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Lucara to begin third party diamond sales with launch of blockchain channel

…the technology – known as “Clara” – would replace inefficient diamond sales through tender. It would also enable the company to sell third party diamonds as well as goods from its Karowe mine in Botswana.

 

By |November 23rd, 2018|News|Comments Off on Lucara to begin third party diamond sales with launch of blockchain channel

De Beers diamond production falls 5 percent in third quarter

De Beers, the world’s top diamond producer by value, saw rough diamond production decrease by 5% to 8.7-million carats in the quarter ended Sept. 30, mainly due to planned volume reductions in Botswana and South Africa.

By |November 23rd, 2018|News|Comments Off on De Beers diamond production falls 5 percent in third quarter

Petra tipped to have “turned the corner” on promise of free cash flow in 2019

A refreshing quarter from Petra Diamonds delivered a production beat across most of the mines including Finsch and Cullinan where production guidance had recently been downgraded,” said Tyler Broda, an analyst for RBC Capital Markets.

By |November 23rd, 2018|News|Comments Off on Petra tipped to have “turned the corner” on promise of free cash flow in 2019

Petra Diamonds appoints MC mining chairman as non-executive director

Petra Diamonds Ltd said on Monday it has appointed Bernard Pryor and Varda Shine as non-executive directors with effect on January 1, 2019.

By |November 23rd, 2018|News|Comments Off on Petra Diamonds appoints MC mining chairman as non-executive director