Diamond stocks Articles

Diamonds Mining Companies Listed in All Countries

2018-07-23 / Staff reporter

Compare(Show all)CompanyTickerLast Price (native)Change (native)Change (%)Day LowDay High52 Week Low52 Week HighVolumeMC (M CAD$)  Rio Tinto Ltd.RIO.AX80.08-0.660-0.82%79.1879.8062.1187.09167,431133,692.0  Anglo American plcAAL.L1,622.00-22.200-1.37%1,585.201,635.401,072.501,948.006,090,21138,568.7  Lucara DiamondCorp.LUCRF1.600.0392.44%1.611.641.512.3325,200866.2&nbs...Read More

Stock quotes of diamond mining companies

Jul 23, 2018 / Staff reporter

Stock quotes of diamond mining companiesCompanyStockExchangeTickerPriceper shareChange(%)Market capitalization(in local currency and USD)ALROSAMICEX- RTSALRS75.200RUB0.000%553,845,415,376.00RUB9,784,926,219.00USDALROSA-NyurbaMICEX- RTSALNU163,000.000RUB0.000%130,400,000,000.00RUB2,303,809,589.00USDAfri-Can Marine MineralsCVE-AFAAFA0.000CADnan%0.00CAD0.00USDDiamond Fields International Ltd.TSX Vent...Read More

Alrosa to start diamond mining at Zarya by 2019

Jul. 22, 2018, 8:32 AM / Valentina Ruiz Leotaud

Russian giant Alrosa (MCX:ALRS) confirmed that diamond mining at its Zarya deposit will start in 2019. In a press release, Alrosa explained that after removing 10 million cubic meters of overburden for over two years, the development of the new deposit is going as planned and is entering the final stages. The depth of the open pit mine now reaches 100 metres. Once completed, the mine is expected t...Read More

Higher Grades Boost Mountain Province

Jul 22, 2018 / Rapaport News

RAPAPORT... Production at the Gahcho Ku mine increased 20% year on year to1.9 million carats in the second quarter, as the asset yielded higher-graderecovery. "The second-quarter performance continues to follow thetrend of ongoing excellent performance set by the Gahcho Ku mine team, in asafe and sustainable manner," Stuart Brown, CEO of Mountain Province, whichowns the mine in a joint venture wit...Read More

AIGS Warns About Fake Gem Reports

Jul 22, 2018 / Rapaport News

RAPAPORT... The Asian Institute of Gemological Sciences (AIGS) hasissued a warning to the international diamond industry over fake gemstonereports bearing its logo.The counterfeit reports contain a working QR code thatdirects users to a fake website with the suffix co, rather than com."Some unscrupulous people have decided to rip off customersby using AIGS's name," AIGS chairman Kennedyy Ho said l...Read More

Zimbabwe Production Soars in First Half

Jul 22, 2018 / Rapaport News

RAPAPORT... Zimbabwe's state diamond producer recorded a 44% increase inoutput in the first half of 2018 following investments in mining and processingcapacity. The Zimbabwe Consolidated Diamond Company (ZCDC) recovered1.6 million carats in the six months ending June 30, compared with 1.1 millioncarats a year ago, a spokesperson for the miner told Rapaport News lastweek. The company produced...Read More

Hong Kong Sales Drive Luk Fook Growth

Jul 22, 2018 / Rapaport News

RAPAPORT... Luk Fook's same-store sales increased 22% year on year inthe first fiscal quarter, driven by a 26% rise in Hong Kong and Macau. Same-store gold sales - at Luk Fook outlets open formore than a year - in Hong Kong and Macau jumped 34% in the three monthsending June 30, while gem-set jewelry purchases climbed 19%. The jeweler released figures for sales atshops it operates itself, but excl...Read More

Alrosa to Begin Production on New $1B Asset

Jul 22, 2018 / Rapaport News

RAPAPORT... Alrosa will begin production next year on its new Zaryadeposit, estimated to contain over $1 billion in diamond reserves. The mine contains approximately 3.5 million carats, and willreplace production from the miner's Komsomolskaya pipe, which is nearing end ofmine life. "The open-pit mine construction is planned to be completedin 2019," Timofey Baishev, deputy head of production of t...Read More

Mining Preparation Operations At New Zarya Deposit Entering Final Stage

July 22, 18 / Staff Reporter

(IDEX Online) - Mining preparation operations at the new diamond deposit Zarya of ALROSA in the Republic of Sakha (Yakutia), which began in June 2016, are entering the final stage, the miner said. Over the past two years, 10 million cubic meters of overburden have been removed from the open pit mine, and its depth reached 100 meters. Diamond mining, as planned, will begin next year.  The depo...Read More

Jewelers for Children Announces Annual JFC Day

July 22, 18 / Staff Reporter

(IDEX Online) - Jewelers for Children will celebrate its first annual JFC Day on September 29, for supporters and potential new ones to celebrate the success of the industry's support for children in need and raise visibility and funds for the charity. JFC Day is the brain child of Steven Vardi, a JFC board member who helped develop the concept along with JFC's Marketing Committee. "We'll be ask...Read More

Construction project boosts services demand

20th July 2018 / Melissa Zisengwe     

Multidisciplinary engineering service provider TDS Projects Construction has secured an integrated construction project, which has significantly boosted the company’s order book and the demand for construction services in the local mining sector.In June, TDS was awarded two distinct, but integrated projects at coal and heavy minerals mining company Exxaro’s Matla coal mine, in Kriel, M...Read More

De Beers buys Canada's Peregrine Diamonds for $81 million

Jul. 19, 2018, 6:37 AM / Cecilia Jamasmie

Anglo American's De Beers has agreed to buy Canada's Peregrine Diamonds (TSE:PGD), the company behind the Chidliak project in the Canadian territory of Nunavut, as the world's largest roughs producer by value needs to replace its closing mines in the country.The Cdn$107 million-deal ($81m) extends De Beer's footprint in Canada's frozen north beyond the Gahcho Ku joint-venture, which recently achie...Read More

Miners wrote off almost one-third of investments over last decade

Jul. 19, 2018, 3:43 AM / Cecilia Jamasmie

While global miners invested almost $1 trillion in major projects over the last decade, almost one-third of that - $273 billion to be precise - was written off, research from Morgan Stanley shows.In a study carried out in conjunction with PricewaterhouseCoopers (PwC), the American investment bank found that the extent of the write-downs was almost as high as the dividends paid by the world's top 4...Read More

Rapaport Weekly Market Comment

Jul 19, 2018 / Rapaport News

Slow trading,with dealers in summer vacation mode. Bargain-hunters asking for higherdiscounts during quiet period, but suppliers holding prices firm. Difficult toreplace goods after recent price hikes and with fewer RapSpec A2+ goods on themarket. US retail seasonally slow, but e-commerce strong as record Prime Daysales exceed Amazon's Cyber Monday and Black Friday. Asia growth continues withChow...Read More

India: Few Overseas Buyers in Market

Jul 19, 2018 / Rapaport News

Sentiment down dueto sluggish summer demand, depreciating rupee and rumors of furtherbankruptcies. Dealers also frustrated by slower turnover, as authorities withholdshipments following $440 million fraud involving customs officials. Fewer overseasbuyers in the market. 1 ct. and dossiers moving well. Rough demand stable, butmanufacturers careful not to build up excess inventory. RoundRead More

De Beers Buys Peregrine Diamonds for $81M

Jul 19, 2018 / Rapaport News

RAPAPORT... De Beers' Canada business has agreed to acquire explorationcompany Peregrine Diamonds, which owns the promising Chidliak resource, thecompanies said Thursday. De Beers will buy 100% of Peregrine for about $80.6 million(CAD 107 million) in cash, and expects to complete the deal by September. The current focuses of Peregrine's development program areChidliak's CH-6 and CH-7 projects, tw...Read More

Hong Kong Growth Boosts Chow Tai Fook

Jul 19, 2018 / Rapaport News

RAPAPORT... Chow Tai Fook's sales grew strongly in the first fiscalquarter due to stronger consumer sentiment in Hong Kong and increased tourismto the municipality from mainland China. Retail sales jumped 21% in Hong Kong and Macau in the threemonths ending June 30, while same-store sales - at branches open for at leastyear - surged 26%, the jeweler reported last week. Mainland retail salesincreas...Read More

De Beers Sales Volume Rises in Positive Market

Jul 19, 2018 / Rapaport News

RAPAPORT... De Beers' sales volume and production grew sharply in thesecond quarter amid strong trading conditions, the miner's parent companyreported Thursday. Rough-diamond sales rose 69% to 10 million carats during thethree months ending June 30, Anglo American said. The increase from 5.9 millioncarats a year ago reflects resurgent demand, as well as the fact that De Beersheld three sights duri...Read More

133 Jewelers Join Sector in First Half

Jul 19, 2018 / Rapaport News

RAPAPORT... The number of new jewelry businesses in the US jumped 87% inthe first half of the year, even as the industry continued to shrink overall. A total of 133 companies entered the sector in the sixmonths to June 30, compared with 71 in the same period last year, the JewelersBoard of Trade (JBT) reported Wednesday. Most of the new businesses wereretailers (108 versus 59 a year ago), while th...Read More

De Beers To Acquire Peregrine Diamonds Ltd for $81M

July 19, 18 / Staff Reporter

(IDEX Online) - De Beers Group is pleased to announce that its Canadian mining business, De Beers Canada, has entered into an agreement to acquire 100% of the outstanding securities of Peregrine Diamonds Ltd, the owner of the high quality Chidliak diamond resource located in Canada's Nunavut Territory, at a purchase price of C$0.24 per share, for a total cash consideration of approximately C$107 m...Read More