Diamond production in Surat begins in a phased manner

Diamond cutting units in Surat have been allowed greater flexibility to operate from 31 July Saturday on condition that they will adhere to a set of norms that include mandatory Covid-19 tests for traders and staff, as per media reports.

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De Beers H1 revenue more than halves as Covid-19 continues to wreak havoc

De Beers’ revenue dropped by 54% to $1.2 billion in the first half of 2020 compared with $2.6 billion, a year earlier, according to Anglo American.

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Lucapa’s Lulo earns $3.7m from latest tender

Lucapa Diamond has sold 2,625 carats from its 40%-owned Lulo alluvial diamond mine, in Angola for $3.7 million, representing an average price of $1,400 carat.

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Just Diamonds offers unique software to retailers

Just Diamonds, a Birmingham-based CMJ supplier of certified diamonds with unique buying software, has reported record results in its fourth year of trading driven by new customers, with turnover up 9.5 percent year-on-year in 2018/19.

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WGC releases Global Gold Demand Trends for Q2 and H1 2020

According to the World Gold Council’s Report released recently, the following are the highlights of the Gold Demand Trends for Q2 and H1 2020.

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Lucara agrees rough diamond supply deal with HB Group in bid to beat tender pricing

28 july 2020

(miningmx.com) - Lucara Diamond Corporation has agreed to sell about 70% of its rough diamonds from its Karowe mine in Botswana to Antwerp-based manufacturer, HB Group, in an effort to cushion the impact of poor rough diamond prices. The deal is for exclusive supply of Karowe’s high value goods in excess of 10.8 carats which comprise the majority of recoveries from the mine. HB Group, co-founded by diamantaire, Oded Mansori, was Lucara’s partner, along with Louis Vuitton, in a co-ownership of the Sewelo diamond, a significant discovery from Karowe akin in size to the mine’s totemic Lesedi la Rona diamond – one of the largest rough diamonds to have been recovered in the last 100 years.