Petra reduces net debt to $208mln

Petra Diamonds has reduced its consolidated net debt to $207.6 million as of 30 September 2021, from $228.2 million at the end of June 2021. The company’s debt was $692.3 million as of 30 September 2020.

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Paul Zimnisky forecasts lab-grown diamond jewelry market will almost double by 2025

In the five years since larger, higher-quality lab diamond jewelry began hitting the wider consumer market, production technologies have vastly improved, the number of suppliers has greatly multiplied and many retailers have begun to test, and in some...

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Gem Auctions DMCC to debut rough diamond tender in November

Gem Auctions DMCC, founded by mining entrepreneur Alan Davies, will hold its first-ever rough diamond auction in Dubai, UAE next month. For its first auction, Gem Auctions DMCC will present over 100,000 carats of rough diamonds with an estimated total...

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Angola earns over $5mln from semi-industrial diamonds in two years

Angola raked in about $5.1 million revenue from semi-industrial diamonds between March 2019 and September 2021, according to media reports.

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De Beers Forevermark sees strong demand in South India this festive season

With the onset of the festive season, De Beers Forevermark is upbeat about the demand for diamonds in South India. The brand has already witnessed a huge response post the second wave and is looking forward to growing over 35-40 per cent over the next...

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The greenwashing of gold mining

11 october 2021

(theecologist.org) - New mining projects are being re-branded clean, green and vital to climate action across Europe. The reality is very different. There has been a surge in the number of mining projects and a massive expansion of areas under mining concession in the island of Ireland, Fennoscandia and across Europe in recent years. As much as 27 percent of the Republic of Ireland and 25 percent of Northern Ireland is under mining concession, with a single company, Dalradian Resources, holding concessions for 10 percent of the latter's land area. Meanwhile, Nordic nations have issued mining exploration permits covering millions of hectares of land, including in Sapmí, the homeland of the Sámi Indigenous People.