Mountain Province Diamonds announces the results of its latest diamond sale

Mountain Province Diamonds Inc. has announced the preliminary results of its latest diamond sale in Antwerp, Belgium, which closed on September 19th, 2020, as per a press release from the miner.

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Russia’s Duma is offered to change the basis for calculating the severance tax levied from diamond mining

The Russian government has submitted a bill to the State Duma offering a new procedure for assessing the value of mined precious stones used to calculate the severance tax levied from mining companies. It is proposed to estimate their value based on...

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Lucapa realises $2.3 mln from Lulo diamonds sale

Lucapa Diamond has raked in $2.3 million (A$3.2-million) from the sale of diamonds from its 40%-owned Lulo alluvial mine, in Angola.

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Star recovers over 2800 diamonds from third bulk sample trench

Star Diamond has recovered 2,822 diamonds weighing 130.26 carats from the third bulk sample trench excavated on the Star Kimberlite at its Orion South diamond project, in Canada.

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Gem Diamonds unearths two large stones at Letšeng

Gem Diamonds has unearthed two large stones at its 70%-owned Letšeng mine, in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.

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Jilted by lockdown: Why marriage after global isolation is just what the diamond sector needs

30 july 2020

(miningmx.com) - The wedding economy is estimated to be worth $300bn annually with a host of industries, from travel and hospitality to the garment sector, hanging on to its finely-tailored coattails. Perhaps no industry is more desirous, therefore, of sweet nuptials than the jewellery sector – diamonds in particular. The last three years have been torrid for the global diamond sector. De Beers exemplified the rut: its 2019 profit of $558m was the lowest in a decade. A sales upturn in January suggested the beginning of the long-anticipated recovery, until COVID-19 sent consumers from high street into lockdown. Unpolished or rough diamond sales to the secondary sector, the cutters and polishers who like to inspect goods in person, was stopped in its tracks. Botswana, where De Beers convenes ten sales meetings a year with selected buyers, closed its borders. Other miners ran into similar travel bans as the pandemic tore through the world. Yet the forces that brought the diamond sector to a halt in March might yet provide the seeds of its recovery.