Diamond - Copperbelt Katanga Mining

SACIM Completes First Antwerp Diamond Sale in Over a Decade

February 27, 2026February 27, 2026 Constance0 comment

SACIM Sells 288,000 Carats in Antwerp as Congolese Industrial Diamonds Return to Open Market The Société Anhui Congo d’Investissement Minier (SACIM) has completed its first public sale of industrial diamonds in Antwerp, Belgium, totalling 288,000 carats. The transaction, held from 16 to 20 February 2026, marks a significant step in re-establishing the company’s presence on the international open market. The sale was conducted with technical coordination from Samir Gems and the Antwerp World Diamond Centre (AWDC). A total of 67 international companies participated, including buyers from China, India, the United… Read More Here

Diamond International

Okavango Diamond Company Expands Contract Sales to Stabilise Revenues

February 16, 2026February 16, 2026 Constance0 comment

Botswana’s Okavango Diamond Company Targets 50% Contract Sales to Navigate Weak Diamond Market Botswana’s state-owned Okavango Diamond Company (ODC) plans to increase the proportion of rough diamonds sold through long-term contracts in response to a depressed global diamond market, Acting Managing Director Lipalese Makepe said on Wednesday. Contract sales offer greater predictability than auctions and tenders, which are highly competitive and can result in price volatility. The shift comes amid surplus supply, weakening consumer demand and the growing popularity of lab grown diamonds, all of which have pressured rough diamond… Read More Here

International Corporate News Diamond

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

February 8, 2026February 8, 2026 Constance0 comment

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the average price per carat, which fell from $1,390 in 2024 to $1,105 in 2025. Exceptional… Read More Here

International Angola Diamond

GIA Explores Certification Partnership for Angolan Diamonds

January 27, 2026January 27, 2026 Constance

GIA Eyes Certification of Angolan Diamonds as U.S. Interest in Angola’s Diamond Sector Grows Angola’s diamond industry is attracting growing interest from the United States, with the Gemological Institute of America (GIA) signalling its intention to collaborate on the certification of diamonds produced in the country. The initiative could strengthen Angola’s position in the global diamond market while supporting local economic development. During a visit to diamond sector infrastructure in Lunda Sul Province, a GIA delegation expressed interest in working with Angolan authorities to certify “diamonds made in Angola.” The… Read More Here

Diamond Angola International

Angola’s Polished Diamond Exports Surge in 2025 Despite Global Price Pressures

January 26, 2026January 26, 2026 Constance

Angola Polished Diamond Exports More Than Double in 2025 as Volumes and Revenues Rise Angola’s polished diamond exports more than doubled in 2025, recording strong growth in both volumes and total export value despite a decline in average prices, according to a statement released by the country’s national diamond trading company, Sodiam, on January 26. Sodiam reported that between January 1 and December 31, 2025, Angola exported 23,300 carats of polished diamonds at an average price of $4,705.74 per carat, generating total export revenues of $109.7 million. Compared with the… Read More Here

International Diamond Exploration Gold New Mining Projects

Botswana Diamonds Secures New Licences to Expand into Copper and Gold Exploration

January 26, 2026January 26, 2026 Constance

Botswana Diamonds Enters Copper and Gold Exploration with 7,000 km² of New Licences in Botswana AIM- and BSE-listed Botswana Diamonds has announced the award of eight prospecting licences covering approximately 7,000 km² in north-western Botswana, marking a potential entry into the copper and gold sectors. The licences, which are valid until December 31, 2028, were selected following an extensive AI-driven assessment of the company’s Botswana-focused exploration database, which spans about 95,000 km². The analysis incorporated a large body of geophysical survey data and identified strong prospectivity for copper, with additional… Read More Here

International Corporate News Diamond

Rare 42-Carat Blue Diamond Discovered at South Africa’s Cullinan Mine

January 18, 2026January 18, 2026 Constance

Cullinan Mine Unveils 42-Carat Type IIb Blue Diamond Valued at $40 Million A rare blue diamond weighing 41.82 carats has been discovered at South Africa’s historic Cullinan Mine, reinforcing the site’s reputation for producing some of the world’s most exceptional coloured diamonds. Industry experts estimate the stone could fetch $30–$40 million at auction. Petra Diamonds, which operates the mine approximately 20 miles east of Pretoria, described the find as a “type IIb blue diamond of seemingly exceptional quality in terms of both colour and clarity.” Specialists are still assessing the… Read More Here

Diamond Corporate News International

De Beers Draws Global Interest as Anglo American Moves to Sell Stake

January 11, 2026January 11, 2026 Constance

De Beers Attracts Interest from African Governments and Investors as Anglo American Plans Exit De Beers has attracted interest from multiple business groups and African governments as its parent company, Anglo American, prepares to divest its majority stake in the diamond producer, according to De Beers Chief Executive Officer Al Cook. Cook said that several major diamond-producing nations, including Botswana, Angola and Namibia, have expressed interest in acquiring equity in De Beers, alongside a number of business-led investor groups. He declined to comment on the status of discussions or identify… Read More Here

International Corporate News Diamond

Lucara Awards Key Lateral Development Contract for Botswana’s Karowe Underground Project

December 3, 2025December 3, 2025 Constance

Lucara Diamond Corp Selects Group R for Major Lateral Development Works at Karowe Underground Mine in Botswana Canada-headquartered Lucara Diamond Corporation has awarded the lateral development contract for its Karowe Underground Project (UGP) in Botswana to Group R Mining and Exploration Botswana. The contract covers all underground lateral development linking the production and ventilation shafts to the orebody. This includes construction of the extraction level, underground crushing chamber, fine ore bins, pump stations with vertical dams, drilling horizons, workshops, and all necessary connecting infrastructure to advance development toward the kimberlite.… Read More Here

Corporate News Diamond International Mining Personality

Petra Diamonds Confirms New Leadership Team and Board Restructuring After 2025 AGM

November 30, 2025December 1, 2025 Constance

Petra Diamonds Appoints Permanent Joint CEOs and Strengthens Board Following Annual Meeting London-listed Petra Diamonds has announced a refreshed leadership structure and several board changes following its Annual General Meeting held on November 27. The company confirmed the appointment of Vivek Gadodia and Juan Kemp as permanent joint CEOs, solidifying the roles they have held in an interim capacity since February. Under the new structure, Gadodia will continue to lead Petra’s corporate functions, while Kemp will oversee operational activities across the business. Shareholders also approved the appointment of Kushal Kumar… Read More Here