|
|
|
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 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
|
|
|
|
|
|
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
|
|
|
|
|
|
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 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
|
|
|
|
|
|
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 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 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
|
|
|
|
|
|
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
|
|
|
|
|
|
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
|
|
|
|
|
|
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 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 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 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 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 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 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 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
|
|
|
