Diamond stocks Articles

Dominion shares tank as fire shuts Ekati plant

Jun. 27, 2016, 12:25 PM / Frik Els

Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) announced on Monday it is still assessing damage after small fire halted processing operations at its ageing Ekati diamond mine in Canada's far north last week.Dominion said in a statement the fire that broke out on Thursday last week was extinguished the same day and all personnel were safely evacuated from the plant and no injuries have been repor...Read More

Gemfields Unveils:Ruby Inspired Stories

Jun. 24, 2016, 8:06 AM / Gemfields

London, 22nd June 2016 - Gemfields, a leading supplier of responsibly sourced coloured gemstones, is proud to unveil Ruby Inspired Stories', a triptych of films featuring up-and-coming global female talent, each exploring the hidden meaning behind these captivating gemstones.A long-established part of myth and tradition, and true to Gemfields' core belief that there is A Story in Every Gemstone',...Read More

Second Latin American Diamond and Jewelry Weekopens at the World Jewelry Hub in Panama City

Jun. 22, 2016, 8:10 AM / World Jewelry Hub (WJH)

Ali Pastorini (third from right), WJH Senior Vice President, and Judy Meana (third from left), WJDH Vice President, flanked by ladies in traditional Panamanian dress, welcoming guests to the Second Latin American Diamond and Jewelry Week at the World Jewelry Hub yesterday.PANAMA: JUNE 22, 2016 - The Second Latin American Diamond and Jewelry Week opened yesterday at the World Jewelry Hub in Panama...Read More

Rio Tinto may be planning a $9bn spinoff a la BHP

Jun. 21, 2016, 10:27 AM / Cecilia Jamasmie

Together with announcing a major management reshuffle and division reorganization, Rio Tinto (ASX, LON:RIO) revived Tuesday rumours of an incoming $9 billion BHP-style spinoff.Soon-to-be Rio's chief executive, Jean-Sbastien Jacques, overhauled the group business divisions, leaving its least loved units - coal, uranium salt, borates and its Iron Ore Co. of Canada - under a new umbrella branded as t...Read More

Petra finds another massive diamond at its Cullinan mine

Jun. 21, 2016, 8:16 AM / Cecilia Jamasmie

London-listed Petra Diamonds (LON:PDL), already known for its major findings of recent months, has just unearthed a 121.26-carat white rock from its Cullinan mine in South Africa.The gem is a Type II diamond "of exceptional colour and clarity", the company said, and is "an outstanding example of the large, high quality diamonds for which the mine is known."The 121.26-carat white diamond, along wit...Read More

Rio Tinto to boot iron ore chief in fresh management shake-up

Jun. 21, 2016, 4:03 AM / Cecilia Jamasmie

Rio Tinto's iron ore will now focus only on the firm's operations in the Pilbara region of Western Australia. Image of the Paraburdoo operation, in the Pilbara, courtesy of Rio Tinto)Ten days before officially assuming as the new chief executive officer of Rio Tinto (ASX, LON:RIO), Jean-Sbastien Jacques has begun making major changes at the top level in an effort to improve the company's balance s...Read More

Alrosa unearths 241.21-carat diamond, one of largest ever found in Russia

Jun. 16, 2016, 3:58 AM / Cecilia Jamasmie

The diamond was found the Nyurbinsky open-pit mine, in Nakyn. (Image courtesy of ALROSA)Russia's Alrosa (MCX:ALRS), the world's top diamond producer by output in carats, has unveiled the discovery of a 241.21-carat rough diamond at its Nyurbinsky open-pit mine.The diamond is one of the largest ever recovered in Russia.The precious rock, said the company, is one of the largest rough diamonds ever r...Read More

ALROSA prepares vehicles for the development of Verkhne-Munskoe deposit

Jun. 15, 2016, 8:43 AM / ALROSA

Udachny, June 15, 2016 - PJSC ALROSA, the world leader in diamond mining, has announced that new motor vehicles were accepted into service in the run-up to the development of Verkhne-Munskoe deposit.Three new Scania road trains with up to 90t payload capacity each, and Tonar semitrailer with up to 130t payload capacity, proceeded to the delivery of diamond-bearing ore from the Zarnitsa pipe to the...Read More

World's largest diamond found in 100 years could fetch over $70M

Jun. 14, 2016, 8:23 AM / Cecilia Jamasmie

A now famous three-billion-year-old diamond the size of a tennis ball found by Canada's Lucara Diamond (TSX:LUC) last year could fetch more than US$70 million (or about Cdn$90M) when it goes under Sotheby's hammer at the end of the month.The giant 1,109-carat rock, known as "Lesedi La Rona" or "our light" (in the Tswana language spoken in Botswana), was unearthed in November at Lucara's Karowe Min...Read More

CHART: Metals, mining stocks outperforming all others

Jun. 13, 2016, 12:00 PM / Frik Els

After three years of steep declines, investors in the mining and metals finally caught a break in 2016.In his weekly report Frank Holmes of US Global Investors includes a chart that shows just how well investors in the sector are faring by highlighting the 10 best performing industries for the year: "Interestingly enough, metals and mining companies, particularly those involved in the gold space,...Read More

The Government of Guinea authorizes formation of the Diamond and Gold Bourse of Guinea (DGBG) in joint venture with Canadians

Jun. 13, 2016, 11:55 AM / Embee Diamonds

Prince Albert, SK. Monday, June 13, 2016: Mr. Saramady Tour, the Guinean Ambassador to Canada, has announced the signing of a government decree by President Professor Alpha Conde, President of the Republic of Guinea for the establishment of the Diamond and Gold Bourse of Guinea Group (DGBG). The Guinea Embassy under the leadership of Ambassador Tour was instrumental to have the Government of Guine...Read More

Massive Cullinan Dream blue diamond fetches over $25m at auction

Jun. 10, 2016, 9:53 AM / Cecilia Jamasmie

The Cullinan Dream in the rough.A 24.18-carat intense blue diamond known as The Cullinan Dream has just sold for $25.4 million at Christie's Magnificent Jewels auction in New York, breaking all records and becoming the most expensive gem of its kind ever sold at auction.The diamond, cut from a 122.52-carat rock found at Petra Diamond's (LON:PDL) Cullinan mine in South Africa in 2014, is the larges...Read More

ALROSA startsthe developmentof a new deposit

Jun. 10, 2016, 9:10 AM / ALROSA

Aikhal, June 10, 2016 - PJSC ALROSA, the world leader in diamond mining, has announced the start of the development of a new deposit, Zarya pipe at Aikhal Mining and Processing Division.Today, the first commercial blasting triggered the first stage of the deposit development - surface stripping to remove barren sedimentary rock overlying the ore body. The mine is to reach its design capacity of 1...Read More

Australia recovers lost ground, named world's top mining investment destination

Jun. 9, 2016, 3:55 AM / Cecilia Jamasmie

Despite a painful readjustment caused by a recent global collapse in commodity prices, Australia is seen as the world's most attractive region for mining investment, according to the latest annual global survey of mining executives released Thursday by the Fraser Institute.Mining has been the driving force of Australia's economy, helping GDP growth average 3.6% a year for most of this century.Mini...Read More

Study of private investors shows how risky mining can be

Jun. 8, 2016, 5:47 PM / Frik Els

According to a new study of private capital in the resources sector from industry tracker Preqin investment firms now have $400 billion assets under management after 10 years of uninterrupted growth.Of this $239 billion represent unrealized value with the remaining $161 billion so-called dry-powder capital ready to invest.2015 could be the first year since 2004 in which positive net capital has b...Read More

Rare Argyle pink diamond jewellery exhibition sparkles in Copenhagen

Jun. 8, 2016, 10:06 AM / Rio Tinto

8 June 2016 Rio Tinto's Argyle Pink Diamonds has partnered with premier Danish luxury jeweller Hartmann's to showcase the finest in beauty and design from Australia and Denmark.A unique two-day exhibition of rare Argyle pink diamond jewellery is being held at the Moltkes Palace in Copenhagen. The US$20 million jewellery exhibition comprises a number of signature pieces of Argyle pink diamond jewe...Read More

Afghanistan deploys security forces in large illegal mining crackdown

Jun. 8, 2016, 3:42 AM / Cecilia Jamasmie

Afghanistan has deployed security forces to ensure that insurgents fighting to overthrow the government do not benefit from illegal mining of lapis lazuli, the semi-precious blue stone once coveted by Egyptian pharaohs.Illegal extraction of lapis lazuli and other minerals is fuelling the rise of the Taliban in a once peaceful corner of the country.The move comes only a few days after anti-corrupti...Read More

2016 metals, mining outlook darkens

Jun. 7, 2016, 1:02 PM / Frik Els

The World Bank is downgrading its 2016 global growth forecast to 2.4% from the already sluggish 2.9% pace projected in January.According to the latest update by the institution, exporting emerging market and developing economies have struggled to adapt to lower prices for oil and other key commodities, and this accounts for half of the downward revision.Growth in these economies is projected to ad...Read More

Top miners squandered $200 billion during boom

Jun. 7, 2016, 10:51 AM / Frik Els

There are many startling statistics in PwC's latest report into the performance of the world's 40 largest mining companies which the management consultants called a "race to the bottom".The Mine 2015 report shows the top 40 companies suffering their first collective net loss in history of $27 billion, a loss in collective market capitalization of 37% (to below half a trillion dollars) with some...Read More

Argyle Pink Diamonds Tender world exclusive preview in Copenhagen

Jun. 7, 2016, 8:50 AM / Rio Tinto

7 June 2016- Rio Tinto's spectacular 2016 Argyle Pink Diamonds Tender has been launched during a world exclusive preview in Copenhagen against the backdrop of a rare Argyle pink diamond jewellery exhibition.The 2016 Argyle Pink Diamonds Tender includes 63 pink, red and violet diamonds and represents the finest of a year's production from Rio Tinto's Argyle diamond mine in Western Australia.The 201...Read More