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  Star Diamonds has 100% interest in two projects evaluating the resources    Star Diamond Corporation reports that unaudited financial results for the quarter ended June 30, 2025, will be filed on SEDAR+. In the Overview, the report said, Star Diamond is a Canadian natural resource company focused on exploring and evaluating Saskatchewan's diamond resources.    Star Diamond holds a 100% interest in the Fort à la Corne Project, (FALC Project). These properties are in central Saskatchewan, near established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future possible mine development. The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project (the BH Project) located approximately 400 kilometres northwest of Edmonton, Alberta, Canada.    Fort à la Corne mineral properties- the Company currently holds a 100%...

  Resources of 5.8mn, equivalent of at least eight years of production    Lucapa Diamond Company Limited announce its Quarterly Activities Report for the quarter ended 30 June 2025 (the Q2). In relation to Lucapa’s 40% interest in Sociedade Mineira Do Lulo, Lda, Lucapa advise; 1: In Q2, 9,325 carats were recovered as mining continued in the high grade leziria (floodplain) areas during the start of the dry season. This has resulted in a 104% increase in carats compared with Q2 2024. 2: During the Quarter, 7,124 carats were sold through a tender and two run-of-mine sales, generating revenue of US$16.5 million at an average price per carat of US$2,323. Combined with the strong start to the year, revenue is 8% up year to date, when compared to this time last year.    Lulo Alluvial Resource – Angola, as announced to the ASX on 10th April 2025 the Lulo Alluvial Resource has been updated and shows that due to the exploration work carried out during 2024 and despite...

  Alrosa holds 41% share & has been working since 1992   The deal on sale of a share in Russia’s diamond producer Alrosa in the Angolan project Catoca may be closed this month, Deputy Finance Minister Alexey Moiseev said. The deal has not been closed yet, he noted. "[It] will be closed this month," Moiseev told reporters. Alrosa has been working in Angola since 1992. It holds 41% in the Catoca mining holding (another 41% is owned by the Angolan state company Endiama, 18% is held by the international holding LL International Holding B. V.).    Catoca is the largest kimberlite pipe in Angola and the world’s fourth-biggest diamond mine in terms of deposits and diamond mining. Every year around 6.8 mln carats of diamonds are mined there.    Moiseev said earlier that Alrosa would quit the Catoca project, while the Angolan side believes that the participation of a Russian company as a shareholder hinders development of business as many market participant...

  Letšeng recovers over 105 012 carats over the previous109656 carats   Gem Diamonds Limited announces its Full Year Results for the year ending 31 December 2024. At the Financial front, 1: Revenue of US$154.2 million (US$140.3 million in 2023) & Profit for the year of US$8.1 million (US$1.6 million in 2023) are highlighted here.   At the Operational Results of Letšeng report, 1: Carats recovered of 105 012 (109 656 carats in 2023), 2:     Waste tonnes mined of 5.4 million tonnes (8.8 million tonnes in 2023), 3: Average value of US$1 390 per carat achieved (US$1 334 in 2023). 4: The highest dollar per carat achieved for a white rough diamond during the year was US$41 007 per carat.  The benefits of the structural changes implemented in 2023 and 2024 is evident in Letšeng's operational performance during the year. The targeted initiative to control the ore feed rate into the treatment plants resulted in a significant improvement in pl...

Lucara's robust positioning in the diamond sector!  In the report for Karowe Diamond Mine for the Q3, 2024, its’ Financial highlights suggested that, operating margins of 48% were achieved (Q3, 2023: 63%). Lower operating margins resulted from the decrease in revenue realized for the quarter. Operating cost per tonne processed was $27.34, a decrease of 5% compared to Q3, 2023 cost per tonne processed of $28.84. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. A strong U.S. dollar continues to offset a small increase in costs over the comparable period. During Q3, 2024, the Company invested $24.1 million into the Karowe Underground Project (UGP). William Lamb, President & CEO commented: The third quarter of 2024, again, proved to be transformative for Lucara, marked by two extraordinary discoveries that underscore our preeminent position in the exceptional stone segment of the diamond industry. The recovery of an unprec...

Now developing Saskatchewan's resources 3Q 2024 results   Star Diamond Corporation reports that the unaudited financial results for the quarter ended September 30, 2024 (3Q). In their overview 3Q 2024 results said, Star Diamond Corporation is a Canadian natural resource company focused on exploring and developing Saskatchewan's diamond resources.    Star Diamond holds a 100% interest in the Fort à la Corne Project which includes the Star – Orion South Diamond Project located in central Saskatchewan, Canada. These properties are in close proximity to established infrastructure, including paved highways and the electrical power grid, which provide significant advantages for future mine development. The Company also holds a 100% interest in the exploration and evaluation properties and assets of the Buffalo Hills Diamond Project, that is; Star Diamond Corporation Completes Acquisition of Buffalo Hills Diamond Project.    Located approximately 400 kilometres...

Mountain Province rough diamond recovery lowered 10%!   Mountain Province Diamonds Inc announces financial results for the third quarter ended September 30, 2024- Q3 2024, from the Gahcho Kué Diamond Mine (GK Mine). Q3 2024 Key Takeaways are, 1: 679,599 carats were sold.    2: Revenue from 679,599 carats sold at $69.4 million (US$50.8 million) at an average realised value of $102 per carat (US$75) compared to $60.3 million from 478,653 carats sold in Q3 2023 (US$45.3 million) at an average realized value of $126 per carat (US$95).    3: Total sales revenue of $215.7 million (US$158.4 million) at an average realised value of $99 per carat (US$73) compared to $248.9 million in 2023 (US$184.9 million) at an average realized value of $138 per carat (US$103). 4: 1,187,912 carats recovered, 10% lower than Q3 2023 (1,326,610 carats recovered), Average grade of 1.24 carats per tonne treated, 18% lower than Q3 2023 (1.51 carats per tonne).    Mark W...

DeBeers 3Q set new natural diamond marketing collaborations   Talking about the Trading Performance for the 3Q, DeBeers Group said, new natural diamond marketing collaborations were established with world-leading diamond jewellery retailers: Signet in the US and Chow Tai Fook in China, with further opportunities planned.   The collaborations focus on driving long term desirability for natural diamonds in two of the world’s leading consumer countries for natural diamonds. The collaborations will also benefit from promotional messages being amplified through the wide reach of these leading retail businesses. De Beers also announced the introduction of DiamondProof, a new device to be used on the jewellery retail counter for rapidly distinguishing between natural diamonds and lab-grown diamonds, supporting retailers in communicating the attributes of natural diamonds, providing customers with enhanced confidence in the authenticity of their natural diamond purchase and de...

11th auction hammered and sold 1,493 carats of rough! The Angolan National Diamond Trading Company, Sodiam EP, auctioned this October 16, Wednesday 44 special rough diamond stones produced by the Mining Companies of Somiluana, Lulo, Kaixepa, Tchegi, Chitotolo, Luele and Catoca. The evaluation sessions took place from the 7th to the 15th of this month- October, at the Sodiam EP facilities in Luanda, and bids were submitted electronically on the online platform, October 16, 2024. The total net proceeds from the auction were US$12.9 million from the sale of 1,493 carats. The proceeds raised from this auction are distributed as follows: Somiluana (872.5 Thousand USD), LULO (3 Million USD), Tchegi (1.4 Million USD), Kaixepa (2 Million USD), Catoca (2.6 Million USD) and Luele (2.94 Million USD). A total of 37 companies participated in the auction, representing the world's main diamond markets and centers.  It should be noted that the current auction format, within the scope of the guidel...

Moving the commercial production of A21 Underground  mine   Rio Tinto’s Diavik Diamond Mine has safely completed the development and construction of Phase 1 of the A21 underground mine, now moving the underground mine into commercial production. Building on the success of the first phase, Phase 2 of the A21 underground project was approved earlier this year with an additional investment of US$17 million. The project will enable Diavik to maximise the value from its known resources through to closure.    The construction of the A21 underground mine involved the development of over 1,800 metres of underground tunnels to access the orebody and begin underground production. With safety as the core focus, there were no lost time injuries after more than 100,000 labour hours completed over 20 months during the development and construction work.    Chief Operating Officer of Diavik Diamond Mine Matt Breen said: “The A21 underground operation is positive news ...

  Lucara recovered 92,419 carats of diamonds in Quarter 2   Lucara Diamond reports its results for the quarter ended June 30, 2024. In the accordance with the result, Karowe registered the recovery of a 491-carat Type IIa diamond, a 225.6-carat Type IIa diamond, followed by the recovery of a 109-carat Type IIa diamond. A total of 76,387 carats of diamonds were sold, generating revenue of $41.3 million during the second quarter of 2024. A total of 92,419 carats were recovered during the quarter at a recovered grade of 12.9 carats per hundred tonnes (cpht) of direct milled ore. A further 8,349 carats were recovered from processing of historic recovery tailings.  The recovery of 206 Specials (defined as rough diamonds larger than 10.8 carats) equated to 6.9% by weight of the total recovered carats from Q2's ore processed which is in line with the Company's expectation.    William Lamb, President & CEO commented: "Lucara's performance this quarter reaffirms ...

Average price per carat earned US$1,213 in 1H   The Board, management and key stakeholders in Lucapa have deep global diamond industry experience and networks all through the value chain from exploration to retail. Refer to the review of operations contained in the directors’ report of the Interim Financial Report for the six months ended 30 June 2024 and the subsequent events. The consolidated interim financial statements for the half year ended 30 June 2024 have been reviewed by the Company’s auditors.    Lucapa diamond miner and explorer with assets in Angola and Australia. It has an interest in the Lulo Diamond Mine in Angola which has been in commercial production since 2015. The large, high-value diamonds produced from Lulo attracts the highest prices per carat for alluvial diamonds globally.    Lucapa also has a 39% interest in the Lulo Kimberlite Exploration Joint-Venture, which is exploring for the potential primary source kimberlites at the prolifi...

  Eye to produce 12 million carats in 2023   The National Diamond Company of Angola (Endiama EP) plans to increase its production to 12 million carats in 2023, surpassing last year's result, which recorded a figure of around nine million carats.   According to the Chairman of the Board of Directors of Endiama, Ganga Júnior, achieving this goal will essentially depend on improving the production structure of the mines in operation and launching new exploration projects.    Speaking to the press, on the sidelines of the working visit that the heads of the Institute for the Management of Assets and State Participations (IGAPE) carried out to the state-owned diamond company, the manager also pointed out the continuous transformation of the functioning of small cooperatives in industrial activities as another challenge for 2023.   In this regard, he added, the company has already registered success stories, whose semi-industrial activities in the field o...

Rough diamond price rock over by 40%   Lucapa Diamond Company Limited presented its unaudited financial results for the year ended 31 December 2021. During the period, record operational performances from both SML and Mothae diamond mine with record volumes processed, carats recovered & sold and exceptional diamond recoveries. Lulo exploration sampling includes the discovery of 13 diamonds from the Canguige catchment area, including eight Type IIa diamonds, three new high-interest targets identified at Brooking, WA and successful completion of a A$21.7 million capital raising to fund the 100% acquisition of Merlin diamond mine, expedite exploration programs, advance feasibility studies and general working capital. The completion of the acquisition of Merlin for a total consideration of A$8.5 million and release of Scoping Study showing strong economics for a long-life mine. Lucapa Diamond published the Merlin Scoping Study demonstrating strong economics for a long-life mine:...