NEWS

Industry News

• DeBeers Posts $495 Million Earnings Rough Diamond Sales in Cycle 2 – 2023 March 21, 2023
  Market AnalysisRough Market De Beers Group yesterday announced the value of rough diamond sales for the second sales cycle of 2023. The mining giant sold $495 million in rough stones. There was a noticeable year-over-year drop in sales when compared with 2022- Cycle 2, where the company sold over $652 million, a 24% fall. Sales [...]
• ODC Sales Achieve Record Revenues with Antwerp Viewings January 6, 2022
  ROUGH MARKET 15/12/2021 12:30 Okavango Diamond Company (ODC), the state-owned rough diamond marketing company entitled to sell a portion of the country’s rough resources outside of the De Beers joint venture, has announced a record-breaking revenue for the first eight months of the year through its sales via Antwerp, amounting to US$830m, a whopping 484% [...]
• Bain & Co, AWDC Unveil 2019 Global Diamond Industry Report: Strong Origins January 6, 2020
  IN-DEPTH 11/12/2019 08:17 The Antwerp World Diamond Centre (AWDC) and Bain & Company have released their ninth annual report on the global diamond industry: Strong Origins: Current Perspectives on the Diamond Industry. As with previous editions, The Global Diamond Industry 2019 report provides expert in-depth analysis of all facets of the diamond pipeline – from rough production through [...]
• AWDC & Bain Publish Latest Report: The Global Diamond Industry 2018 December 18, 2018
  Following a period of volatility, the global diamond industry regained its luster with 2 percent growth in 2017, writes Bain & Company in the eighth annual global diamond report issued in collaboration with the Antwerp World Diamond Centre. Bain & Co. finds that the diamond industry – just like the luxury market – remains resilient against [...]
• De Beers Group Completes Acquisition of Peregrine Diamonds September 17, 2018
  De Beers Group is pleased to announce the completion of the previously announced Plan of Arrangement pursuant to which De Beers Canada has acquired all of the outstanding securities of Peregrine Diamonds Ltd (“Peregrine”) at a purchase price of C$0.24 per share, for a total cash consideration of C$107 million. The acquisition includes the high [...]
• Junior Miner Tango Adds To Diamond Portfolio in Angola and Liberia
  Tango Mining Limited, a Canadian diversified junior mining company with several projects in southern Africa, has been busy expanding its portfolio of diamond projects. Tango is the lead company at the Oena diamond mine in South Africa, as well as Txapemba, an 84 sq km concession in Angola that Tango took operational control of last [...]

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