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ALROSA President to attend 2015 Presidents' Meeting

Andrey Zharkov, the newly appointed President of the Russian mining company ALROSA, the world's largest diamond producer by volume, confirmed that he will be heading an ALROSA delegation to attend the 2015 Presidents' Meeting in Tel Aviv next week.

Alrosa Discovers 78-Carat Stone at Mir

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Russian diamond mining giant Alrosa has recovered a 78.02-carat diamond from its Mir kimberlite pipe. 
 
The miner, which produces a quarter of global output, said in a statement that the diamond measures 28.5mm by 28.4mm by 24.2mm.
 
The stone has some small inclusions, and is transparent with yellowish and greenish hues, the firm said. 
 
Alrosa analysts at its Diamond Sorting Center estimate the auction value of the diamond at in excess of $600,000.
 

Diamond Miners Creating Producers Association

The Diamond Producers Association aims to support the development of the diamond sector.

Seven of the world’s leading diamond mining companies are to form a new body called the Diamond Producers Association (DPA).

The founding members – ALROSA, De Beers, Rio Tinto, Dominion Diamond Corporation, Lucara Diamond Corporation, Petra Diamonds Ltd, and Gem Diamonds Ltd will work together to support the development of the diamond sector.

Stellar Diamonds Announces First Diamond Sales and Revenues

Stellar Diamonds plc, the diamond development company focused on West Africa, announced the sale of 4,414 carats of diamonds in Antwerp for gross revenues of $417,122.

The sale included excellent quality white stones, with a value of $5,000 per carat achieved for one particular five carat stone.

The company withheld 1,617 carats from the sale as the bid prices were not considered acceptable. These goods will be added to future exports and be offered for sale at a later date.

Botswana Diamonds Wins New License in Orapa

The Directors of Botswana Diamonds announced that the Botswana government has awarded a new license, PL 085/2015, to Atlas Minerals, the local subsidiary company.

It will be explored as part of the ongoing 50/50 exploration joint venture between Botswana Diamonds and Alrosa.

Zimbabwe Aiming to Merge All Diamond Miners Into One Company

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Zimbabwe wants to merge all diamond mining firms in the country, including the local unit of Rio Tinto, into one company in which the state will own just over half of the shares, the country’s minister of mines said in parliament.

The government announced previously that it aims to merge some of the diamond companies operating in the Marange area, in which it already owns 50 percent of the shares, to improve transparency.

Strong Ekati and Diavik Mine Output in Q4, Says Dominion

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Dominion Diamond Corporation reported that Ekati Diamond Mine and Diavik Diamond Mine fourth fiscal quarter 2015 (November through January) production and sales results were solid in the three-month period.

Despite good Christmas sales in the important U.S market, weakness in rough and polished prices towards the end of fiscal 2015, primarily caused by a tightening of available bank financing to the cutting and polishing industry, has resulted in lower rough diamond sales than the Company had previously expected during the period.

Mountain Province Diamonds In C$95M Rights Offering

Mountain Province Diamonds Inc. is undertaking a C$95M rights offering in order to fund a US$75M cost overrun facility, the arrangement of which is a condition precedent to drawdown of the previously announced US$370M term loan facility.

Ex-Belgian PM To Keynote at Dubai Diamond Conference 2015

The Dubai Diamond Exchange (DDE) has announced that the two-day Dubai Diamond Conference 2015 will be officially opened by Former EU President Herman Van Rompuy.

The conference will take place from 21 to 22 April at the iconic Almas Tower home to the DDE and one of the world’s leading marketplaces for diamonds.

De Beers' 2014 Output up 5% to 32.6 Million Carats

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De Beers' mother company, Anglo American, reported that the diamond miner's production rose 5% to 32.6 million carats, and that this year the company expects production to be in the range of 32-34 million carats. De Beers' underlying earnings soared 74% on the year to $923 million in 2014, according to Anglo American’s share in De Beers, with expansion being driven by higher rough diamond prices and lower operating costs.
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