Category: Mining

Lower Average Price Dents Gem Diamonds Sales

Annual revenue falls amid weak demand for rough.

De Beers Sales Down but on the Mend at First 2024 Sight

US holiday demand and restart of India’s rough imports have helped stabilize industry.

Lucapa Sales Slip in Weak Market

Revenue down 1% year on year in fourth quarter.

Strong Demand Sends Ekati Rough Sales Surging

Revenue up 37% year on year in fourth quarter.

Rio Tinto Workers Killed en Route to Diavik Diamond Mine

Small plane transporting employees crashed shortly after takeoff.

Small Stones Dent Mountain Province Sales

Average price down 20% for 2023.

Petra Sales Fall Amid Slow Market Recovery

Revenue slipped 9% year on year in first fiscal half.

Rio Tinto Output Dwindles as Mine Segments Close

Rough-diamond production down 50% year on year in fourth quarter.

De Beers Cuts Rough Prices by Average of 10% to 15%

Reductions don’t go far enough, sightholders say.

Burgundy Eyes Ekati Expansion

Project will see company move underground at several pits and attempt underwater mining.

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