Tag: Diamonds
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THE PEACE DIAMOND: HOW A 709-CARAT STONE FROM SIERRA LEONE BECAME A SYMBOL OF HOPE
A viral TikTok revisits Sierra Leone’s famous Peace Diamond. The underlying story is real, but the $50 million valuation and claims that the village received nothing require important context.
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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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US declares interest in developing African mining sector
CAPE TOWN, SOUTH AFRICA — The administration of U.S. President Donald Trump is interested in developing the mining sector in Africa. On the first day of his second term, Trump signed an executive order focusing on minerals, mineral extraction, and mineral processing. “Mainly in the United States but if you read closely there are also…