October 28, 2020

Gem Diamonds back in the black on higher prices

Gem Diamonds reduced its net debt by $6.6 million in the July-September quarter, ending the period with $1.1 million in cash.

October 27, 2020

Stronger diamond prices lift Petra Diamonds’ Q1 revenue

Production fell 10% year on year to 974,346 carats due to the ongoing closure of the Williamson mine in Tanzania.

October 26, 2020

Alrosa to combine all cutting, polishing facilities into single entity

The top diamond miner by output wants better rough diamond allocation and streamlined production processes.

October 23, 2020

Rio asks court to OK sale of Dominion’s diamonds

The company is hoping to recover around C$120 million plus legal fees and other costs.

October 22, 2020

Anglo American output in Q3 jumps, thanks to Collahuasi

Total production climbed by 24% from Q2 on the back of continued strong performance of Collahuasi copper mine in Chile.

October 22, 2020

Petra to sell blue diamonds recovered at Cullinan

The South African miner launched the Letlapa Tala Collection, which means ‘blue rock’ in Northern Sotho.

October 21, 2020

Anglo American sued for alleged lead poisoning in Zambia

Class action claims there are more than 100,000 in Kabwe who are likely to have suffered lead poisoning as a result of pollution caused by Anglo.

October 20, 2020

Petra tosses company sale after debt-for-equity deal

The diamond miner expects the restructuring to become effective in the first quarter of 2021.

October 16, 2020

Alrosa’s third-quarter output down 24%

The world's largest producer of rough diamonds said covid-hit demand started to recover in August but it added a note of caution on longer-term prospects.

October 16, 2020

Mountain Province’s diamond output up despite virus disruptions

The miner saw production at Gahcho Kué mine jump by 30% during Q3 from the previous three months as crews adjust to covid-19 protocols.