Category: Diamond

World’s ‘most beautiful diamond’ to go under Christie's hammer

An impressive flawless 163-carat diamond that has been hailed the “world’s most beautiful” will go under Christie’s hammer in Geneva in November, the auction house said Thursday. Discovered in February last year in eastern Angola, the 404.20-carat rough diamond — named the...

/ September 29, 2017

How iron carbonates help form diamonds

An international group of scientists published a paper in Nature Communications where they state that under the peculiar conditions present deep in the Earth’s mantle, iron carbonates can play a role in forming diamonds. The team led by Valerio Cerantola...

/ September 28, 2017

Laying the foundations for gender equality

As Head of Social Impact, I feel privileged to be leading De Beers Group’s work on women and girls empowerment, including on diversity and inclusion. I did my masters in Gender and Development and, having worked within the extractive sector...

/ September 27, 2017

De Beers partners with UN to empower women in its diamond producing countries

De Beers Group announced Wednesday a three-year partnership with UN Women to accelerate the advancement of women across its organisation, in its diamond producing countries and in its marketing. As a UN Women partner, De Beers has committed to achieving...

/ September 27, 2017

Indian billionaire Agarwal to be Anglo American’s top shareholder

Indian billionaire Anil Agarwal is planning to increase his investment in Anglo American (LON:AAL) by as much as 1.5 billion pounds ($2 billion), which would make him the biggest shareholder in the diversified miner. The acquisition of further shares will...

/ September 26, 2017

South African workers union to strike at Petra Diamonds' Koffiefontein mine

South Africa’s National Union of Mineworkers said on Thursday its members would go on an indefinite strike at Petra Diamonds Ltd’s Koffiefontein Mine in the Northern Cape of South Africa. The strike will mean a total withdrawal of labour of...

/ September 26, 2017

Alrosa finds gigantic pink diamond, likely its most expensive one

Russia’s Alrosa (MCX:ALRS), the world’s top diamond producer by output in carats, has unearthed 27.85-carat pink precious rock the company believes could be the most expensive it has ever found. Alrosa is trying to decide on whether to sell this pink...

/ September 26, 2017

Stellar Diamonds pays for the Tongo environmental licence

Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has paid US$150,240 to the Sierra Leone Environmental Agency for the Tongo Environmental Licence. As previously stated, the Tongo Mining Licence has been approved...

/ September 26, 2017

Investors wary as Tanzania moves to assert more control over mines

New laws and a crackdown on mining firms in Tanzania has slowed fresh investment in what has long been seen as one of Africa’s brightest mining prospects as companies assess the consequences of government efforts to claim a bigger slice...

/ September 26, 2017

Brazil’s president revokes decree allowing mining in Amazon

Brazilian President Michel Temer has yielded to global pressure from environmentalists, artists and a number of NGOs and revoked Tuesday a controversial decree that would have opened up a vast national reserve in the country’s Amazon, larger than the size of Switzerland,...

/ September 26, 2017

Lucara sells world's second-largest diamond for $53 million

The tennis ball-sized Lesedi La Rona rough diamond that Lucara Diamond (TSX:LUC) unearthed two years ago at its Karowe mine in Botswana was sold this week for $53 million. The buyer, London-based Graff Diamonds, paid nearly $47,777 per carat. “The...

/ September 26, 2017