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Mountain Province 150
Mountain Province Tender Yields $26M
Mountain Province’s sales increased at its April rough-diamondtender as a higher carat volume outweighed a weaker average price. The miner sold 451,000 carats of rough from its Gahcho Kuémine for $26.4 million at an average of $59 per...
Mining Apr 24, 2018 Rapaport News
Mountain Province 150
Mountain Province Sales Hit $134M in First Year
Mountain Province saw $134 million in revenue from the firstyear of operations at its Gahcho Kué mine, the company said this week. The miner sold 2 million carats at an average price of $70per carat during 2017,...
Mining Mar 29, 2018 Rapaport News
Firestone Diamonds Posts Inaugural Revenue
Firestone Diamonds recorded its first half-year revenue from the Liqhobongmine in Lesotho, the company said Tuesday. The miner saw sales of $28 million from the recovery of379,716 carats during the six months...
Mining Mar 29, 2018 Rapaport News
Tango 150
8ct. Diamond Boosts Tango Average Price
Tango Mining achieved an average price of $864 per carat atits March tender, driven by the sale of an 8.47-carat diamond, the company saidFriday. The stone, which fetched $2,896 per carat, was among 106 roughdiamonds...
Mining Mar 25, 2018 Rapaport News
Lucara 032518 150
Ex-Stornoway Exec Becomes Lucara CFO
Lucara Diamond Corp. has appointed Zara Boldt as its chieffinancial officer and corporate secretary, as part of an effort to consolidateits management team, the miner said last week. “[Zara] will be focused on maximizing the value of Lucara’score...
Mining Mar 25, 2018 Rapaport News
Alrosa Rough 032518
Alrosa Urges Promotion of Stones’ Russian Origin
Alrosa has encouraged its long-term clients to disclose theRussian origin of diamonds they buy from the miner. The company has urged its Alrosa Alliance members — clients thathaved a rough-buying contract with the miner...
Mining Mar 25, 2018 Rapaport News
Alrosa Jubilee mine
Revenue and Profit Decline for Alrosa
Alrosa’s revenue and profit fell in 2017, due to a shift to lower-value rough-diamond sales, and a weaker dollar. Revenue for the year declined 14% to $4.68 billion (RUB269.71 billion), while profit slipped 41% to $1.36 billion...
Mining Mar 18, 2018 Rapaport News
910ct. Lesotho Diamond Sells for $40M
Gem Diamonds has sold the Lesotho Legend, the 910-caratstone it unearthed at its Letšeng mine in January, for $40 million, the company said Tuesday. The miner claims the D color, type IIa stone —which...
Mining Mar 13, 2018 Rapaport News
Gem Diamonds
Gem Diamonds Makes Another Big Discovery
Gem Diamonds has recovered a 152-carat stone from its Letšeng mine in Lesotho, the company said Wednesday. The white, type IIa diamond is the sixthstone over 100 carats the miner has unearthed since...
Mining Mar 08, 2018 Rapaport News
Petra Diamonds CEO Johan Dippenaar holding 122.52
Petra Diamonds Posts Heavy Loss
Petra Diamonds slumped to a significant loss in the first fiscalhalf as the South African rand strengthened against the dollar, reducing the value of two mines the company operates in the country. The net loss came...
Mining Feb 19, 2018 Rapaport News
Alrosa Israel Auction Fetches $14M 150
Prices Strong at Alrosa Israel Auction
Alrosa sold $13.7 million worth of special-size rough diamonds in Israel earlier this month, the miner said Friday. The company auctioned 105 diamonds larger than 10.8 carats, totaling 1,665 carats. The stones...
Mining Feb 18, 2018 Rapaport News
Kelebone Leisanyane Letseng Gem Diamonds
New CEO Takes Charge at Letšeng Mine
Gem Diamonds has appointed Kelebone Leisanyane as CEO of LetšengDiamonds, the miner said last week. Leisanyane (pictured), the former CEO of the Lesotho National Development Corporation,took over the position from Jeff Leaver in January....
Mining Feb 14, 2018 Rapaport News
Rough Demand Boosts Mountain Province Sales 150
Gahcho Kué Prices Rise as Market Improves
Mountain Province Diamonds has posted its highest monthly sales total to date, as better-quality production and improved demand drove rough prices higher in February.The company sold a total of 351,000 carats from its Gahcho Kué...
Mining Feb 13, 2018 Rapaport News
Alrosa Releases January Sales Results 150
Alrosa Results Climb in January
Alrosa’s sales surged 38% to $504.5 million in January, as a strong holiday season boosted market sentiment. “We have seen good demand for the whole assortment of ourdiamond products,” Yury Okoemov, deputy CEO of Alrosa, said...
Mining Feb 13, 2018 Rapaport News
De Beers Seeks Buyer for Namibia Mine 150
De Beers Plans to Sell Namibia Mine
De Beers’ joint venture with the Namibian government is seekinga buyer for its Elizabeth Bay operation, as the miner diverts resources to its marineprojects. Namdeb closed ElizabethBay between 2009 and 2011, when it revived it and...
Mining Feb 12, 2018 Rapaport News
Lucapa Lulo rough 150
Lucapa Sales Slump with Fewer Big Diamonds
Lucapa Diamond Company’s sales fell 38% in 2017, after theprevious year’s figures received a boost from the sale of a huge rough stone. Proceeds from diamonds the company extracted at its Lulomine in Angola declined to $31.6...
Mining Jan 31, 2018 Rapaport News
Alrosa Names New Rough Clients 150
Alrosa Reveals New Long-Term Clients
Alrosa’s list of long-term clients has grown to 65companies, with six new contract clients signing diamond-supply agreements forthe 2018-to-2020 period.Three new domestic clients, including Aives, Diapur andKristalldiam, as well as three new foreign businesses,...
Mining Jan 24, 2018 Rapaport News
Firestone Reports Quarterly Sales 150
Firestone Optimistic About 2018 Prices
Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the...
Mining Jan 17, 2018 Rapaport News
Alrosa Expands Stake in Catoca
Alrosa Raises Stake in Catoca Mine
Alrosa has agreed to buy an additional 8.2%stake in the Catoca Mine in Angola for $70 million, the Russian miner said Friday.Angolan President João Lourenço approved a redistribution of 16.4% of the enterprise’s holdings, which were split...
Mining Jan 15, 2018 Rapaport News
Alrosa 2017 Rough Sales Decline 150
Alrosa Sees Sales Decline in 2017
Alrosa’s diamond sales fell in 2017 as an influx of lower-value rough reduced the average price it achieved. Combined rough and polished sales amounted to $4.27 billion for the year, Alrosa said Thursday, leaving the total...
Mining Jan 14, 2018 Rapaport News
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