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De Beers Sales Volume Rises in Positive Market
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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,...
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Mining
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Jul 19, 2018
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Rapaport News
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Alrosa Rough Production to Fall in 2018
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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,...
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Mining
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Dec 24, 2017
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Rapaport News
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Liqhobong Output Forecast Drops
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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...
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Mining
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Aug 09, 2017
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Rapaport News
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Lucara Lowers Production Outlook
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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...
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Mining
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Aug 06, 2017
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Rapaport News
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Large Diamonds Boost Letšeng Prices
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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...
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Mining
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Jul 25, 2017
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Rapaport News
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Higher Grade Drives Alrosa Production Jump
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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...
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Mining
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Jul 25, 2017
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Rapaport News
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Rain at Argyle Dampens Rio Tinto’s Diamond Offering
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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...
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Mining
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Jul 19, 2017
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Rapaport News
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Lulo Sees Double-Digit Sales Growth
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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...
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Mining
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Jul 05, 2017
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Rapaport News
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Diamond Production Value Down Last Year
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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...
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Mining
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Jul 04, 2017
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Rapaport News
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Petra Warns Sales Set to Fall Short
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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...
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Mining
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Jun 28, 2017
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Rapaport News
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Letšeng Yields 98ct. Rough Diamond
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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...
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Retail
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May 23, 2017
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Rapaport News
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Firestone Upbeat on Early Liqhobong Results
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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...
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Mining
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Apr 26, 2017
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Rapaport News
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Dominion Sees More Life in Diavik Mine
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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...
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Mining
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Apr 02, 2017
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Rapaport News
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Gahcho Kué Mine Reaches Commercial Production
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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...
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Mining
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Mar 02, 2017
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Rapaport News
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Trans Hex Rough Sales Fetch $895/ct.
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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...
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Mining
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Feb 27, 2017
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Rapaport News
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Dominion Sales Fall After Ekati Fire
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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...
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Mining
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Feb 23, 2017
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Rapaport News
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De Beers Profit Jumps as Diamond Market Stabilizes
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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...
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Mining
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Feb 21, 2017
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Joshua Freedman
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Petra Cautious After Labor Unrest
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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...
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Mining
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Feb 20, 2017
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Rapaport News
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ALROSA Caps 2016 Output to Reduce Stocks
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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...
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Mining
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Jan 30, 2017
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Rapaport News
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Higher Carat Sales Drive De Beers Growth
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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...
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Mining
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Jan 26, 2017
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Rapaport News
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