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Category: Diamonds

Diamonds Local News

ENDIAMA Engages in Capital Markets and Pension Funds Workshop

ENDIAMA is continuing its commitment to training human capital in order to better respond to the challenges of the present and the future, said  recently in Luanda the executive director for Mining Operations, Administration and Human Resources of the country’s second largest company. Domingos Margarida was speaking during the 2nd edition of the workshop on Capital Markets, Insurance and Pension Funds, aimed at ENDIAMA- E.P. employees and collaborators, organized by the Capital Markets Commission, in

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Diamonds Mining News

Lucapa Stays Committed to Full-Year Targets Amidst Persistent Market Headwinds

The ASX-listed diamond miner and explorer, Lucapa Diamond Company, has maintained its production guidance for its Lulo and Mothae mines for the full year. Reporting on the company’s performance in the third quarter, which ended on September 30, Managing Director (MD) Nick Selby said that Lucapa’s 70%-owned Mothae mine, located in Lesotho, continued to perform strongly and had “a very positive quarter.” Mothae delivered 9,010 carats of diamonds in the third quarter, marking a 19%

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Diamonds Economy International News

Unearthing Ancient Diamonds Unveils Secrets of Continental Drift

New insights into the processes of continental evolution and movement during the early stages of complex life on Earth have been revealed by the examination of ancient, superdeep diamonds that were excavated from mines in Brazil and Western Africa. An international team of experts examined these diamonds, which are believed to have originated on the base of the supercontinent Gondwana between 650 million and 450 million years ago. Their analysis has provided insight into the

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Diamonds International News

Rio launches exlusive Diamond tender

Major Rio Tinto has launched a new exclusive sales event for some of the diamonds recovered from its Australian and Canadian mines. Known as The Beyond Rare tender, the inaugural collection showcases 48 lots of exceptional polished diamonds, including legacy inventory of pink and red diamonds from the Argyle diamond mine and yellow diamonds from Rio Tinto’s Diavik diamond mine. “The Beyond Rare tender is a new chapter for Rio Tinto’s diamonds business, and a

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Diamonds International Mining News

Zimbabwe Emerges as a Top 7 Global Diamond Producer

Zimbabwe, a country known for its rich mineral resources, has once again made its mark on the global stage by ranking as the 7th largest diamond producer in the world. This remarkable achievement underscores the significant role that Zimbabwe plays in the global diamond industry and the potential for economic growth and development in the region. In this article, we will explore the factors that have contributed to Zimbabwe’s rise in the ranks of diamond

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Diamonds Economy Local News

Challenging Year for Angolan Diamonds as Indian Market Remains Closed

The Chairman of the Board of Directors of Endiama, Angola’s national diamond company, has expressed concerns over the challenging year expected for the country’s diamond industry in 2023. The primary reason is the closure of the Indian market, which traditionally receives over 90% of Angola’s diamond production. This market closure is anticipated to last until December. José Ganga Júnior, the Chairman, acknowledged the difficulties faced by the diamond sector in Angola, stating that companies are

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Diamonds Local News

LULO DIAMONDS FETCH US$15.7M AT TENDER

Lucapa Diamond Company Limited (ASX:LOM) (“Lucapa” or the “Company”) and its Lulo Alluvial Diamond Mine partners, Endiama and Rosas & Petalas are pleased to announce the results of the recent exceptional stone tender which attracted US$15.7 million (A$24.5 million) for seven Lulo diamonds.A total of 534.9 carats were sold by tender achieving an average price per carat of US$29,401. The tender was conducted by Sodiam E.P. in Luanda, Angola.Of the seven exceptional diamonds sold in

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Diamonds Economy Local Mining News

Lucapa Celebrates a Highly Profitable Diamond Tender Event

Diamond miner Lucapa Diamond Company has announced revenues of A$15.7 million from the sale of seven exceptional diamonds from its Lulo operation, in Angola. The company sold 534.9 carats by tender, achieving an average price of $29,401 per carat. Of the seven diamonds sold during the tender, the 180-carat Type II white diamond recovered in June this year, and a 66-carat pink diamond, attracted the highest prices per tonne. “This tender demonstrates that the weakness

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Diamonds Economy Local Mining News

National Diamond Auction Yields 22 Million Dollars for SODIAM

The National Diamond Trading Company of Angola (SODIAM) announced that it raised 22 million dollars from the auction sale of 1,329.89 carats of rough diamonds on Thursday, October 12, 2023. This was the 7th diamond auction held in Luanda and included special stones from mining companies such as Lulo, Kaixepa, Somiluana, Catoca, and Luele, according to a statement from Sodiam sent to Lusa. The most valuable diamonds came from the Lulo mine and yielded nearly

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Diamonds International

De Beers suspends Online tenders as Diamond sales fall to $200m

DE BEERS will suspend online rough diamond sales and plough $20m into marketing gems ahead of the critical year-end buying season. The Anglo American-controlled firm also said it had reduced its rough diamond availability amid a 61% year-on-year decline in rough diamond sales for the eighth cycle which came in at $200m (2022: $508m). Sales in the seventh cycle totalled $370m. Commenting on its decision to suspend online sales, De Beers CEO Al Cook said

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