Category: Mining

Gemfields Incurs Loss Despite Strong Gem Sales

Company sees second-highest annual revenue for rubies and emeralds.

Grizzly Sells 4,145ct. Rough Emerald for over $1M

Nearly all lots sold at auction, which garnered total of $19 million.

Lucapa’s Lulo Mine Yields 203ct. Rough

Diamond is fifth largest ever recovered from deposit.

Lulo Mine’s Rough-Diamond Resources Surge

New material is equal to eight years of production, according to Lucapa.

Weak Prices Send Gem Diamonds’ Profit Plunging

Average value per carat down 24% in 2023.

GIA Provides Further Funding to Support Mercury-Free Initiative

Lab awards grant of $93,000 to deploy technology and train small-scale mining community in its use.

Firestone Digs Up Its Largest Diamond Ever

Miner recovers 215-carat rough from Liqhobong deposit in Lesotho.

Lucapa Unearths Two Big Diamonds from Lulo

Company recovers 162 and 116-carat stones on consecutive days.

Alrosa Sales Rise Despite Sanctions

Profit fell in 2023; miner withholds information on location of customers.

Mountain Province Raises Full-Year Forecast

Improvements in plant processing and ore grades lift miner’s guidance for Gahcho Kué.

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