Alrosa mulls raising production target
Alrosa may increase its sales and production forecasts for this year following strong rough-diamond demand in the first five months, particularly from Indian buyers, the company said.
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Angola’s diamond reserves estimated at 1 billion carats
Angola has diamond reserves of one billion carats, according to geological research carried out over the last five years by ALROSA, a local news agency reported.
Diamond production value down in 2016
Global rough-diamond production fell by value for the second consecutive year as output declined in the two largest producer countries, according to data the Kimberley Process (KP) released Tuesday.
World Diamond Council President resigns
Andrey Polyakov, a member of the international diamond community who was a high-ranking executive at Alrosa and the current president of the World Diamond Council, has vacated both posts.
De Beers rough diamond sales for Cycle 5, 2017
De Beers Group today announced the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for the fifth sales cycle of 2017.
World’s largest diamond ship sets sail in Namibia
De Beers launched the world’s largest diamond-exploration ship on Thursday, as it looks to Namibian waters to maintain production levels.
Alrosa sales rebound to $472M in May
Alrosa’s diamond revenues for May jumped 33% year on year to $472.1 million, the Russian miner reported last week.
Letšeng bears two diamonds over 100cts
Gem Diamonds has recovered two rough diamonds larger than 100 carats at its Letšeng project in Lesotho amid a shift to a more lucrative section of the mine, the company said Monday.
Alrosa, India agree to tighten relationship
Alrosa and India’s Gem & Jewellery Export Promotion Council (GJEPC) have inked an agreement to let the Russian miner sell diamonds in India at preferential tax rates.
These were the top producing diamond mines in 2016
While diamond industry experts warn that demand is expected to outstrip supply as early as 2019, the largest mines keep producing the coveted rocks at full steam.
Alrosa, Angola sign deal on new $35B mine
Alrosa has partnered with Angolan national diamond company Endiama to develop the African nation’s largest kimberlite deposit, claiming the project could be worth more than $35 billion.
De Beers to auction polished diamonds manufactured directly from its own rough
De Beers Group announced the 18th May that its Auction Sales business will pilot the sale of its own polished diamonds using auctions for the first time. The sale will comprise a wide range of polished stones manufactured directly from its rough diamonds.