Category: Diamonds
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π§πΌ Botswana’s new president aims to finalise De Beers diamond sales pact soon
Botswana’s new president Duma Boko said on Friday he wanted to conclude talks for a new sales pact with global diamonds mining giant De Beers as soon as possible. “The relationship with De Beers could have been damaged by the way the negotiations were handled,” President Boko said in a televised statement from Gaborone, Botswana’s…
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π§πΌ 1,094-Carat Diamond found in Botswana, one of the largest ever
A massive 1,094-carat diamond has been recovered from the Karowe mine in Botswana. This is the second discovery of a diamond weighing over 1000 carats at the mine this year. The newly found diamond shares similarities with a 692-carat diamond discovered earlier in 2023. Both are expected to yield high-value polished stones through an ongoing…
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BRICS+ countries launches a dialog platform on the diamond industry, the Russian Finance Ministry said
“Within the framework of the Russian BRICS Presidency, the inaugural meeting of the informal dialogue platform on cooperation in the diamond industry was held in Moscow on October 9 in a hybrid format on the sidelines of the meeting of BRICS finance ministers and central bank governors,” the ministry said in a statement after the…
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Mining company Lucara unearths sixth diamond over 1,000 carats at Karowe Mine in Botswana
“The recovery of this exceptional 1,094-carat diamond is a testament to Karowe’s remarkable potential and further validates our investment in the underground expansion project. These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns,” said William Lamb, President and CEO of Lucara. The discovery…
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The biggest diamond in over a century is found in Botswana β a whopping 2,492 carats
GABORONE, Botswana (AP) β The largest diamond found in more than a century has been unearthed at a mine in Botswana, and the country’s president showed off the fist-sized stone to the world at a viewing ceremony Thursday. The Botswana government says the huge 2,492-carat diamond is the second-biggest ever discovered in a mine. It’s…
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Zimbabwe reinstates ban on alluvial and riverbed mining
Alluvial mining extracts minerals from riverbeds and floodplains, while riverbed mining targets river channels. Both can harm the environment and pollute water. On Tuesday, the Zimbabwean government reimplemented its ban on alluvial and riverbed mining to combat environmental damage, media reported. Although the ban was initially declared in 2020, the practice has persisted in recent…
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Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer
Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond market, the country’s mines minister said on Tuesday. Botswana is the world’s biggest diamond producer by value, meaning its economy has been…
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“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
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Eight African countries make top 10 diamond-producing countries globally
Eight African nations secured positions within the top ten diamond-producing countries worldwide in 2023, highlighting Africaβs significant contribution to the global diamond industry. Africa is renowned for its wealth in valuable minerals essential for economic development, such as gold, copper, and platinum. The continent holds about 30% of the worldβs total mineral reserves, impacting various…
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BRICS offers hope for Africa’s resource potential: Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, sees the BRICS grouping as potentially helpful for Africa’s mineral resource development, which can enhance regional stability and reduce conflict on the continent. “The regulation of this mineral exploitation and trade definitely will enhance also the possibility…
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