De Beers’ Botswana pink stone to fetch over $35mln

The Eternal Pink, a rare diamond that De Beers found at the Damtshaa mine in Botswana, is anticipated to sell for more than $35 million at a Sotheby's auction on June 8 in New York. The 10.57-carat diamond will be displayed in Hong Kong next week...


Applications open for UZBEK JEWELLERY AWARDS "Charming East"

The organizers of the UZBEK JEWELRY AWARDS "Charming East" announced the start of accepting applications for participation in this most prestigious jewelry competition in the republic. The aim of the competition is to recognize companies, individuals...


Oman announces tender offering of silver and gold mines for investment in 2023

The Ministry of Energy and Minerals of Oman has announced a tender offering seven mining blocks for investment in 2023, as part of Oman’s strategy to expand the mining sector and contribute to the country’s GDP, as per media reports.


Shanta boosts output, profit in 2022

Shanta Gold increased its gold production by 18% to 65 209 ounces (oz) at the end of the 2022 fiscal year as all three of the company's properties registered significant operational growth.


WPIC Report: Platinum requirement for green hydrogen projects with PEM electrolysers would total over 2.7 Moz by 2030

The installed production capacity for green hydrogen is doubling every two years, as are plans for new production capacity. By the latter half of the 2030s, it is estimated that hydrogen-related demand for platinum could equate to a third of all annual...


Quest for world’s biggest diamonds gives De Beers a headache

14 march 2023

( - To the southeast of the teeming herds of wildlife in the Okavango Delta in Botswana, an offshoot of the Lundin mining dynasty is extending its search for the world’s biggest diamonds. Lucara Diamond Corp. is sinking an 800-meter (2,624-foot) shaft to ensure the kimberlite orebodies at its Karowe mine keep producing the 1,000-carat-plus gems that set it apart. However, the $550 million investment is potentially less significant than the second prong of the miner’s strategy. That involves changing the way diamonds are sold, indirectly posing a challenge to industry giant De Beers.