You are Here

Category: Diamonds

Diamonds Corporate News International Mining Personality

Akinwumi Adesina to Lead Botswana’s Diamonds for Development Fund

Botswana and De Beers Name Akinwumi Adesina Chair of Diamonds for Development Fund The Government of Botswana and De Beers Group have appointed Dr. Akinwumi Adesina, former President of the African Development Bank (AfDB), as Chairperson of the Diamonds for Development Fund (DDF), a landmark initiative aimed at transforming Botswana’s diamond wealth into long-term economic and social benefits. Dr. Adesina, a globally respected development economist with nearly four decades of experience, served as the eighth

Loading

Read More Here

International Diamonds News

Zimbabwe Aims to Increase Diamond Production Amid Weak Global Prices and Industry Challenges

Zimbabwe Targets 5 Million Carats Diamond Output Despite Global Price Decline and Market Pressures Zimbabwe Consolidated Diamond Company says it plans to raise diamond production to 5 million carats this year, despite continued weakness in global diamond prices and rising competition from synthetic stones. The target represents an increase of about 1.2 million carats compared with production levels in 2025, even as the global diamond industry faces sustained pressure from geopolitical tensions, shifting demand patterns,

Loading

Read More Here

Corporate News Diamonds International

Gem Diamonds Reports $32.1 Million Quarterly Revenue Driven by High-Value Stone Sales

Gem Diamonds Earns $32.1 Million as High-Value Letšeng Diamonds Boost Quarterly Performance Diamond producer Gem Diamonds reported revenue of $32.1 million for the quarter ended March 31, supported by the sale of several large, high-value diamonds recovered from its Letšeng Mine operation in Lesotho. During the quarter, production was largely sourced from the mine’s lower-grade and lower-value main pipe, with a smaller contribution from the higher-grade satellite pipe, in line with the Letšeng mine plan.

Loading

Read More Here

Diamonds Corporate News International

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

Lucara Diamond Strengthens Balance Sheet as Karowe Underground Project Advances Toward 2028 Production Lucara Diamond Corporation has reported a “transformational” first quarter, driven by the successful completion of equity and bond financing for its Karowe underground project (UGP) in Botswana. The funding milestone has significantly strengthened the company’s balance sheet and positioned it for long-term value creation. For the three months ended March 31, Lucara recorded revenue of US$21.8 million, reflecting a higher proportion of

Loading

Read More Here

Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

Petra Diamonds Reviews Capex and Considers Finsch Mine Suspension Amid Weak Diamond Prices and Rising Debt London-listed Petra Diamonds has launched an urgent review of costs and capital expenditure (capex) across its operations as it moves to protect liquidity amid sustained pricing pressure in the global diamond market. The company is also considering suspending further capex at its Finsch mine in South Africa due to escalating cost pressures. In its operational update for the quarter

Loading

Read More Here

Diamonds International Mining Personality

Ronnie VanderLinden Appointed President of World Diamond Council

World Diamond Council Names Ronnie VanderLinden President Amid Natural Diamond Industry Challenges Ronnie VanderLinden has been appointed president of the World Diamond Council (WDC) following the organisation’s 2026 Annual General Meeting held in Antwerp on May 7. Mr VanderLinden succeeds Feriel Zerouki at a time when the global natural diamond industry is facing weaker demand, increasing competition, and fragmented messaging across the sector. In his first remarks as president, Mr VanderLinden stressed the need for

Loading

Read More Here

Diamonds International News

New Study Reveals Deep Mantle Origins of the World’s Rarest Diamonds

Scientists Trace Origin of Rare CLIPPIR Diamonds to Iron-Rich Mantle Zones Deep Beneath Earth’s Surface The formation of the world’s rarest and most valuable gem-quality diamonds known as CLIPPIR diamonds (Cullinan-like, large, inclusion-poor, pure, irregular and resorbed) has long puzzled scientists. A new study led by University of Cape Town (UCT) now provides critical insights into their origin deep within the Earth’s mantle. Conducted by the Kimberlite Research Group (KRG) in the Department of Geological

Loading

Read More Here

Diamonds Local News

Angola Inaugurates New Diamond Processing Plant in Lunda Norte to Boost Output

Angola Opens $9M Diamond Processing Plant in Lunda Norte, Increasing Capacity by 140% The Governor of Lunda Norte, Filomena Miza, has inaugurated a new Recovery and Processing Plant (CRP) at the Chitotolo Mining Company, marking a significant investment in Angola’s diamond sector. The ceremony was attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo, alongside other government and industry officials. Production boost and job creation Miza said the new plant is

Loading

Read More Here

Corporate News Diamonds International

Burgundy Diamond Unit Seeks Insolvency Protection as Market Pressures Mount

Burgundy Diamond Subsidiary Arctic Canadian Files for Insolvency Protection Amid Weak Diamond Demand and Rising Costs ASX-listed Burgundy Diamond Mines has announced that its subsidiary, Arctic Canadian Diamond Company, has filed for insolvency protection under Canada’s Companies’ Creditors Arrangement Act (CCAA) in British Columbia. The Supreme Court of British Columbia has granted the application, allowing Arctic to begin a court-supervised restructuring process. The company will now engage with lenders, creditors, and other stakeholders to explore

Loading

Read More Here

Diamonds Economy Local

Lunda Norte Inaugurates Chitotolo Diamond Plant to Boost Production and Jobs

Angola Opens $9M Chitotolo Processing Plant in Lunda Norte, Raising Diamond Output Capacity by 140% The governor of Lunda Norte, Filomena Miza, has inaugurated the new Recovery and Processing Plant (CRP) of the Chitotolo Mining Company in a ceremony attended by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Pedro Azevedo. The new facility is expected to significantly increase diamond production capacity while creating additional employment opportunities in the province, supporting both local livelihoods

Loading

Read More Here

1 2 3 4 … 69