ALROSA reports its May 2021 diamond sales results

ALROSA reported preliminary rough and polished sales results for May 2021. ALROSA sales of rough and polished diamonds in May totaled $365 million, including proceeds from rough diamond sales of $346 million, and polished diamond sales of $19 million...

11 june 2021

Botswana Diamonds’ Thorny River discovery advances towards resource assessment

The AIM and BSE listed diamond explorer, Botswana Diamonds says it has advanced towards resource assessment at its Thorny River diamond project, in South Africa.

11 june 2021

Chow Tai Fook’s profit up by 107% in FY2021

Chow Tai Fook Jewellery Group’s annual results for the fiscal year 2021 showed the company’s profit grew by 107.7 per cent to $775.83 mn. This was a considerable improvement from a loss of 36.6 per cent in FY2020.

11 june 2021

World’s first regulator-approved diamond coin launched

New diamond coin is pitching itself as an alternative commodity for investors to purchase instead of gold bullion. International Gemological Institute (IGI), which provides grading for gems and jewellery grading, has joined hand with Diamond...

11 june 2021

Namibia blocks Namdia proposal to appoint a diamond evaluator

Namibia’s mines ministry has blocked the state-owned Namib Desert Diamonds (Namdia) chief executive Kennedy Hamutenya’s proposal to appoint his sales manager to replace C-Sixty Investment as the company’s diamond valuator.

10 june 2021

Why is a company accused of looting diamonds back in Zimbabwe’s mines?

10 june 2021

(opendemocracy.net) - In 2016, Robert Mugabe, then the president of Zimbabwe, announced that a mining company had looted diamonds worth $15bn from the country. The company was Anjin, a joint venture between a Chinese firm and the Zimbabwean military. Anjin strongly denied the allegations. But considering the dire state of the country at the time – a collapsed healthcare system, chronic fuel and food shortages, dilapidated roads – the claims were explosive. Yet in January this year, the state-owned Zimbabwe Consolidated Diamond Company pulled out of the most lucrative diamond-producing block in the east of the country and handed it over to the very same company: Anjin. Diamonds from Zimbabwe have Kimberley Process certification, which means they are supposed to be traceable. However, in recent months critical questions about accountability and transparency in the country’s diamond-mining sector have resurfaced.