Petra Cullinan Diamonds has sold two of its special stones from its mine in Cullinan, South Africa in a partnership with diamond sourcing and supply company Stargems. The South African subsidiary of Dubai-based Stargems Group purchased a 342.92-carat, white, type IIa diamond for an upfront payment of $10 million, Petra said Wednesday. The same buyer …
Manufacturers and Diamond Dealers essentially have two alternatives when it comes to buy rough diamonds. They are either purchased directly from mining companies or can be purchased from other licensed diamond dealers in the secondary trading market. Mining companies or producers sell their diamonds either through a “sight” system or through tenders and auctions. To buy …
Top 5 diamond manufacturing companies in the world. 1: De Beers De Beers Group is the world’s leading diamond company, with expertise in diamond exploration, mining, grading, marketing, and retail. They believe it is their responsibility to help protect the natural world, and to ensure diamonds mined give back to the communities where they are …
Mozambique to Ban Use of Mercury in Mining by 2020 The Mozambican government intends to eliminate the use of Mercury in artisanal mining and other sectors of activity by 2020, to protect human health from the effects of the highly toxic metal, All Africa reported. The Government, in partnership with the United Nations Institute for Training and Research (UNITAR), …
Angola Renews Sales Policy On Rough Diamonds Luanda, Angola — The Angola Ministry of Mining and Petroleum Resources has set up a working group to renew the profit-orientated sale of rough diamonds. The Secretary of State for Geology and Mines, in Angola Jânio Victor will be heading up the group. This working group, as stated in the …
RAPAPORT… Lucapa Diamond Company has raised its output, cash-flow and mine-lifespan forecasts for the high-value Mothae kimberlite diamond project in Lesotho, where operations are due to start next year. Lucapa Raises Targets for Lesotho Mine – Rapaport
Rough Diamond Prices : De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017. Cycle 5 2017 (provisional)1 Cycle 4 2017 (actual)2 Cycle 5 2016 (actual) Sales value3 ($m) 530 522 564 Notes to this table are shown at the bottom of this page. Bruce Cleaver, …
Trans Hex is expected to report Loss: Trans Hex is currently finalizing its results for the 12 months ended 31 March 2017 (“Results”), which are expected to be released on SENS on or about 20 June 2017. Results in this trading statement are compared with results for the 12 months ended 31 March 2016 (“Previous …
Lucara Diamond Corp’s ‘Lesedi La Rona’ Botswana Citizen Named Gem and Wins $2,196 Prize The 1,111-carat diamond recovered by Lucara Diamond Corp Botswana in November has been named ‘Lesedi La Rona’ following a competition among locals to label the gem. The name, which means ‘Our Light,’ was given by Thembani Moitlhobogi, the winner of a $2,196 …
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Petra Diamonds Petra Diamonds reported revenue slumped 28 percent year on year to $154 million in the first half that ended December 31. Excluding exceptional precious stones, sales dived 18 percent to $144 million. Production rose 2 percent from a year ago to 1.6 million carats, above the company’s target of 1.5 million carats, according …
