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De Beers 150
De Beers Sales Volume Rises in Positive Market
De Beers’ sales volume and production grew sharply in thesecond quarter amid strong trading conditions, the miner’s parent companyreported Thursday. Rough-diamond sales rose 69% to 10 million carats during thethree months ending June 30,...
Mining Jul 19, 2018 Rapaport News
Mir mine Alrosa
Alrosa Rough Production to Fall in 2018
Alrosa expects its rough-diamond production will decline about7% next year, with the Russian miner selling off inventory to maintain supply,it said last week. The company projected output of 36.6 million carats for2018,...
Mining Dec 24, 2017 Rapaport News
Firestone Liqhobong
Liqhobong Output Forecast Drops
Firestone Diamonds has lowered its production outlook forthe current financial year, aiming instead to improve long-term prospects atits Liqhobong mine in Lesotho.The company expects to produce 800,000 to 850,000 carats ofrough diamonds in the fiscal...
Mining Aug 09, 2017 Rapaport News
Lucara 342 carat rough Karowe
Lucara Lowers Production Outlook
Lucara Diamond Corp. reduced its production forecast after ashortage of equipment in the second quarter led to lower mining levels than thecompany expected.Lucara’s mining contractor, Aveng Moolmans, experienced“equipment-availability issues” that resulted in the miner...
Mining Aug 06, 2017 Rapaport News
Letseng mine Gem Diamonds
Large Diamonds Boost Letšeng Prices
Gem Diamonds said the average selling price for roughdiamonds from its Letšeng mine grew 20% in the first half as the companyrecovered more large diamonds than a year ago. Production from the high-value...
Mining Jul 25, 2017 Rapaport News
Alrosa Mir Mirny mine
Higher Grade Drives Alrosa Production Jump
Alrosa’s rough-diamond production grew 14% year on year inthe first half as mining grades increased, the company reported Monday.Output rose to 19.3 million carats, with the average grade —the volume of diamonds contained within...
Mining Jul 25, 2017 Rapaport News
Argyle mine rio Tinto
Rain at Argyle Dampens Rio Tinto’s Diamond Offering
Rio Tinto’s rough-diamond output declined 2% to 4.3 millioncarats in the second quarter as wet weather restricted production levels at theArgyle mine.Output from the mine in Western Australia fell 8% to 3.2million carats compared to the corresponding period last...
Mining Jul 19, 2017 Rapaport News
Lulo Lucapa rough diamonds
Lulo Sees Double-Digit Sales Growth
Rough-diamond sales from the Lulo mine in Angola rose 58% inthe second quarter, reaching $4.8 million, owner Lucapa Diamond Companyreported Wednesday.First-half sales slumped 41% to $15.4 million, partly because in the same period...
Mining Jul 05, 2017 Rapaport News
rough diamonds
Diamond Production Value Down Last Year
Global rough-diamond production fell by value for the secondconsecutive year as output declined in the two largest producer countries, according to data the Kimberley Process (KP) released Tuesday.The total value of rough diamonds extracted in 2016...
Mining Jul 04, 2017 Rapaport News
Finsch Mine
Petra Warns Sales Set to Fall Short
Petra Diamonds has lowered its sales and production forecastfor the current fiscal year, as an expansion of its operations has taken longerthan expected.The South Africa-focused miner’s rough-diamond output willbe 8% to 9% below its projection of 4.4...
Mining Jun 28, 2017 Rapaport News
Gem Diamonds Letseng 98ct. rough May 2017
Letšeng Yields 98ct. Rough Diamond
Gem Diamonds has discovered a 98.42-carat rough diamond atits Letšeng mine in Lesotho, the company said Tuesday.The miner will sell the D-color, type-II diamond in June,alongside an 80.58-carat stone unearthed earlier this month. During...
Retail May 23, 2017 Rapaport News
Tango Firestone BK11 mine Botswana
Firestone Upbeat on Early Liqhobong Results
Firestone Diamonds continues to yield large special stones at its Liqhobong mine in Lesotho and expects to complete the “ramp up” phase of the operation in the coming months, the company announced Wednesday.The miner recovered 31 stones...
Mining Apr 26, 2017 Rapaport News
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Dominion Sees More Life in Diavik Mine
Dominion Diamond Corporation has extended the life span ofits jointly owned Diavik mine by two years and hiked its estimate of theproject’s future production.The deposit in Canada’s Northwest Territories will lastuntil 2025, compared...
Mining Apr 02, 2017 Rapaport News
De Beers Gahcho Kue
Gahcho Kué Mine Reaches Commercial Production
The Gahcho Kué mine in Canada achieved commercial productionon Thursday, joint owners De Beers and Mountain Province Diamonds reported.This means the mine is capable of operating in the manner itsmanagement intended, the companies said in a joint...
Mining Mar 02, 2017 Rapaport News
Rough and Loupe`
Trans Hex Rough Sales Fetch $895/ct.
Diamond miner Trans Hex reported sales of $14.7 million (ZAR201.1 million) at three recent tenders of rough stones from its wholly ownedoperations in South Africa.The sales in October, December and February fetched anaverage price of $895...
Mining Feb 27, 2017 Rapaport News
Dominion Sales Fall After Ekati Fire
Annual sales at Dominion Diamond Corporation slumped 21percent due to a fire at one of its mines and sluggish demand for smaller roughstones, the company said Wednesday.Revenue slid to $570.9 million in the fiscal year that endedJanuary...
Mining Feb 23, 2017 Rapaport News
De Beers Venetia mine
De Beers Profit Jumps as Diamond Market Stabilizes
Profit more than doubled for De Beers last year as tradingconditions in the diamond-manufacturing sector improved and inventory levelsstabilized.Underlying earnings jumped to $667 million in 2016 from $258million a year earlier, parent company Anglo American said...
Mining Feb 21, 2017 Joshua Freedman
Cullinan Dream
Petra Cautious After Labor Unrest
Petra Diamonds’ share price fell on Monday as industrialaction at its Cullinan mine forced the company to offer a cautious outlook onproduction.Labor stoppages delayed the expansion program known as theC-Cut extension at the South Africa mine, the...
Mining Feb 20, 2017 Rapaport News
ALROSA's Udachniy mine
ALROSA Caps 2016 Output to Reduce Stocks
ALROSA’s production fell 2 percent to 37.4 million caratslast year in line with the miner’s plan to keep inventory in check.The company reduced output fromalluvial deposits in the second and third quarters in order to align with the...
Mining Jan 30, 2017 Rapaport News
De Beers Venetia mine
Higher Carat Sales Drive De Beers Growth
De Beers sales volume grew by more than 50 percent in 2016 as lower rough prices and depleted polished inventories drove a resurgencein demand.The company's rough sales jumped to 32 million carats last year, parent company Anglo American...
Mining Jan 26, 2017 Rapaport News
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