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The first & second tender of FY 2025 sold 600K Cts   Petra Diamonds Limited reported, Final sales results for Tenders 1 and 2 FY 2025. Sales for the first and second tender cycles of FY 2025 closed this week, yielding US$76 million from 600 kcts sold. Average prices increased 13% over Tender 7 FY 2024, with product mix contributing 22%, partially offset by a 9% decrease in like-for-like prices with weakness evident in the smaller size fractions.   Richard Duffy, Chief Executive Officer of Petra, commented, Following changes to the mine plans announced at our Investor Day, diamond production increased 7% from the previous quarter on the back of solid performances from Cullinan Mine and Williamson, with Finsch transitioning from continuous to a two-shift operation.  We recorded 4 LTIs, resulting in our LTIFR rate increasing to 0.28 from 0.13 in the previous quarter. This is of concern to us given our focus on delivering zero-harm workplaces, and we have implemented a number

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

Ekati reached a historic 100 million carat diamond produced   Burgundy Diamond announces that the Ekati Diamond Mine has reached a historic milestone of 100 million carats produced. As Ekati currently celebrates 26 years of production, this impressive achievement is a reminder of the quality of this long-life asset and everyone’s efforts, hard work, and dedication over the past two and a half decades.   Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality, ethically sourced diamonds. Running a 24/7 365 days a year operation in a remote subArctic  location, takes ingenuity, grit, and resilience, which is a testament to the strength of our people.   “As we reflect on this historic achievement, Ekati continues the legacy as one of the premier diamond assets in the world in a tier one location producing highly sought after sustainably and ethically produced diamonds for the globa

The event to take place on October 24 and 25 at Saurimo's Center   Economist Jorge Guedes defended, in Saurimo, that the Lunda-Sul government should see the 2nd International Diamond Conference (IDC) as an opportunity to attract investments for productive sectors, such as agriculture and commerce, taking advantage of the presence of the G7.   Speaking to Angop regarding the event to take place on October 24 and 25 at Saurimo's Diamond Development Center, the economist highlighted the importance of the economic potential and the "good" environment to be displayed for big companies to feel attracted to invest in the province.   He highlighted that the economic future of the Lunda-Sul province passes through the sectors of agriculture, commerce, tourism and hotels, since the region has potential that, if well explored, can generate wealth, jobs and revenue for the State, through tax taxes. According to Jorge Guedes, the presence of the group of the seven most

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 for our employees, partners,

The Ekati significantly reducing debt position   Burgundy Diamond Mines announces that it has successfully paid out its Convertible Notes totaling US$23.6 million, significantly reducing its debt position. Kim Truter, Burgundy CEO and MD, commented, “We had several options for our Convertible Notes, and we believe this was the best way forward for the Company.   We are pleased to take this major step in further strengthening our balance sheet. The fact we have opted to pay this out in cash highlights the strength and belief in our business and our optimism in the diamond market.” Michael O’Keeffe, Non-executive Chairman, added, “Despite being a countercyclical acquisition, the tier-1 nature of the mine and infrastructure has generated approximately A$196 million in EBITDA during the first 12 months of operations.   This is providing flexibility to both de-lever the balance sheet and develop the resource base to extend mine life. The Ekati asset continues to outperform expectat

  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 our pos

  The tenth greater than 100 carat diamond recovered in 2024 Gem Diamonds announce the recovery of a 129.71ct Type II. White Diamond recovered at the Letšeng mine in Lesotho on late August 2024. This is the tenth greater than 100 carat diamond recovered in 2024. The Letšeng mine is located in the Maluti Mountains of Lesotho and is renowned for its recovery of large, high quality, exceptional Type II diamonds. Among these diamonds recovered are the 910 carat  Lesotho Legend, the 603 carat Lesotho Promise, the 550 carat Letšeng Star and the 493 carat Letšeng Legacy.  The Group owns the Letšeng diamond mine in Lesotho and the Ghaghoo mine in Botswana, with Head Offices in the United Kingdom and Sales and Marketing capabilities in Belgium and Innovation Solutions in Cyprus. Gem Diamonds continues to invest in its sales, marketing and diamond analysis operations to pursue ways of maximising revenue through a combination of marketing channels, including tenders, strategic partnerships and e

Ekati concluding with a final payment in Q3-2027   Burgundy Diamond Mines Limited confirm that the agreement with the surety providers in relation to the reclamation bonds has been formally concluded and signed by all parties, in line with previously agreed principles.     Burgundy is required to post security with key government agencies to ensure reclamation is completed across its mining properties, as required by relevant legislation in Canada and the Northwest Territories. The security is provided in the form of either cash, letters of credit or Surety Bonds (SB), or a combination of these. Significantly, Burgundy can confirm it has successfully concluded the renegotiated cash collateralisation payment schedule to extend over four years, consistent with Ekati’s current life of mine plan, versus the previous terms requiring full payment in Q2-2024. The revised cash collateralisation schedule  provides for quarterly instalments of ~US$11 million, concluding with a final pay

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 prolific Lulo concession in Ang

Result of Mega Diamond Recovery XRT technology of Lucara    Lucara Diamond Corp is thrilled to announce the recovery of an exceptional 2,492 carat diamond from its Karowe Diamond Mine in Botswana. This remarkable find, one of the largest rough diamonds ever unearthed, was detected and recovered by the Company's Mega Diamond Recovery X-ray Transmission (XRT) technology, installed in 2017 to identify and preserve large, high-value diamonds.    The stone was recovered from the processing of EM/PK(S) kimberlite, the dominant ore type that Lucara will continue to target during the first years of the Company's underground mining operations. This discovery underscores Karowe's reputation as a world-class asset and reaffirms Lucara's position as a leading producer of large, exceptional diamonds. This latest recovery joins an impressive roster of other significant finds from the mine, including the 1,758 carat Sewelô and the 1,109 carat Lesedi La Rona. William Lamb, Pres

The first +50 cm mined by the company in 2024     At the Mining and Processing Plant named after, V. Grib JSC AGD Diamonds produced a gem-quality diamond weighing 54.27 carats. This is the first extra-large diamond (+50 cm) mined by the company in 2024, and the 43rd among the unique extra-large diamonds mined at the mine. V. Grib since the beginning of industrial development. JSC AGD Diamonds is the second diamond mining company in Russia. In terms of production volume, the field named after. V. Grib is one of the ten largest in the world. Innovative technologies for kimberlite enrichment allow AGD Diamonds JSC to regularly produce high-quality diamonds.    AGD Diamonds, successor to JSC Arkhangelskgeoldobycha, more than 400 deposits have been discovered and explored, primarily oil, gas, diamonds, oil shale, drinking and balneological waters, non-ferrous , rare and precious metals, raw materials for the production of cement, slate, brick, sand and gravel materials for the constru

  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 of mining, which were init

An average price per carat grew to $690 from $480 YoY   Lucara Diamond Corporation reports its results for the quarter ended March 31, Q1 2022 said, Lucara revenue in Q1 2022 increased by 28% to $68.2 million from $53.1 million in Q1 2021 a reflection of strong rough and polished diamond market fundamentals into the first quarter.   The combination of a strong diamond market, combined with the sale of several higher value rough diamonds in Q1 2022 generated an average price per carat (excluding top-up payments) of $690 for Karowe diamonds sold during the quarter (Q1 2021: $480 per carat).   A total of 186 Specials (single diamonds in excess of 10.8 carats) were recovered, representing 6.9% weight percent Specials (Q1 2021: 6.8%). Sales volumes transacted on Clara during Q1 2022 totalled $7.0 million, a 17% increase from the $6.0 million in sales volume transacted in Q1 2021. A third-party producer will commence a series of trial sales beginning in Q2 of 2022. Eira Thomas, Presid

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:    1