(IDEX Online) - ALROSA reports diamond production volume in 2018 at 36.7 million carats and sales of 38.1 million carats (down 8%). Sales proceeds increased by 6% to $4.5 billion. In Q4 2018, diamond production decreased by 2% q-o-q (up 2% y-o-y) to 10.3 million carats driven by seasonal suspension of production at alluvial deposits, which was almost fully offset by increased output at und...Read More
(IDEX Online) - De Beers reported that rough diamond sales volumes totaled 9.9 million carats (9.2 million carats on a consolidated basis) from three sales cycles, compared with 8.2 million carats (7.5 million carats on a consolidated basis) from the same number of sales cycles during the equivalent period in 2017. Fourth quarter rough sales revenues increased year on year as the re-phased...Read More
The 2019 Investing in African Mining Indaba – to be held at the Cape Town International Convention Centre from February 4 to 7 – will be the twenty-fifth iteration of the event, and the “world’s largest mining conference” having reached this milestone is testimony to its relevance and value, says Minerals Council South Africa public affairs and transformation senior e...Read More
Lucara Diamond Corp continues to make progress with the feasibility study for a potential underground operation at its 100%-owned and operated Karowe diamond mine, in Botswana.Following the release of a positive preliminary economic assessment (PEA), the company last year embarked on a technical programme to support a feasibility study for a potential underground operation at Karowe, with the aim...Read More
Aim-listed BlueRock Diamonds has temporarily suspended operations at its Kareevlei mine in the Kimberley region of South Africa, owing to the imposition of a Section 54 notice from the Department of Mineral Resources (DMR).The Section 54 notice is in relation to the code of practice relating to the operation of trackless mining machines only and resulted from an accident on Friday involving an ext...Read More
Diamond miner De Beers has lowered its production guidance for 2019 to between 31-million and 33-million carats.The company, which on Thursday reported production of 35.3-million carats for the 2018 financial year, attributes the lower production guidance to its existing Venetia openpit, in South Africa, where the Venetia underground mine will become the principal source of ore from 2023.Advertise...Read More
Russian diamond miner Alrosa reported 2018 production volumes of 36.7-million carats and sales of 38.1-million carats.Production declined by 7% year-on-year, owing to the shutdown of the Mir underground mine and the completion of openpit mining at the Udachnaya pipe.AdvertisementThe sales volume decreased 8% year-on-year, but sales proceeds increased by 6% year-on-year to $4.5-billion.In the fourt...Read More
HARARE – Russian diamond giant Alrosa and Chinese-owned Anjin are the two foreign companies chosen by Zimbabwe's government to partner the state-diamond firm in exploring and mining diamonds, a state-run newspaper reported on Thursday.The southern African nation announced in December that it would allow two private companies to explore and mine gems and Alrosa said last week it had set u...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has appointedBeatrice Sturtevant as managing director, it said Tuesday. Sturtevant was previously director of operations at AlexaTranslations and business unit manager for CLS Lexi-Tech, a division of global translation firm Lionbridge. The CJA, which has more than 1,000 members, is based in Toronto. Image: Beatrice Sturtevant. (CJA)Read More
RAPAPORT... Sarine Technologies will unveil itsfull-capacity, artificial-intelligence (AI) grading lab at the upcomingInternational Diamond Week in Israel (IDWI). The launch followsan initial pilot of the lab, which opened in Israel in February. Sarine hasmoved the lab to a larger facility, and has transitioned it from the pilot stageto its full-scale commercial level, the company told Rapapo...Read More
RAPAPORT... De Beers has been dabbling in the retail end of thediamond industry for more than 15 years, but recently, other miners have begunto follow suit, breaking out of the production box and entering other aspectsof the trade.The move into retail was a natural step for De Beers,says David Johnson, the company's head of strategic communications.Initially, De Beers undertook category marketing...Read More
(IDEX Online) - Figures from pre-registration show major buyers from across the world, including the United States, EU countries, India, Australia, the Middle East and the ASEAN region, will be taking part in the 63rd edition of the Bangkok Gems and Jewelry Fair (BGJF). The February 20-24 show, being held at the Challenger Hall 1-3, IMPACT Muang Thong Thani, Bangkok, will feature exhibitors...Read More
RAPAPORT... A consumer-advice website is using artificial intelligence to identify diamonds that appear clean to the naked eye.The Diamond Pro's new tool, Ringo, helps customers make thebest diamond purchase based on their selected parameters, it said following the tool's launch on Tuesday. "Prior to Ringo, consumers would either need to upgrade inclarity to guarantee eye-cleanliness or have an ex...Read More
MOSCOW – Sales by Russia's Alrosa, the world's largest producer of rough diamonds in carat terms, are lower than a year ago so far in January, its CEO was quoted as saying by Interfax news agency on Wednesday.Alrosa competes with Anglo American's De Beers, the biggest seller of rough diamonds by value.AdvertisementAlrosa's sales of rough and polished diamonds totalled $504.5-...Read More
(IDEX Online) - Sarine Technologies will inaugurate its newly branded, advanced and fully automated diamond grading lab during the January 28-30 International Diamond Week in Israel (IDWI). The launch of the only such facility based on artificial intelligence (AI) follows an initial pilot of the lab facility that opened in February 2018, the IDWI said in a statement. Sarine, an Israel-based...Read More
Aim-listed BlueRock has updated its 2013 inferred level of confidence in the diamond mineral resource for the Kareevlei kimberlite cluster.The company owns and operates the Kareevlei diamond mine, in Kimberley, South Africa, and appointed Z Star Mineral Resource Consultants to compile its reports.AdvertisementSince the publication of the 2013 mineral resource report, BlueRock has started mining th...Read More
Aim-listed Botswana Diamonds has undertaken a share placing with existing and new investors to raise £370 000 through the issue of just over 67.2-million new ordinary shares at a placing price of 0.55p a placing share.The proceeds will be used to fund exploration activities during the current year in Botswana and South Africa, and to provide additional working capital for the company.Ad...Read More
RAPAPORT... The Canadian Jewellers Association (CJA) has hired Beatrice Sturtevant as managing director, it said Tuesday. Sturtevant was previously director of operations at AlexaTranslations and business unit manager for CLS Lexi-Tech, a division of global translation firm Lionbridge. The CJA, which has more than 1,000 members, is based in Toronto. Image: Beatrice Sturtevant. (CJA)Read More
RAPAPORT... Sarine Technologies will unveil itsfull-capacity, artificial-intelligence (AI) grading lab at the upcomingInternational Diamond Week in Israel (IDWI). The launch followsan initial pilot of the lab, which opened in Israel in February. Sarine hasmoved the lab to a larger facility, and has transitioned it from the pilot stageto its full-scale commercial level, the company told Rapapo...Read More
TSX-V-listed Tsodilo Resources on Wednesday announced the completion of a second independent size frequency distribution (SFD) modelled grade and diamond value for the 77.94 ct parcel of 502 commercial size diamonds recovered during BK16’s large diameter drilling (LDD) programme.In December, it was discovered that the size frequency model used in an initial SFD modelling exercise had resulte...Read More