Diamond stocks Articles

Vacuum technologyfor secure conveyance

October 05, 2017 / Marleny Arnoldi     

It is often more beneficial to use vacuum technology for material conveyance in mineral and metal processing plants, compared with traditional conveyors, as material is sealed inside an enclosed pipe, preventing potential spillages. Heavy-duty solutions provider Hencon Vacuum Technologies (Hencon VT) GM David de Oliveira tells Mining Weekly that this method of conveying material is often used in t...Read More

De Beers' diamond exploration grinding to halt on government issues

5th October 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - The exploration programme of De Beers Consolidated Mines (DBCM) is grinding to a halt owing to the ongoing issues the iconic diamond mining company is experiencing with South Africa's Department of Minerals Resources (DMR).With the hold-up of as many as 54 prospecting licence applications for as long as two years as well as Mining Charter Three deal-breakers, DBCM...Read More

Massive diamond found by Sierra Leone pastor in Antwerp for sale

Oct. 4, 2017, 12:28 PM / Cecilia Jamasmie

The government of Sierra Leone confirmed Wednesday that a 709.41-carat diamond found by a local pastor early this year is currently in Antwerp, Belgium, for auction and sale.The massive rock, located in the Kono district, is considered to be one of the world's 20 largest rough precious rocks ever found.It's the second-largest diamond ever found in the West African nation.Pastor Emmanuel Momoh's fi...Read More

ALROSA starts removing ore from Verkhne-Munskoe deposit

Oct. 4, 2017, 11:31 AM / ALROSA

The first ore from Zapolyarny open-pit mine of Verkhne-Munskoe kimberlite field in the Republic of Sakha (Yakutia) was delivered to the stockpile of the processing plant No. 12 at Udachny Mining and Processing Division. There are plans to remove a total of 75,000 tons of ore from the new deposit before the end of the year.All the transported ore will be processed at the processing plant No. 12. Ex...Read More

Alrosa starts removing ore from Verkhne-Munskoe deposit

4th October 2017 / Mariaan Webb     

JOHANNESBURG (miningweekly.com) - Russian diamond miner Alrosa has started removing ore from the Verkhne-Munskoe kimberlite field, in Saskha, to confirm the diamond content as it works towards a 2018 production starting date for the project.The Verkhne-Munskoe deposit - Alrosa's largest investment project -contains for kimberlite pipes with an inventory of 38.4-million carats.AdvertisementAlrosa i...Read More

Kennady reports maiden 5.02m ct resource for Faraday kimberlites

4th October 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - Explorer Kennady Diamonds has reported a maiden inferred resource for the Faraday kimberlites near the Gahcho Ku mine, in Canada's Northwest Territories of more than 5.02-million carats.The Toronto-headquartered company, the exploration spinout of Mountain Province Diamonds, on Tuesday reported a compliant inferred resource estimated at 3.27-million tonnes grading 1....Read More

Three Britons Wanted By Police For Tokyo Diamond Heist

October 04, 17 / Albert Robinson

(IDEX Online) - Three British men are being placed an international wanted list relating to the theft of hundreds of thousands of dollars worth of jewelry from a Tokyo store. The men are suspected of involvement in a robbery two years ago at a Harry Winston store in Omotesando Hills, an upscale shopping complex in Tokyo. They are believed to have hit a security guard at the entrance to the com...Read More

CIBJO's Ethics Commission Releases Special Report Ahead Of Congress

October 04, 17 / Albert Robinson

(IDEX Online) - CIBJO's Ethics Commission has released its Special Report ahead of the CIBJO Congress in Bangkok that begins on November 5. Prepared by Ethics Commission President Cecilia Gardner, the report focuses on social investment in and by the jewelry industry, looking at how it is proliferating through activism at the grassroots level. "The task of initiating proactive sustainabil...Read More

ALROSA Begins Removal of Ore From Verkhne-Munskoe Deposit

October 04, 17 / Albert Robinson

(IDEX Online) - The first ore from Zapolyarny open-pit mine of Verkhne-Munskoe kimberlite field in the Republic of Sakha (Yakutia) was delivered to the stockpile of the processing plant No. 12 at Udachny Mining and Processing Division, ALROSA said. It is planned to remove 75,000 tons of ore from the new deposit before the end of the year. All the transported ore will be processed at the proce...Read More

AGS Launches Revamped Website To Help Members And Consumers

October 04, 17 / Albert Robinson

(IDEX Online) - The American Gem Society (AGS) is launching a revamped website which it says will help consumers easily find the information they need to make an informed jewelry purchase. For AGS members, the new website allows for real-time updates to their profiles on the Find a Jeweler, Find a Professional Jeweler, Find an Appraiser and Find a Supplier searches, which helps connect customers...Read More

GIA Education Campus Opens In Tokyo, Graduate Diploma To Be Offered In Japanese

October 04, 17 / Albert Robinson

(IDEX Online) - Gemological Institute of America (GIA) President and CEO Susan Jacques announced the opening of GIA's Tokyo campus at an event in the Japanese capital where she spoke to leading members of the Japanese gem and jewelry industry, many of them GIA alumni. "We are thrilled to see the many years of GIA's commitment and involvement in Japan culminate in the return of GIA education cour...Read More

Rip up charter, provide tax incentives, back junior miners - Maimane

4th October 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - Mining Charter Three should be ripped up, proper tax incentives introduced and junior mining enterprises supported to restore investment in the mining industry, which is a stimulator of the South African economy as a whole, Opposition Democratic Alliance leader Mmusi Maimane said on Wednesday.Delivering a keynote address on the first day of the fifth Joburg Indaba...Read More

Firestone Diamonds soars on largest find to date at Lesotho mine

Oct. 3, 2017, 5:21 AM / Cecilia Jamasmie

Shares in Africa-focused Firestone Diamonds (LON:FDI) skyrocketed on Tuesday after the company announced it had recovered a 134 carat gem-quality light yellow diamond from its Liqhobong mine in Lesotho.The precious rock, the miner said, it's the largest diamond recovered by the company to date.Since production began at Liqhobong a year ago, Firestone has recovered 22 stones carats at Liqhobong lar...Read More

Alrosa Eyes New York Relaunch

Oct 03, 2017 / Rapaport News

RAPAPORT... Alrosa is planning to recommence operations at its New Yorktrading office, which has been effectively out of action since 2016.The Russian miner is considering a number of candidates for theposition of head of Arcos USA, its New York operation. The company expects the unit to be active again late this year or early next, it said in arecent statement. "The US is the world's largest diam...Read More

Diamond Prices Decline in September

Oct 03, 2017 / Rapaport

RAPAPORT PRESS RELEASE, October 3, 2017, New York... Diamond prices softened in September as suppliers worked to liquidate old stock. Sentiment improved as trading returned to normal at the Hong Kong Jewellery & Gem Fair, with steady demand for goods at lower prices. The RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.7% in September and 2% during the third quarter. The index is down 4.5%...Read More

Firestone Rethinks Liqhobong Mine Plan

Oct 03, 2017 / Rapaport News

RAPAPORT... Firestone Diamonds is revising its mining plan and hasopened talks with its lender after recording disappointing prices at its Liqhobongmine in Lesotho. The company's last two sales yielded just $69 per carat,compared with the $107 per carat it had previously assumed to be the mine'svalue, Firestone said in a statement Friday. The company sold 195,330 carats ofrough for a total of $13....Read More

World Ruby Forum Announces Speakers for November Seminar

October 03, 17 / Albert Robinson

(IDEX Online) - Organizers of the World Ruby Forum announced the lineup of speakers for the November 4 event in Bangkok which is being held in association with the CIBJO Congress which begins the following day. Speakers include Richard W. Hughes of Lotus Gemology, who will talk about Seeing Red: A Passionate Guide to Ruby'; Vincent Pardieu of VP Consulting and Cedric Simonet from Akili Mine...Read More

Firestone recovers its largest diamond to date

3rd October 2017 / Natasha Odendaal     

JOHANNESBURG (miningweekly.com) - Aim-listed Firestone Diamonds has recovered its largest diamond to date - a 134 ct gem-quality light yellow diamond - from its Liqhobong mine, in Lesotho.The company believes the recovery, which is the second 100 ct-plus diamond recovered since production started, reinforced the potential for large stones at Liqhobong as early-stage mining continues.AdvertisementI...Read More

Material, newsworthy' diamond finds on the rise - analyst

3rd October 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - There has been a marked increase in the number of publicly reported special diamond finds in recent years, with 61 of 66 press-released diamond finds in the last nine years taking place in the last five years, noted independent diamond industry analyst and consultant Paul Zimnisky in a new report published Monday.The New York-based analyst dissected available press r...Read More

Discovery of newsworthy diamonds picks up

Oct. 2, 2017, 11:50 AM / Paul Zimnisky

If it seems like the number of record-breaking and other noteworthy diamonds discovered has been increasing in recent years, it's because they are. Over the last nine years 66 press-released-diamonds were recovered, and 61 of those have been found within the last five years.These diamonds were considered special enough that the company that discovered them subsequently issued a press release to an...Read More