The company that owns the Cullinan mine is up for sale
Saddled with hundreds of millions of dollars in debt and facing a diamond market hobbled by COVID-19, miner Petra Diamonds has put itself up for sale.
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Buyers snub De Beers and Alrosa over high prices
De Beers and Alrosa continued to see rock-bottom sales in June as buyers rejected the miners’ high rough prices in favor of cheaper goods from smaller suppliers.
Eira Thomas confident Lucara can navigate crisis
The diamond mining sector has been hard hit by the coronavirus crisis. There has been a significant drop in demand — when rough sales could even take place — forcing miners to reconsider their production programs for 2020. However, Lucara Diamond Corp. appears cautiously confident that it has the balance sheet, the sales platform, and […]
Gem Diamonds recovers 163ct yellow diamond
Gem Diamonds has recovered a 163 carat yellow type 1 diamond at its Letšeng mine, in Lesotho.
Rio Tinto not to pursue control of Diavik Mine
Australian-British Rio Tinto has ceased speculation about the possible acquisition of Dominion Diamond Mines’ 40% share in the Diavik mine in Canada’s Northwest Territories, which would become wholly-owned by the world’s leading mining company, according to the Diamond Loupe.
De Beers sight opens with viewings in Antwerp
De Beers has been holding sight viewings in Antwerp the week of June 15 as part of its move to offer goods in locations other than Botswana due to the coronavirus.
ALROSA reports its May 2020 diamond sales results
Press release – ALROSA, the world’s largest diamond miner by volume, reports its May 2020 diamond sales results.
Alrosa sees demand for rough at digital sale
Alrosa sold 102 large rough diamonds at its latest digital tender, noting that there was still demand for its goods despite the coronavirus crisis.
De Beers to hold sight 5 from mid-June
De Beers is set to conduct sight 5 from June 15 in Botswana, South Africa and Namibia, according to impeccable sources privy to the goings on.
World’s leading diamond producers launch new ‘Natural Diamond Council’
Press release – Organization formerly known as ‘Diamond Producers Association’ relaunches under a new name with a new consumer facing identity and digital platform called, ‘Only Natural Diamonds’.
DPA to rebrand, abandon ‘Real Is Rare’
The Diamond Producers Association (DPA) has revealed plans for a radical overhaul that will see it change its name and drop the “Real Is Rare” tagline.
The Strategy Committee of ALROSA Supervisory Board recommends downward revision of 2020 production guidance
Press release – The Strategic Planning Committee of ALROSA’s Supervisory Board consisting of Supervisory Board members nominated by the Company’s key shareholders and also of independent directors reviewed options to cut spending and optimise production as proposed by the management and recommended that the management be guided by proposals envisaging lower output.
