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2311, 2018

WDC aims to improve ethical sourcing structures

November 23rd, 2018|Comments Off on WDC aims to improve ethical sourcing structures

Improvements to industry regulations concerning responsible sourcing were the primary topic of discussion at the World Diamond Council’s (WDC’s) annual general meeting (AGM) in Mumbai, India, earlier this month.

2311, 2018

State of the diamond industry: new kids on the block(chain)

November 23rd, 2018|Comments Off on State of the diamond industry: new kids on the block(chain)

This is one of the six diamond engagement rings used in the test run of the TrustChain blockchain platform, one of multiple blockchains currently being tested in the diamond industry. The rings were made of […]

2311, 2018

Violence erupts as Angolan authorities push Congolese diamond miners out of the country

November 23rd, 2018|Comments Off on Violence erupts as Angolan authorities push Congolese diamond miners out of the country

According to a report from the Thomson Reuters Foundation, the majority of the affected miners are from the Democratic Republic of Congo, which borders Angola to the northeast.

2311, 2018

Congo condemns alleged crackdown on diamond miners in Angola

November 23rd, 2018|Comments Off on Congo condemns alleged crackdown on diamond miners in Angola

The Democratic Republic of Congo has condemned a crackdown on artisanal diamond miners in Angola which has allegedly seen dozens killed and Congo nationals expelled from the country in violation of agreements – a claim […]

2311, 2018

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

November 23rd, 2018|Comments Off on 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.

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2311, 2018

De Beers diamond production falls 5 percent in third quarter

November 23rd, 2018|Comments Off on 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.

2311, 2018

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

November 23rd, 2018|Comments Off on 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.

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2311, 2018

Petra Diamonds appoints MC mining chairman as non-executive director

November 23rd, 2018|Comments Off on 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.

2311, 2018

Saskatchewan diamond mine gains provincial approval

November 23rd, 2018|Comments Off on Saskatchewan diamond mine gains provincial approval

The company recently announced the positive results of the independent preliminary economic assessment on the project, which estimates that 66-million carats of diamonds could be recovered in a surface mine over a 38-year project life.

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2311, 2018

Namibia scraps mining empowerment rules in order to simulate new investment

November 23rd, 2018|Comments Off on Namibia scraps mining empowerment rules in order to simulate new investment

“Our objective is to grow the mining sector where it can continue to meaningfully contribute to our socio-economic development,” mines minister Tom Alweendo told AFP. “This can only happen when more minerals are discovered and it […]

2311, 2018

Alrosa joins De Beers’ blockchain traceability pilot

November 23rd, 2018|Comments Off on Alrosa joins De Beers’ blockchain traceability pilot

Alrosa has joined the Tracr diamond industry blockchain traceability platform that fellow miner De Beers is developing.

2311, 2018

Yoram Dvash to head new WFDB strategic initiatives committee

November 23rd, 2018|Comments Off on Yoram Dvash to head new WFDB strategic initiatives committee

Yoram Dvash, President of the Israel Diamond Exchange (IDE), has been appointed to head a new committee of the World Federation of Diamond Bourses (WFDB) to undertake strategic initiatives to advance the global industry.