Category: Mining

Gemfields 2025 Auctions Disappoint Amid Challenging Market

Demand uneven, skewing away from lower-quality, smaller goods.

Prolonged Rough-Industry Slump Deepens Gem Diamonds’ Loss

Average value per carat down 21% to $1,105.

Alrosa Invests in Growing Russia’s Diamond-Cutting Sector

Mining company is also collaborating with regional leadership on a training program for careers in the industry.

Mountain Province Sales Slip Amid Weak Rough Prices

Average per carat down 18% to $59 for 2025.

Burgundy Diamond Increases Loan Facility by $44M

Financing is in addition to $84.9 million it received in December.

Challenging Diamond Market Leads Burgundy to Loss

Full-year revenue down 58% due to tariff impact and mining halt.

Lack of Large Stones Dents Lucara Revenue

Company still fighting to continue as going concern.

Alrosa’s Profit Nearly Doubles in 2025

Miner benefited from a weak ruble and cost-cutting.

Petra Revenue Falls Amid Continued Rough-Price Weakness

Like-for-like down 20% in second quarter.

De Beers to Cut Workforce at Gahcho Kué Mine

Miner in redundancy talks with around 5% of staff amid pause on expansion of the Tuzo pit.

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