diamonds Tag

A diamond necklace featuring the largest ever D-flawless, emerald cut diamond has sold for US$33.7 million at an auction at Christie’s in Geneva, Switzerland. The 163-carat precious stone was first discovered in 2016 by Australian miner Lucapa Diamond in Angola. The original 404-carat rough stone is...

De Beers Group announced the launch of De Beers Ventures to focus on investing in start-ups and growth companies. The new subsidiary will engage in minority equity positions in areas including downstream distribution, consumer brands, marketing platforms, security, cutting and polishing and imaging technologies. Through the investments...

Anglo American’s diamond division De Beers launched the world’s biggest diamond exploration ship off the coast of Namibia seeking to consolidate high production levels until 2035. The 12,000 tonne, US$157 million SS Nujoma will enable Debmarine Namibia, a 50/50 joint venture between Nambia’s government and De...

Africa-focused Gem Diamonds (LSE:GEMD) has announced two significant diamond discoveries from its Letšeng mine in Lesotho, Southern Africa. The first of the two massive specimens is a 151.52-carat Type I yellow rock, while the second also measured over 100 carats, being a 104.73-carat D-colour Type IIa...

South African mining production grew strongly in Q1 2017 according to the latest report from the South African Chamber of Mines. Based on data released by Statistics South Africa, mining production showed March growth was up nearly 4% compared to figures for February. The total numbers for...

Mines in the United States produced an estimated US$74.6 billion of raw materials, a small increase on 2015, reported the US Geological Survey. The calculation comes from the 40th annual Mineral Commodity Summaries report which includes statistics on more than 88 mineral commodities important to the...