It will start with rough diamonds that are larger than 1.25 carats and later expand to rough diamonds that are above 1 carat.
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12 spots are available for travelers to visit Northern Tanzania and Southern Kenya from July 25 to Aug. 4.
The mining company is set to hand over the South African diamond mine to an affiliate of Stargems Group by the month’s end.
CEO William Lamb said divesting the diamond sales platform allows the company to focus on the underground expansion of Karowe.
Commercial production has begun underground at the Canadian diamond mine’s A21 pipe.
Industry players have found ways to cope with market conditions while working to reshape themselves in the face of emerging realities.
The giant gem originated from Karowe, the same mine that yielded a 2,492-carat rough diamond in late August.
The organization, which was started by the International Colored Gemstone Association, is now a 501(c)(3).
The giant gem came from Karowe, the same mine that yielded the 1,109-carat Lesedi La Rona and the 1,758-carat Sewelô diamond.
Unable to pay its debts, the ruby and sapphire miner is looking to restructure and become a “competitive and attractive” company.
The jewelry retailer has partnered with Resolve, an organization that combines re-mining with fish habitat restoration.
Providence, Rhode Island-based C&J Fine Jewelry Makers will offer the traceable gold to companies in the U.S. and Canada.
The parcel, totaling 447 carats, garnered $12.4 million at the diamond miner’s recent tender.
Lab-grown diamond sales in the United States and ongoing economic challenges in China are impacting natural diamond demand.
The company also reported the $150 million sale of an iron ore royalty right, part of its ongoing effort to divest “non-core” assets.
The miner said an 835-carat emerald saw “stiff competition” in its July sale.
The company’s sole remaining diamond operation, Diavik, produced 702,000 carats of diamonds, down from 970,000 a year ago.
Lauren Freeman, a Ph.D. with more than 25 years of experience in mining, has joined the company.
He’s leaving the colored gemstone miner to pursue other opportunities, the company said Friday.
The company sold $315 million in rough in the fifth sales cycle of the year, down from $456 million in the same period last year.
The Australian miner has signed over its 70 percent share in the diamond deposit to Lesotho company Lephema Executive Transport.
The sale marks the miner’s 10th anniversary of its first auction of rubies from the Montepuez Ruby Mine in Mozambique.
The De Beers CEO discussed the Anglo American situation, natural diamond marketing, and why the future of lab-grown diamonds is technology.
The former De Beers CEO will step into the role next month.
From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy.