Category: Diamond

Canada’s Lucara Diamond (TSX: LUC) has found an unbroken 341-carat white gem-quality rock at its prolific Karowe mine in Botswana, with analysts estimating it could fetch more than $10 million. The Vancouver-based miner said the diamond was recovered over the Christmas period from milling of ore coming from the south western quadrant of Karowe’s South Lobe. The diamond is the 54th stone over 200 carats recovered at Karowe since it began commercial operations in 2012. The find builds on previous historic recoveries which include the 342-carat Queen of the Kalahari, the 549-carat Sethunya, the 1,109-carat… Read More Here

ASX-listed Lucapa Diamond Company and its partners have recovered a 113 carat diamond from its Lulo alluvial mine in Angola. This is the 17th +100 carat white diamond recovered by Sociedade Mineria Do Lulo (SML) from Lulo. The 113 carat gem-quality white stone is the 1st +100 ct diamond recovered from Mining Block 46, immediately downstream of the Canguige river. It is particularly significant, as it shows that these large and high-value diamonds continue to occur right up to the current focus area of our kimberlite exploration program. This recovery… Read More Here

UK-based BlueRock Diamonds said a planned expansion of processing facilities at its Kareevlei Diamond project in South Africa, which aims to raise capacity by 75%, will be complete early next year. The crushing circuit at the mine, located in the country’s Kimberley region, will be completed by the end of 2020 and the expansion commissioned in early January 2021, said the company. The expansion will help rise processing guidance for the first quarter to 130,000 tonnes, a 75% increase on the first quarter last year of 74,000 tonnes. BlueRock executive chairman, Mike Houston… Read More Here

Australia’s Lucapa Diamond (ASX:LOM) said on Thursday it had recovered a 101-carat white diamond from its 70%-owned Mothae mine in Lesotho, Africa. The company said the recovery of the D-colour, Type IIa white diamond was yet a further reinforcement of the quality and capacity of the asset. With the find, diamonds over 100 carats unearthed at the southern lobe of the mine totalled four. THE MOTHAE MINE TURNED OUT TO HOLD 280% MORE RESOURCES THAN ORIGINALLY ESTIMATED “The recovery of this exceptional 101 carat diamond brings a positive end to 2020 for Mothae and… Read More Here

TSXV-listed Metalex Ventures has agreed to acquire a promising diamond exploration project in South Africa’s Northern Cape. Metalex has reached an agreement to acquire an interest in the 3 373 ha Viljoenshof prospecting license from Invest in Property 126 (IIP). The license area, within 30 km of the famous Kimberley Diamond Mines, is last known to have been explored by De Beers in the 1960’s, with two kimberlite pipes, two kimberlite dykes and two kimberlites of unknown type discovered. De Beers unsuccessfully applied for the exploration license over this area again in… Read More Here

De Beers Group announced on Wednesday that sales of rough diamonds rose more than 12% in the latest sales cycle, as demand improves on the back of easing covid-19 restrictions and ahead of the holyday season. Sales of $450 million between Nov. 2 and Nov. 16 was higher than the $400 million a year earlier, but declined from the $467 million in the eighth cycle between Sept. 21 and Oct. 9. “Steady demand for rough diamonds continued in the ninth sales cycle of the year, reflecting stable consumer demand for diamond jewellery… Read More Here