If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.

The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.

Alrosa has joined rival De Beers’ Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.

Villagers living around the Marange diamond fields would benefit.

Rules threaten the diamond and uranium producer’s ability to attract investment.

The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.

First commercial diamonds from the company’s 70%-owned Mothae mine expected in early November.

“We believe women in West Boyacá are a pillar of society in the area and that these opportunities help reflect the vital, strong and active role women continue to play within their local communities. It is exciting to hear them talking about their jobs at the Coscuez Emerald Mine with so much pride and dedication.” – Dev Shetty, President & CEO of Fura

De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.

The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.

Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.