The government of Botswana granted Lucara’s application to renew the license for the Karowe Diamond Mine, the open-pit operation pictured here that Lucara is hoping to take underground. (Photo courtesy of Lucara Diamond Corp.)
Russian mining company Alrosa, which seeks to overtake De Beers as the world’s largest diamond miner by value, launched its initial public offering this week, with reports indicating that U.S. investors snagged 60 percent of the shares sold.
Amid industry concerns about the dwindling supply of diamonds, a number of announcements surfaced this week regarding new projects that will open up additional sources for mining the stones.
Indian diamond manufacturing company Shree Ramkrishna Exports Pvt. Ltd. (SRK) is marking its 50th anniversary this year and recently was recognized by India’s Gems and Jewellery Export Promotion Council (GJEPC).
De Beers parent company Anglo American announced that the full restoration of operations at one of its mines led to a 21 percent increase in production in volume terms for De Beers.
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