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Category: Diamond

DRC Exported 11.6M carats of Diamonds Worth $145.9M in 2022. 1 Diamond Mining in DRC 

DRC Exported 11.6M carats of Diamonds Worth $145.9M in 2022.

Constance
The Democratic Republic of Congo (DRC) exported more than 11.6 million carats of diamonds during the year 2022, informs a report from the Ministry of Mines. These exports generated a total amount of 145.9 million US dollars, the same source indicates. Total production in 2022 is 10.255 million carats. Compared to that of the year 2021 which was 12.973 million carats, there is a drop of 2.717 million carats, or 20.94%. Diamond production in the Democratic Republic of Congo (DRC) remains dominated by the artisanal sector with a production of around… Read More Here
Botswana and De Beers clash over Diamond profits and demand for larger share 2 Diamond International 

Botswana and De Beers clash over Diamond profits and demand for larger share

Constance
President Masisi of Botswana warned to end the relationship with South African diamond company, De Beers, if the ongoing sales agreement negotiations do not favor the country. The 2011 sales agreement governing the terms of marketing diamonds produced by Debswana – a 50-50 joint venture between the government and De Beers – expired in 2021. It has been extended by the parties, who cited the coronavirus outbreak as the reason for the delay in concluding negotiations, and will end on June 30, 2023. Speaking at a rally of his ruling… Read More Here
UAE and Belgium Imported 96% of Diamonds from DRC in 2022 3 Mining in DRC Diamond 

UAE and Belgium Imported 96% of Diamonds from DRC in 2022

Constance
During the year 2022, the Democratic Republic of Congo exported 11 million 683 439 carats of diamonds for an estimated value of 145 million 992 914 USD, inform the statistics of the Ministry of Mines. At the forefront of the recipients of the diamond produced in the DRC is the United Arab Emirates in terms of quantity. This country imported in 2022 5 million 846 263 carats of diamonds from the DRC for a value of 67.9 million USD. The second largest importer of Congolese diamonds is Belgium with 5 million… Read More Here
Lucapa 171 carat diamond Diamond Mining in DRC 

Diamond Exports from the DRC Generate 145 Million USD in 2022

Constance
During the year 2022, the Democratic Republic of Congo exported 11 million 683 439 carats of diamonds for an estimated value of 145 million 992 914 USD, inform the statistics of the Ministry of Mines. Compared to the category of exported diamond, there are 9 million 947 242 carats of industrial diamond for a value of 83 million 187 267 USD against 1 million 736 196 carats of jewelry diamond for a value of 62.8 million USD. The DRC exported most of its diamonds to Belgium for a value of 72 million… Read More Here
DRC sees Production of Over 17.7 million carats of Diamonds in 2022 4 Mining in DRC Diamond 

DRC sees Production of Over 17.7 million carats of Diamonds in 2022

Constance
Diamond production increased significantly during 2022 in the Democratic Republic of Congo (DRC). According to data provided by the Central Bank of Congo (BCC), mining industries opening in the Democratic Republic of Congo produced more than 17.7 million carats of diamonds during the year 2022. The same source indicates that for the whole of 2021, the diamond production sector (industry and crafts) had produced a production of around 12,179 million carats. By comparing the two periods taken into account by the experts of the Central Bank of Congo (BCC), there… Read More Here
Diamond Discovery Offers New Understanding of Earth's Geological Processes 5 International Diamond 

Diamond Discovery Offers New Understanding of Earth’s Geological Processes

Constance
A recent paper published in the journal Nature points to a “superdeep” diamond recovered in Kankan, Guinea, as the messenger of new information about plate tectonics, the geological processes that give rise to mountains, oceans and continents. The purity of the olivine, as well as some of the other minerals that were inclusions in the precious rock, indicate a much deeper origin than usual for a diamond, between what is called the transition zone and the lower zone. of the mantle – 420 kilometers to 660 kilometers below the surface… Read More Here
MIBA recovery plan valued at USD 453 million, the DRC Portfolio Minister promises her involvement 6 Mining in DRC Diamond 

MIBA recovery plan valued at USD 453 million, the DRC Portfolio Minister promises her involvement

Johannsen
The Bakwanga mining company (MIBA) held a workshop in Kinshasa on Friday, January 6th to discuss its recovery plan. MIBA has been facing serious difficulties for the past two decades, with production coming to a halt in November 2008 and only resuming at a low level in 2011. The recovery plan, estimated at 453 million USD, is set to be implemented over the course of five years, and includes an investment plan of 161 million USD that will be carried out over three years. According to the participants of the… Read More Here
MIBA's Appalling collapse in diamond production, from 10 million carats in 1990 to around 40,000 carats in 2020 7 Diamond Mining in DRC 

MIBA’s Appalling collapse in diamond production, from 10 million carats in 1990 to around 40,000 carats in 2020

Johannsen
The Bakwanga mining company (MIBA), formerly a cornerstone of the Congolese economy, has seen a dramatic decline in production. In 1990, MIBA produced 9,556,436 carats, but by 2020, this number had fallen to just 38,788 carats. Additionally, the number of carats sold fell from 9,650,480 in 1990 to only 14,471 in 2020. This has led to a decrease in revenues from USD 102,573,220 in 1990 to just USD 480,000 in 2020. MIBA is also facing other challenges, including a steadily declining diamond turnover that made up only 3.94% of the… Read More Here

Diamond Production Soar This Year, 16.6 Million Carats Produced In 11 Months-DRC

Constance
The diamond operation claims an estimated production of 16.685 million carats of diamonds in the first 11 months of 2022, according to figures from the Central Bank of Congo. While for the whole of 2021, the Democratic Republic of the Congo had produced 13.222 million carats of diamonds, it is clearly observed that diamond production is on the rise this year. Read More Here
Diamond auction sales increased by 20% in 2022 8 International Diamond 

Diamond auction sales increased by 20% in 2022

arnbethnic
According to the preliminary results of the last of the ten rough diamond auction sessions it organizes each year, the mining company De Beers says that for the tenth stage, the subsidiary of the British mining holding company Anglo American sold for 410 million USD of gemstones against 336 million USD at the same period in 2021. “Demand for our rough diamonds during the last sales cycle of 2022 was in line with expectations, ahead of the normal seasonal closure of polishing factories in southern Africa over the Christmas period,”… Read More Here

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