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Category: Diamonds

Diamonds Corporate News International

Lucara Sells Clara Diamond Platform to Founders for $3 Million

Lucara Diamond Corp (TSX: LUC) has sold its 100% stake in the Clara rough diamond sales platform to its original founders, a group led by the HRA Group of Companies and company founder Eira Thomas. Clara is a digital marketplace that revolutionizes rough diamond sales, leveraging technology to connect buyers and sellers while enhancing transparency and trust. The platform integrates provenance and traceability services for individual rough diamonds, addressing the industry’s growing need for improved

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Local Corporate News Diamonds News

TAGS and Sodiam Sell $12.9M in Rough Diamonds at Angola Tender

Trans Atlantic Gem Sales (TAGS) and Angola’s state-owned Sodiam sold $12.9 million worth of rough diamonds at their third tender of the year. The sale, held in Luanda, featured 44 diamonds over 10.8 carats, including two stones exceeding 175 carats. Of the 44 stones offered, 42 were sold. Despite a challenging global diamond market, 38 international manufacturing firms participated in the tender. Both TAGS and Sodiam highlighted the benefits of the transparent tender system, which

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Diamonds Corporate News International

De Beers to Provide Country-of-Origin Details for Rough Diamonds Over 1.25 Carats

Starting in 2025, De Beers will provide country-of-origin information for all rough diamonds larger than 1.25 carats sourced from its mines and registered on its Tracr platform. This will extend to diamonds over 1 carat to comply with new Group of Seven (G7) import regulations, the company announced. “For the first time, we can offer customers the provenance of their diamonds at scale,” said De Beers CEO Al Cook. “Our goal is to share the

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Local Diamonds News

Caixa Social de Catoca Headquarters Inaugurated

On October 16, the headquarters of Caixa Social de Catoca was inaugurated, an event attended by representatives from the Ministry of Mineral Resources, Oil and Gas, Endiama EP, senior management of Sociedade Mineira de Catoca, as well as individuals from the diamond subsector and other guests. The Social Fund of Catoca will serve as a complementary social protection mechanism aimed at addressing the most pressing needs of workers and former employees, particularly in areas related

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Diamonds International News

De Beers’ GemFair Program Reaches 10,000th Diamond Milestone

De Beers Group’s GemFair program has achieved a significant milestone by purchasing its 10,000th diamond since its inception in 2018. The program focuses on responsible sourcing within the artisanal and small-scale diamond mining sector, supporting the formalization of the industry by improving standards, ensuring fair value, and providing secure routes to market for ethically sourced diamonds. Since launching, GemFair has expanded from 14 participating mine sites to over 400, collectively supporting more than 6,000 jobs.

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International Diamonds News

Botswana Diamonds Secures Permit for Kimberlite Exploration in Marsfontein

Botswana Diamonds has obtained a prospecting permit covering five kimberlite bodies in the Marsfontein region of South Africa, known to contain diamonds. This 900.67-hectare permit surrounds the historic Marsfontein diamond mine. The permit includes kimberlites M2, M3, M7, M8, and M9 and is adjacent to the company’s Thorny River properties in Limpopo province. The main focus is on the M3 kimberlite, which has a strike length of 100 meters and widths exceeding 10 meters in

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Diamonds Local News

Angola to Auction 44 Special Diamonds in Online Bidding Event

Angola’s state-owned diamond marketing company, Sodiam, announced the electronic auction of 44 special diamonds, each weighing approximately 10.80 carats. The evaluation sessions will take place from October 7th to 16th, with bidding set to close at 10:00 am local time on the final day. According to Sodiam’s statement, the auction is being organized in collaboration with Trans Atlantic Gem Sales and is open to customers in Sodiam’s database with expertise in trading special stones. Viewing

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Diamonds Local News

Angola Faces Challenges with Diamond Clients Due to Russian Ties

Angola’s state-owned diamond producer, Endiama, acknowledged that some clients are hesitant to engage due to its partnership with Russia’s Alrosa PJSC. However, the company emphasized that its diamond production is not subject to Western sanctions. Alrosa, the Russian diamond giant, holds a 41% stake in Angola’s Catoca mine and a controlling interest in the Luele mine. Endiama Mining SA, which owns the majority shares in both mines, has made recent management changes to strengthen its

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Diamonds International News

Lucara Diamond Sells Clara Digital Sales Platform to Founders for $3 Million

Canada-based Lucara Diamond has sold its 100% interest in the Clara rough diamond sales platform to its original founders, led by the HRA Group of Companies and Lucara’s CEO, Eira Thomas. The Clara platform, a digital marketplace for rough diamonds, is designed to modernize the diamond trading process by connecting buyers and sellers through advanced technology. Clara offers verification technologies that integrate provenance and traceability services, providing greater transparency and trust in transactions of individual

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Diamonds International News

Rio Tinto Unveils 2024 ‘Beyond Rare’ Tender Featuring Historic Argyle Diamonds

Rio Tinto has launched its 2024 ‘Beyond Rare’ tender, the second in its Art Series collection, showcasing 48 exceptional lots of rare diamonds. This year’s collection, titled ‘Colour Awakened,’ features seven historic diamonds from Australia’s now-closed Argyle diamond mine, which operated from 1983 to 2020. The “old masters” consist of seven round brilliant-cut pink and red diamonds, ranging from 0.60 to 2.63 carats. Each was unearthed from the Argyle mine over a decade ago, with

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