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Category: Diamond

Gem diamonds Diamond Covid-19 International 

Gem Diamonds to restart Letšeng mine despite lockdown

arnbethnic
Gem Diamonds (LON:GEMD) said on Friday that the government of Lesotho has allowed it to resume operations at its Letšeng mine, even though the country is in lockdown until May 5.  Letšeng is the world’s highest dollar per carat diamond mine. (Image from: Gem Diamonds’ presentation.) The Africa-focused diamond producer noted that the mine will reopen on April 27, following a phased ramp-up plan and in compliance with protocols for preventing the spread of covid-19. LESOTHO’S MINE WILL REOPEN ON APRIL 27, FOLLOWING A PHASED RAMP-UP PLAN, IN COMPLIANCE WITH PROTOCOLS FOR PREVENTING THE… Read More Here
Global Diamond Mining Industry | The Way Forward 2020 1 Diamond Gemstones Global markets International Mining in DRC 

Global Diamond Mining Industry | The Way Forward 2020

arnbethnic
  Alrosa and DeBeers are the two companies that share half of the world’s diamond supply.     Whether you have ever owned an actual piece of diamond jewelry or not, you have probably heard about the dark history of the diamond trade. The concept of a blood diamond came from different parts of the African continent where diamond mining companies were exploiting workers and entire communities for profit. People have been suffering in gruesome conditions, and human rights organizations are still in the fight to end this issue.   While… Read More Here
De Beers diamond buyers locked out in Botswana travel ban 2 Diamond 

De Beers diamond buyers locked out in Botswana travel ban

Copperbelt Katanga News
De Beers, already grappling with a prolonged industry crisis created  by the coronavirus outbreak, now has another headache to contend with: how to conduct diamond sales when key customers are blocked from traveling? Botswana, where De Beers conducts its 10 sales each year, on Monday announced a travel ban on 18 high-risk countries as part of an array of measures to protect itself from the pandemic. The list included Belgium, India and China, which are home to many of the world’s leading diamond dealers. Botswana is the second-biggest diamond producer,… Read More Here
Lucapa’s Lulo Mine Resource Carats Up to 25% 3 Diamond 

Lucapa’s Lulo Mine Resource Carats Up to 25%

Copperbelt Katanga News
Lucapa Diamond and partners Endiama and Rosas & Petalas announced on Monday an increase in the Lulo diamond mine reserve in Angola by 25% to 100,700 carats. The miner said the total was more than five times Lulo’s 19,000 carat production in 2019, the fifth consecutive year of commercial alluvial land production. The estimate also assumes that the average dollar per carat value for Lulo diamonds is $ 1,620, an increase of 14% over the previously modeled estimate of $ 1,420 per carat. Total Lulo diamond sales to date have… Read More Here
Gem diamonds Diamond 

Coronavirus hits DeBeers sales

Copperbelt Katanga News
Just when the diamond market was beginning to show signs of recovery, De Beers, the world’s largest producer by value, revealed that the outbreak of the Covid-19 coronavirus had affected its sale of roughs in February, which dropped by 36% from January. The company sold $355 million of rough diamonds in the second cycle of the year compared with $551 million for the first cycle of the year, as it deferred allocations due to the virus impact on Chinese focused customers. The figure was 28% lower than sales in the same… Read More Here
Angolan diamond production up, but revenues increase at significantly slower rate 4 Diamond 

Angolan diamond production up, but revenues increase at significantly slower rate

Copperbelt Katanga News
  Angola sold just over 9.44 million carats of diamonds last year and earned $ 1.299 billion, Angola’s National Diamond Commercialization Company (Empress Nacional de Comercialização de Angola) – better known as Sodiam – reported. This corresponds to an increase in production compared to the previous year by 12.3% and sales by 6.2%. At the presentation of these figures in Luanda, the Angolan State Secretary for Geology and Mining, Jânio Correia Victor, described them as “satisfactory results”. He explained the smaller increase in sales compared to the increase in production… Read More Here
Botswana seeks new De Beers diamond sales deal by end of April 5 Diamond 

Botswana seeks new De Beers diamond sales deal by end of April

Copperbelt Katanga News
  Botswana plans to conclude negotiations with De Beers on a diamond sales agreement by the end of April to replace the current ten-year deal that expired in January. The government wants to see more gems cut and polished within the borders of the world’s second-biggest  diamond producer, creating jobs and boosting the state coffers, according to  Lefoko Moagi, the minister of mineral resources, green technology and energy security. An agreement is crucial for both parties. Botswana accounts for more than two-thirds of De Beers’ production, while the country relies… Read More Here
Endiama searching for partners to make Angola top diamond producer 6 Diamond 

Endiama searching for partners to make Angola top diamond producer

Copperbelt Katanga News
In preparation for its initial public offering in 2022 , which will involve a 30% stake in the company , Angola’s state-owned miner Endiama  is looking for partners “with financial and technical abilities” to increase the country’s diamond production. this was  According to an interview  by José Manuel Ganga Junior, head of the Endiama group that controls diamond mining concessions in Angola, to the Financial Times. In his comments, Ganga Junior said that Angola wants to move up from its spot as the world’s seventh-biggest diamond producer to reach the… Read More Here

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