Global diamond rough output to reach 120Mcts this year – Zimnisky

The global rough diamond output is expected to reach 120 million carats this year compared to a high of 150 million carats in 2017, according to an independent diamond analyst. Global rough diamond output fell by about 20% to 111.4 million carats...

Today

Angola wants to polish 20% of the country’s total rough production

“It is our target to polish 20% of our total diamond output per year,” mineral resources minister Diamantino Azevedo told the Angola International Diamond Conference (AIDC) in Saurimo. “I know 20% is not an easy task, but that is the...

Today

Gem Auctions DMCC closes largest debut rough diamond sale in industry history

Gem Auctions DMCC founded by mining entrepreneur Alan Davies, held its first-ever rough diamond auction in Dubai this week. The company sold 120,000 carats for over $57 mn, marking the largest rough diamond auction debut by a new company in the history...

26 november 2021

Luaxe full-scale mining operations ‘expected soon’ – Alrosa Angola

Full-scale mining operations at the Luaxe diamond project in the Eastern Lunda Sul province are “expected soon”, according to Alrosa. Company director-general in Angola Alexander Gorlov told a diamond conference in Saurimo that they had completed exploration...

26 november 2021

Lucara revises FY 2022 revenue, sales, production guidance upwards

Lucara Diamond which owns the Karowe mine in Botswana has revised its guidance on diamond revenue for the full year 2022 from $185 million to $215 million.

26 november 2021

Delayed Reactions

24 november 2021

(diamonds.net) - Imagine the scene: A family is sitting together in a cozy living room, drinking mugs of cocoa, excitement on their faces as they reach for the beautifully wrapped gifts under the Christmas tree. It’s the picture you see in every magazine, store window and television show in the US this time of year. But now, reimagine the tableau minus the presents under the tree. It just doesn’t have the same effect. Gift-giving is an intrinsic part of the festive season, but this year, the options on offer may turn out to be sparse. Massive bottlenecks along the supply chain have led to delays of up to five weeks on orders, according to shipping and logistics companies. The setbacks range from Covid-19 challenges at point-of-origin factories and ports, to vessel pile-ups at destination ports in the US, to a shortage of port employees, truckers, and railroad workers.