The technology, which De Beers began developing last year, allows tracing each diamond throughout the entire value chain - from mine to buyer. It would make of the company an industry leader in terms of ensuring both that gems don't come from war zones where they could be used to finance violence,
It sounds like the start of a James Bond feature: A 910-carat diamond has been discovered in a mine in the African country of Lesotho. The find is the fifth-largest gem-quality diamond ever discovered. Gem Diamonds Limited, a mining company that operates in Lesotho and Botswana, announced the find
Roughly the size of a tennis ball, the diamond is estimated to be worth $40 million. Gem Diamonds Limited said in a statement the company had recovered an exceptional quality 910 carat, D colour Type IIa diamond from the Let??eng mine in Lesotho. This type of diamond constitutes 1 to 2 percent of all
A 910-carat diamond thought to be the fifth largest in the world has been found in the small southern African nation of Lesotho, diamond mining company Gem Diamonds said on Monday. The diamond miner uncovered the D-color stone at the Letseng mine and described the 910-carat diamond as being of
The diamond sector is targeting to produce a combined output of 4,6 million carats in 2018 after setting aside an investment envelope of $130 million in an effort to increase production. The target comes at a time when the country's biggest diamond company, the Zimbabwe Consolidated Diamond Mining
(IDEX Online) - The Diamond Development Initiative (DDI) is marking 10 years of efforts to transform artisanal diamond mining into an economically viable, socially and environmentally responsible activity to benefit miners, their communities and their governments, and consequently, the diamond and
Cape Town - A 910 carat gem diamond has been recovered in a Lesotho mine - the fifth largest gem quality diamond ever found. This is according to a statement from Gem Diamonds, a British-based diamond company listed on the London Stock Exchange. It has operations in both Botswana, where it owns
Let??eng is highest dollar per carat kimberlite diamond mine in the world. The diamond, the largest recovered from Let??eng, is believed to be the fifth largest gem quality diamond ever recovered. "Since Gem Diamonds acquired Let??eng in 2006, the mine has produced some of the world's most remarkable
HARARE - Diamonds worth millions of dollars are due to be put on sale next month, the first auction after the Zimbabwe Consolidated Diamond Company (ZCDC) started operations. Mines and Mining Development minister Winston Chitando confirmed the sale but declined to disclose the quantities
Russian miner Alrosa (MCX:ALRS), the world's top diamond producer by output, received Friday approval from Angolan President Joao Louren??o to expand its stake in local producer Catoca. The deal, worth $70 million, gives Alrosa a further 8.2% stake in Catoca Mining, providing the diamond giant with
The bill has important changes and introduction of important institutions which are not provided for in the 2005 but it has a major setback in that it presupposes that investors, especially in diamond mining, will come to Lesotho without a pivotal part being played by the local private sector. The good changes
LONGUEUIL, Quebec, Jan. 11, 2018 (GLOBE NEWSWIRE) -- Stornoway Diamond Corporation (TSX:SWY) (the "Corporation" or "Stornoway") is pleased to provide production and sales results at the Renard Diamond Mine for the quarter and year ended December 31, 2017. Highlights are as follows: (All quoted figures in
Any breakthrough at Brooking could be significant for WA's diamond industry, given Ellendale was shut in 2015 and Rio Tinto's big but ageing Argyle mine is set to close in three years. Ellendale has had a chequered recent history. Gem Diamonds sold the mine to Russian-born investor Alex Alexander in
In a letter to Mnangagwa dated January 4, Kurotwi reiterated his claims that due to his refusal to give Mpofu a $10 million bribe, he was forced out of diamond mining fields in Chiadzwa and lost $3,6 million cash, 1,4 million carats of diamonds and mining equipment worth $14 million which he had invested
The Canadian-based non-profit organisation IMPACT, has announced its exist from the conflict diamond certification scheme known as the Kimberley Process (KP). The announcement came at the end of the Kimberley Process Plenary held in Brisbane from 9-14 December 2017, during which members
Since acquiring Let??eng in 2006, Gem Diamonds has found four of the 20 largest white gem quality diamonds ever recovered, which makes the mine the world's highest dollar per carat kimberlite diamond operation. At an average elevation of 3,100 metres (10,000 feet) above sea level, Let??eng is also one
Diamond prices are on the rise in 2018, which will bring economic growth to the mines in the Northwest Territories, according to an analyst.
JOHANNESBURG (miningweekly.com) - The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and
The Lulo diamond mine is continuing to yield large diamonds, with Lucapa Diamond Company reporting on Monday that it had recovered its ninth 100-ct-plus diamond at the Angola mine. The ASX-listed company, which mines Lulo with partners Endiama and Rosas and Petalas, reported the discovery of a
ZCDC is also transforming to conglomerate diamond mining by the first quarter in line with the new political dispensation 100 day quick win targets. Zimbabwe's diamond industry is working with Botswana to benchmark best practices and diamond mining technology systems. Join Bulawayo24 Online