Angola exported 620,485 carats of diamonds in January, at an average price per carat of US$136.24, the second highest value since October 2016, according to official figures.
Read MoreHARARE – Zimbabwe has changed its empowerment law to limit majority ownership by state entities to only diamond and platinum mines and not the entire mining sector as in previous legislation, according to a government notice. The Indigenisation and Econmic Empowerment Act was designed to increase black Zimbabweans’ share of the economy but were opaque and open to abuse, to the detriment of foreign investor confidence, a situation that new President Emmerson Mnangagwa promised to change.source: Reuters
Read MoreLucapa Diamond (ASX:LOM) said Monday it had achieved gross proceeds of $1.7 million (A$2.1 million) from selling 2,072 carats recovered at its prolific Lulo mine in Angola.
Read MoreGlobal diamond producer Gem Diamonds has recovered a 152 ct, top white colour Type IIa diamond from its 70%-owned Letšeng mine, in Lesotho. This is the sixth diamond larger than 100 ct recovered at the mine this year.
Read MoreLucapa Diamond (ASX:LOM) announced that, for the first time, workers at its 70% owned Mothae mine in Lesotho have recovered diamonds sourced from residual material and kimberlite stockpiles.
Read MoreGABORONE – Botswana’s rough diamond exports fell by 17% in 2017 to 36.03-billion pula ($4-billion) due to weak demand in the second half of the year, central bankdata showed on Tuesday. Diamond production in Botswana is predominantly from Debswana, an equal partnership between government and Anglo American’s diamond unit, De Beers.
Read MoreShares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.
Read MoreThe Letšeng Legacy, discovered in 2007, is currently ranked as one of the largest rough white diamonds ever recovered. The 493-carat rock was sold at an auction in Antwerp for US$10.4 million in November that year. (Image courtesy of Gem Diamonds.) Diamonds always have – and undoubtedly always will – captivate our attention. Since the beginning of time, people have been drawn to beautiful, exquisite gems, and diamonds – regardless of the type – are…
Read MoreSociedade Mineira da Catoca (SMC) expects to produce 7 million carats of diamonds this year, the director-general Sergei Amelin said in Saurimo on Tuesday.
Read MoreWargan Holdings Limited, a company whose share capital is 100% owned by Russian group Alrosa PJSC, acquired the 16.4% stake held by Odebrecht Mining Service Investments GmbH in the Catoca Mining Company (Sociedade Mineira de Catoca – SMC), according to an order published in Angola’s official bulletin, Diário da República.
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