GJ Town India

  DeBeers rough diamond production reduced by 23% in 1H   DeBeers Interim Financial Results for 2025 DeBeers report rough diamond production reduced by 23% to 10.2 million carats (30 June 2024: 13.3 million carats), reflecting a proactive production response to the prolonged period of lower demand and higher than normal levels of inventory in the midstream.   In Botswana, production was reduced by 26% to 7.2 million carats (30 June 2024: 9.7 million carats), as a result of planned actions to lower production at Jwaneng and Orapa, as well as extended maintenance at Orapa and putting the Letlhakane Tailings Treatment Plant on care and maintenance as part of the planned production response. Production in Namibia was flat at 1.2 million carats (30 June 2024: 1.2 million carats), as planned actions to lower production at Debmarine Namibia were offset by planned higher grade mining and better recoveries at Namdeb.    In South Africa, production was flat at 1.1...

  A 12% increase in Lucara operating expenses!   In the recently released Lucara Diamond Corp’s reports & its results for the quarter ended June 30, 2025, analysed the Diamond Market. Lucara said, the long-term outlook for natural diamond prices remains cautious as the market continues to navigate structural shifts.   Prices of lab-grown diamonds have continued to decrease in 2025 with production outweighing demand. Global natural diamond production is forecasted to decrease, following significant production guidance cuts by the major diamond producers. In the near term, premium-grade natural diamonds are showing renewed strength, supported by limited global supply growth and strong performance at international trade shows. However, mid-range and lower-grade stones continue to face pricing pressure due to high inventories, cautious consumer sentiment, and the rapid rise of lab-grown diamonds.    Encouraging sign are emerging in the recovery of the Ch...

  First production of undergrounds in 2029   By providing MRE update, Burgundy Diamond Mines updated the Life of Mine (LOM) plan has been updated based on the MRE update for Misery underground, and the Mineral Resource and Ore Reserve Estimate updates for Fox underground.    Key components of the LOM plan include the following; 1: Misery Underground – Currently in operation and planned for mining until Q4 2027. 6% of the Misery tonnage in the plan is classified as indicated, 68% of the Misery tonnage in the plan is classified as inferred, while a further 26% lacks the necessary geological information to be assigned a resource classification. The pipe remains open at depth.    2: Fox Stockpile – Low-grade ore from historic open pit mining of Fox pit, which was completed in 2014. The stockpile will be blended with Misery production until Q4 2028. The stockpile has been blended in the processing feed intermittently in 2024 and H1 2025. The stockpile is classi...

  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%...

  Misery underground plan extended by the end of 2027    Burgundy Diamond Mines Limited provides an updated Life of Mine (LoM) plan for the Ekati Diamond Mine for the years 2025-2040 , including the updated Mineral Resource Estimate (MRE) for the Misery pipe, updated Mineral Resource and Ore Reserve Estimates for the Fox pipe, and results of a recent bulk sample trial from the Point Lake pipe.    The updates are in accordance with the Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves, December 2012 (JORC Code) and the Australian Securities Exchange (ASX) Listing Rules, Chapter 5. Supporting information relating to the changes of Mineral Resources and Ore Reserves is set out in this release and its appendices.    Other deposits part of the LoM have their Mineral Resource and/or Ore Reserve results, including supporting information, as part of the Company’s ASX market announcement released 13 May 2...

  Shaky & fragile market has tempered results in 2Q    Mountain Province Diamonds Inc announces financial results for the second quarter ended June 30, 2025 (Q2 2025) from the Gahcho Kué Diamond Mine (GK Mine). According to the Key takeaways of Q2 2025 are, 411,114 carats were sold for total proceeds of $36.8 million (US$26.6 million) at an average price of $90 per carat (US$65).    Loss from mine operations of $52.6 million, brought Net loss of $37.7 million. Cash costs of production, including capitalized stripping costs, and adjusted EBITDA are non-IFRS measures with no standardized meaning prescribed under IFRS.    Mark Wall, the Company's President, and Chief Executive Officer, commented, "The first half of 2025 was a period of solid operational discipline at the GK Mine, but one that also underscored the challenges we continue to face. While the global diamond market showed tentative signs of recovery earlier in the year, recent U.S. tariffs ...

  Recovered a 2,036 carat - the third largest rough diamond    Lucara Diamond Corp reports its results for the quarter ended June 30, 2025. All amounts are in U.S. dollars unless otherwise noted. Here is the Q2 2025 Highlights; in Q2 2025, the Company's revenue increased to $43.7 million from $41.3 million in Q2 2024, primarily due to the sale of a 1,094 carat diamond sold to HB for an initial polished value of $12.0 million. The final sale value of the Seriti will be determined once the polished outcomes are sold to end buyers. In July 2025, the Company recovered a 2,036 carat near-gem diamond. The stone was recovered from processing EM/PK(S) kimberlite and is the third largest rough diamond ever unearthed and the second largest rough diamond to be recovered in Botswana. The EM/PK(S) material which is the target of the UGP has now produced seven of the world's largest recorded natural diamond recoveries.    The recovery of 242 Specials (defined as rough dia...

  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...

  The prolonged period of lower demand; the key reason!   Rough diamond production in Q2 2025 decreased by 36% to 4.1 million carats, reflecting a planned production response to the prolonged period of lower demand.   In Botswana, production decreased by 44% to 2.7 million carats, as a result of extended maintenance at Orapa  as well as actions to lower production, which included putting the Letlhakane Tailings Treatment Plant on care and maintenance. Jwaneng production was broadly consistent with the prior period.   Production in Namibia decreased by 5% to 0.5 million carats, as a result of planned actions to lower production at Debmarine Namibia. Following a fleet optimisation study, the Coral Sea vessel was retired and the Grand Banks vessel has been taken out of service, pending a decision on potential decommissioning or sale. This was partially offset by planned mining of higher-grade areas at Namdeb.    In South Africa, the output fro...

Sales 613,682 carats diamonds in the tender 5 & 6    Petra Diamonds announces its combined Tender 5 & 6 FY 2025 sales results, following the decision made in April to postpone the sale of its Cullinan Mine goods. In total for these diamonds’ tenders, 613,682 carats were sold for US$53 million, at an average price of $86 per carat, bringing year-to-date sales revenues to $239 million from the sale of 2,390,976 carats.     This total includes 84,479 carats sold for US$14 million from Williamson, since the last tender results. This is the final tender sale from the Williamson Mine under Petra's ownership following the completion of the sale of the asset in May 2025. Total revenue YTD FY 2025 from rough diamond sales is US$239 million, compared to US$329 million in the first six tenders of FY 2024. In light of ongoing market uncertainty and the product mix issue at Cullinan mine, as referred to in the 9 April 2025 announcement, the Company will continue t...

  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...

  Alexey Moiseev confirmed that the Ministry had made a provision    Russia’s Finance Ministry is currently monitoring the trends of the diamonds market, planning to decide on acquisitions of diamonds from Alrosa to the State Precious Metals and Gems Repository (Gokhran) at the end of the second quarter, Deputy Finance Minister Alexey Moiseev told domestic reporter. He confirmed the information that the Finance Ministry had made a provision for purchases of diamonds from Alrosa to Gokhran for 2025. "At this stage we are monitoring the market dynamics so far, indeed, it is rather weak, though not much time has passed," he said.    "Fundamentally, the first quarter is rarely strong. I think that we will actually see how much the situation has changed structurally, or this has rather been a seasonal factor, at the end of the second quarter, and then we will be taking a decision," the official added.    Earlier, Moiseev said that the Finance Ministry was...

  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...

  That brings largely fraught with losses in other countries   Sanctions imposed on Russian diamonds are fraught with restrictions and financial losses for other countries, including African states whose budgets largely depend on income from the sale of precious stones, a study by the Analytical Credit Rating Agency (ACRA) says.   The study, the results of which are available to Russian Media, recalls that the share of Russian diamonds on the global market exceeds 30%, while Russia accounts for about 60% of the world's proven diamond reserves. As the study notes, if Russian diamonds are banned, African diamond mining countries will be forced to certify each of their stones to confirm its geographical origin, which, according to ACRA, is unrealistic!   "As a consequence, integration of the country and its diamonds into the international diamond market is high, while this market affects the interests of many countries. In this regard, ACRA believes that sanctions agai...