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Category: Diamonds

Diamonds Economy

DRC’s Diamond Exports Reach $145.9 Million by the End of 2022

Diamond exports from the Democratic Republic of Congo (DRC) generated over $145.9 million in revenue throughout 2022, according to statistical data published by the Ministry of Mines. The 2022 annual report reveals that diamond exports to the Democratic Republic of Congo amounted to 11,683,439.31 carats. Artisanal production dominated diamond production in the country during the analyzed period, accounting for more than 7,353,996.44 carats and generating a total of $83.7 million. When examining artisanal diamond mining

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Diamonds Economy International News

Botswana Demands Bigger Diamond Profits in De Beers Renewal Talks

President Mokgweetsi Masisi of Botswana has again taken aim at the longstanding partnership with diamond giant De Beers, launching a scathing attack and vowing not to settle for anything less than an improved agreement. The current deal, set to expire next month, grants Botswana a 25% share of rough diamonds mined under the partnership, while De Beers retains the majority. Negotiations for a pact renewal are underway, with Botswana pushing for a higher stake in

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Diamonds Mining

Information Portal Launched to Promote Diamond Mining Activities

The diamond market now has a new information portal called “Diamond Impact,” which was launched yesterday with the aim of disseminating social activities carried out by companies in the sector for the benefit of communities. This was launched on Wednesday in Luanda and is managed by the Bumbar Mining Group, a company specializing in industry affairs. The platform provides digital, print, and multimedia information, showcasing community sustainability projects in diamond mining areas for the benefit

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Diamonds International

Diamond sorting facility revealed in Johannesburg

De Beers Sightholder Sales South Africa (DBSSSA) has unveiled its new rough diamond sorting, valuation and sales facility in Johannesburg. De Beers Group announced in January 2023 that it was relocating its Sightholder Sales activities in South Africa from Kimberley to Johannesburg following a review of its sorting activities in South Africa. The relocation supports the government’s strategy to consolidate the country’s mineral beneficiation sector into one area at the Gauteng Industrial Development Zone. The relocation

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Diamonds Economy Mining

Mineral Society of Lulo intensifies prospecting actions.

The Lulo Mining Society, which operates in the municipality of Capenda-Camulemba, Lunda-Norte province, wants to make new investments to intensify prospecting work in order to confirm the geological and mining potential of the known concession to extract rare and high-value diamonds. In statements recently given to the Public Television of Angola (TPA), on the sidelines of the delivery of means of transportation to the traditional authorities of the Xinge commune in Capenda-Camulemba, as part of

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Diamonds Economy Local News

SODIAM raises US$21.7 million in sixth Diamond auction

Angola’s National Diamond Trading Company (SODIAM) raised US$21.7 million from the sale of 1,206.91 carats in the sixth rough diamond special stone auction held in Luanda. The company stated that the special rough diamond stones come from Sociedades Mineiras do Catota, Chitotolo, Kaixepa, Lulo, Luminas, Lunhinga, Uari, and Cooperativa Moquita in an online statement. “Despite the current market situation, characterized by high stocks of polished diamonds and a shortage of liquidity, the total net value

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Diamonds Local News

SODIAM auctions 36 special diamond stones

SODIAM is going to hold an electronic auction on May 19th, to sale 36 special diamond stones to the registered national and international buyers. According to a press release from SODIAM-E.P., viewing sessions will take place from 8th to 18th of May, at the company’s offices in Luanda, and the bidding process, which will be carried out only electronically, closes at 10am of May 19th. The document also explains that the auction is directed to

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Diamonds International News

Diavik diamond mine: Rio Tinto celebrates 20 years of production

Rio Tinto is celebrating 20 years of production from its Diavik diamond mine in the Northwest Territories of Canada. The Diavik diamond deposit was discovered in the 1990s as part of the largest mineral prospecting rush in Canadian history. Commercial production at Diavik began in 2003, and since then Diavik has produced over 140 million carats of rough diamonds through a combination of surface and underground mining. The Diavik production comprises predominantly white gem-quality diamonds

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Diamonds Economy Local News

Cutting and polish Diamond with exceptional measures on VAT

The investors of cutting and polish diamond in Angola said they are pleased with the announcement of exceptional measures to be implemented by the Ministry of Mineral Resources, Oil and Gas, in order to reduce Value Added Tax. According to Brás da Silva, representative of the Minas Raras company, the decision will ease the burden and boost the investment of factories and investors in the cutting and polish diamond area and, in the future, in

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Diamonds International News

De Beers Group and GIA boost consumer confidence in natural diamonds

GIA, (Gemological Institute of America) will join Tracr, the world’s only distributed diamond blockchain platform that starts at the source of natural diamonds. GIA’s participation in Tracr will see the world’s leading diamond grading laboratory include an immutable record of the provenance of polished natural diamonds in its diamond grading reports for the first time as the industry continues to progress towards a unified approach for provenance assurance. Consumers purchasing a diamond traced from the

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