December 19, 2019

Zambia drops 15% export tax on gemstones

The levy on gemstones, excluding diamonds, was meant to increase the country's revenues, but ended up hitting output.

December 19, 2019

Lucara Diamond’s sales beat expectations in fresh sign of market improvement

Average price per carat was $548, 16% more than expected and about 40% higher than the average price achieved in the previous quarter.

December 18, 2019

De Beers final diamond sale of the year gives some hope to depressed market

It fetched $425 million for its diamond in December, a slight improvement from the $400 million it obtained in the previous sale.

December 17, 2019

Petra Diamonds finds founder Pouroulis’ successor

Adonis Pouroulis, who founded Petra in 1997 and has been its chairman ever since, will leave the company on March 31.

December 16, 2019

Alrosa, Everledger launch e-commerce platform for diamond tracking

Consumers will be offered transparency regarding the origin of their diamonds.

December 16, 2019

Russia seeks to lift ban on ‘blood diamonds’ from African ally

The Central African Republic should be granted a “road map” outlining the steps it needs to take to get the ban on diamond sales lifted, says Moscow.

December 11, 2019

Diamond crisis to last another year

The glut that’s depressing the diamond market will last another year, according to industry consultant Bain.

December 11, 2019

Alrosa to mine first diamonds from Angola in mid-2020

The Russian miner and its local partner, Catoca Mining, say Luaxe could produce 1 million carats, worth $90 million, next year.

December 10, 2019

Petra Diamonds restarts South African mines

Mines across South Africa have shut down after flash flooding triggered the most severe power blackouts in more than a decade.

December 10, 2019

ICMM updates mine-community relations guide to reflect investors’ pressure

Improved guidance integrates the eight effectiveness criteria of the UN Guiding Principles on Business and Human Rights.