Namibia has formally signed the Luanda Accord, while two key industry organizations pledged to join the Natural Diamond Council.
Search

It would be the third impairment charge in three years on De Beers Group, which continues to grapple with a “challenging” diamond market.

Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.

Petra Diamonds unearthed the 41.82-carat, Type IIb blue diamond at the Cullinan Mine.

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

Vivek Gadodia and Juan Kemp, who’ve been serving as interim co-CEOs since February, will continue to lead the diamond mining company.

Called “Origin by De Beers Group,” the loose, polished diamonds are being sold in a total of 30 stores in the United States and Canada.

Mark Wall, president and CEO of Canadian mining company Mountain Province Diamonds, will vacate his position next month.

De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company.

The struggling diamond mining company, which owns the historic Cullinan mine, has launched a rights issue to raise about $25 million.

The retailer’s new collection of engagement rings and fashion jewelry is set with natural diamonds that are traceable via blockchain.

They were attacked on Oct. 15, as approximately 40 miners without licenses marched on the mine’s gate.

The UK-based brand sourced the gemstones, which are fully traceable, from an artisanal mining community in Tanzania.

The rough on offer was recovered from a newer area at the Montepuez mine.

Its latest interim financials revealed a challenging first half due in part to production troubles at its mines.

Botswana’s president said his country wants a controlling share, while Angola envisions multiple countries holding minority stakes.

It included the sale of the 11,685-carat “Imboo” emerald that was recently discovered at Kagem.

Associate Editor Lauren McLemore headed out West for a visit to Potentate Mining’s operation hosted by gemstone wholesaler Parlé Gems.

Anglo plans to merge with Teck Resources Ltd. to form Anglo Teck. The deal changes nothing about its plans to offload De Beers.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

Dubbed the “Imboo,” or “buffalo,” emerald, the rough gemstone is part of Gemfields’ latest emerald auction, which is taking place now.

The investment company, founded by Dev Shetty, has acquired the struggling miner and its assets, including the Lulo mine in Angola.

The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.
















