Tag: Diamond Industry
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🍁 Mountain Province Gives Up 49% Gahcho Kué Stake as Diamond-Market Pressure Deepens
Mountain Province Diamonds is transferring its 49% stake in Canada’s Gahcho Kué diamond mine to De Beers as part of a restructuring aimed at eliminating mine-related liabilities, stabilizing its finances and securing new funding amid prolonged weakness in natural-diamond prices.
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🇦🇴 Diamond mining in Angola amounted to 10.7 million carats from January to September of the current year, with a target of 14.8 million carats for 2025.
The African country mined a record 14 million carats in 2024, making it one of the top three largest diamond producers, second only to Russia and Botswana. The Secretary of State for Mineral Resources, Jânio Correia Victor, specified that diamond production in Angola in the first half of 2025 exceeded the same period last year…