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Merlin 13ct rough diamond
Merlin Upbeat After 13ct. Diamond Sale
Merlin Diamonds has a sold a white rough diamond from itsmine in Australia for $157,880, or $11,898 per carat, it said Monday.The 13.27-carat stone is of “very high” quality and has Dcolor, Merlin said in a statement, claiming that,...
Mining Oct 02, 2017 Rapaport News
Finsch mine Petra
Strikes End at Petra Diamonds’ Mines
Petra Diamonds has reached a new wage agreement with workers at three of its South African mines, bringing strikes atthe projects to an end.The company struck a deal with the National Union ofMineworkers over salaries at the...
Mining Oct 01, 2017 Rapaport News
Age of diamonds Sept 2017
Miners Could Start Hunting for Young Diamonds
Some diamonds could be younger than mining companiesthought, according to research that may prompt rough producers to expand theareas in which they can search for precious stones.Researchers used a method called “radioisotope analysis”to establish the...
Research Sep 26, 2017 Joshua Freedman
Vladimir Marchenko Alrosa
Alrosa Names Head of Africa Projects
Alrosa has appointed Vladimir Marchenko (pictured) as vice presidentresponsible for the Russian miner’s operations in Africa.The company has a 33% stake in Catoca, a diamond-miningproject in Angola, and plans to increase its share, it said last week. Theminer...
Mining Sep 26, 2017 Rapaport News
Lucara Karowe sorters 600
Lucara Supports Botswana’s Rough-Buying Bid
Lucara Diamond Corp., which discovered the 1,109-carat LesediLa Rona almost two years ago, said a proposed law giving the Botswanagovernment priority to buy large rough diamonds would not affect the company.A draft...
Mining Sep 25, 2017 Rapaport News
Dominion Jay project
Washington Nears Dominion Completion
The Ontario Superior Court of Justice has approved the WashingtonCompanies’ acquisition of Dominion Diamond Corporation, the Canada-based minerreported Friday.The deal’s completion still depends on Dominion holding atleast $150 million in cash if the closing occurs...
Mining Sep 25, 2017 Rapaport News
De Beers empowers women
De Beers Pledges to Empower Women
De Beers has partnered with the United Nations to support theadvancement of women in the company and across areas of life its operations affect.As a UN Women partner, De Beers has pledged to invest $3million in empowering women in diamond-producing countries,...
Marketing Sep 24, 2017 Rapaport News
Petra Diamonds Koffiefontein mine
Petra Strikes Spread to Koffiefontein Mine
Workers are striking at Petra Diamonds’ Koffiefontein minein South Africa, adding to industrial action already taking place at two of thecompany’s other projects in the country. South Africa’s National Union of Mineworkers informed therough producer of the...
Mining Sep 24, 2017 Rapaport News
Alrosa pink Sept 2017
Alrosa Expects Big Pay Day from Pink Diamond
Alrosa has recovered the largest pink rough diamond in itshistory, and said it could fetch a record selling price for the Russian miner.Alrosa’s United Selling Organization (USO) and polishingdivision Diamonds Alrosa are examining...
Mining Sep 24, 2017 Rapaport News
Gahcho Kue
Average Price Drops at Mountain Province Sale
Mountain Province Diamonds saw the average price of rough atits September sale fall to the lowest level yet, as the tender included anunusually large proportion of small stones and fewer high-end goods.The company sold...
Mining Sep 18, 2017 Rapaport News
Petra Sees Continued Uncertainty at Williamson
Petra Diamonds has resumed operations at its Williamson mine in Tanzania, but remains uncertain when it will be cleared to export goods from the east African nation again. Mining paused for four days last week...
Mining Sep 18, 2017 Rapaport News
Lucapa Lulo Sept-Aug 2017 rough sale
Lulo Rough Sale Brings in $2,300/ct.
Lucapa Diamond Company sold $7.4 million (AUD 9.2 million)of rough diamonds at a tender of goods from its Lulo deposit in Angola, theminer said Friday. The sale of 3,214 carats fetched an average price of $2,298per carat,...
Mining Sep 11, 2017 Rapaport News
Alrosa rough diamond sorting
Alrosa Garners $258M in Slow August
Alrosa’s sales rose to almost $258 million in August, but theminer said the month was seasonally quiet.Rough-diamond revenue increased 5% to $255.7 million, whilesales of polished stood at $1.9 million versus the $6.3 million the company...
Mining Sep 10, 2017 Rapaport News
De Beers Jwaneng mine
De Beers August Sales Fall to $505M
De Beers’ rough-diamond sales declined in its August sightas the relatively early date of Diwali this year moved demand up to theprevious sale.Proceeds from the miner’s seventh sales cycle fell 12% to$505 million from the...
Rough Markets Sep 05, 2017 Rapaport News
Sergey Ivanov
Alrosa Chief Joins DPA Board
Alrosa president Sergey Ivanov has joined the board of theDiamond Producers Association (DPA), the Russian miner said Monday.Ivanov will join CEOs and other senior executives from majordiamond-mining companies on the board, taking...
Marketing Sep 04, 2017 Rapaport News
ALROSA's Udachniy mine
Stronger Ruble Dents Alrosa Results
Alrosa’s profit and sales fell in the first half due tolower average rough-diamond prices and a strengthening of the Russian ruble.Revenue slid 17% to $2.7 billion (RUB 155.55 billion), whileprofit fell 46% to $847.7 million,...
Mining Sep 04, 2017 Rapaport News
Lukoil Diamond Revenue Down After Mine Sale
Lukoil’s diamond sales dropped in both thesecond quarter and first half due to the sale of its sole diamond-producingasset in May, the oil producer reported Tuesday.The company’s diamond revenue came to $17 million(RUB 1 billion) for...
Mining Aug 30, 2017 Rapaport News
Alrosa Mir mine
Alrosa Calls Off Mir Rescue, Declares Eight Dead
Alrosa has called off a search for eightworkers at its Mir deposit in Yakutia, three weeks after the underground portion of the mine flooded.The danger of a sudden rush of water into themine shaft makes the rescue...
Mining Aug 27, 2017 Rapaport News
Evgeny Agureev Alrosa
Alrosa Names Sberbank VP as Sales Head
Alrosa has put veteran banker Evgeny Agureev in charge ofits sales division ahead of the miner’s new contract period forrough-diamond buyers, it said Wednesday.Agureev (pictured) will be the director of the United SellingOrganization (USO), Alrosa’s...
Rough Markets Aug 24, 2017 Rapaport News
Botswana Orapa Debswana De Beers mine
Botswana Rough Exports Drop
Botswana’s rough-diamond exports declined 9% year on year in the first half, according to data the Bank of Botswanareleased recently. Exports grew 3% year on year to $849.6 million in the firstquarter, but fell 18% to $804.1 million in the second...
Rough Markets Aug 21, 2017 Rapaport News
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