Featured Sector Analysis

104-ct Diamond Necklace Sells for $5.9m

(IDEX Online ) - A platinum necklace with 104.84 carats of D-color diamonds sold for $5.9m at Christie's Hong Kong Magnificent Jewels Sale.It was the top lot in an auction that netted a total of over $46m.Just over $11m of that was from the sale of 51 pieces from a collection including Cartier, Buccellati, Bulgari, Van Cleef & Ar...

Lucara Forecasts Diamond Revenue of up to $230m for 2023

(IDEX Online) - Lucara has announced increased forecasts for 2023 diamond sales and recoveries.The Canadian miner expects to sell $200m to $230m from its 100 per cent owned Karowe mine, in Botswana, an increase on it 2022 forecast of $185m to $215m.It forecasts sales of 385,000 to 415,000 carats (up from 300,000 to 340,000 carats in 2022)...

Raiders Steal $10m of Luxury Watches

(IDEX Online) - Over 1,000 high-end watches, with an estimated value of over $10m, have been stolen from a safe deposit facility in Berlin.They were being stored by Watchmaster, one of Europe's largest pre-owned watch traders, mostly on behalf of customers who were selling them.Many of the watches were Rolex, Patek Philippe, Omega, A...

Company Press Releases

LUCARA ANNOUNCES OPERATING GUIDANCE FOR 2023

VANCOUVER, BC, Nov. 28, 2022 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2023 (all amounts in USD unless otherwise stated). Please view PDF version. 2023 OUTLOOK This section provides management's production a...

LUCARA ANNOUNCES OPERATING GUIDANCE FOR 2023

VANCOUVER, BC, Nov. 28, 2022 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2023 (all amounts in USD unless otherwise stated). Please view PDF version. 2023 OUTLOOK This section provides management's prod...

Coelacanth Announces Q3 2022 Financial and Operating Results

Calgary, Alberta--(Newsfile Corp. - November 24, 2022) - COELACANTH ENERGY INC. (TSXV: CEI) ("Coelacanth" or the "Company") is pleased to announce its financial and operating results for the three and nine months ended September 30, 2022. All dollar figures are Canadian dollars unless otherwise noted.HIGHLIGHTSOn May 31, 2022, as a resu...

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Diamond Mining News

Expert warns Zim against contracting “ghostly” diamond ...

He discouraged the participation of a grouping of small mining companies in the extraction of the precious mineral saying this was a barrier to

Zimbabwe: Expert Warns Zim Against Contracting 'Ghostly ...

President Emmerson Mnangagwa's government has extended fresh diamond mining rights to Anjin Investments in Chiadzwa, Manicaland,

Diamond Mining Market Growth, Challenges, Opportunities ...

The Global Diamond Mining Market report by UpMarketResearch.com provides a detailed analysis of the area marketplace expanding;

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Popular Post

The upside to the downturn: extraordinary value' for selective investors

There's no doubt that the past few years have been tough on junior miners and those who invest in them. So tough in fact that the World Resource Conference put together each June in Vancouver by Cambridge House has been rebranded as the Canadian Investor Conference, with small-cap tech and "diversified" companies - including those juniors that have recently migrated to the burgeoning medical marijuana sector - invited in to shore up the exhibitors' list and bring in more investors. But while it's easy to dwell on the hardships exploration companies and those who invest in them have had to endure for the past three years, there is an upside to the junior mining industry's current malaise. A panel at the conference, which took place June 1-2, laid out several positives for investors who are...

Peregrine shares pop on 7.5M-carat maiden resource for Chidliak

Peregrine Diamonds (TSX: PGD) has unveiled a maiden resource for the CH-6 kimberlite at its Chidliak diamond project in Nunavut.CH-6 contains an inferred resource of 7.47 million carats in 2.89 million tonnes of kimberlite grading 2.58 carats per tonne. The resource extends to 250 metres depth and CH-6 is open at depth.A valuation of CH-6 diamonds conducted in February revealed an average diamond price of US$213 per carat.Beside and beneath the CH-6 resource, the company has defined a target for further exploration of 2.6 to 3.5 million additional tonnes. About half of that estimated tonnage (1.5 million tonnes) lies at shallow depths of between 105 and 250 metres depth, while the rest is between 250 and 380 metres depth. Peregrine is planning a core drilling program to convert the target...

An adapt-or-die moment for junior miners

Newsletter writer and mining analyst John Kaiser sounds a little dejected as he describes the utterly bleak state of the mining industry today."The phones are completely dead, nobody cares," says the editor of Kaiser Research Online. "Companies can't raise money, it's like a complete dying sector."Kaiser made a now-famous prediction last year that around 500 juniors were bound for "extinction" because of an inability to raise capital, low share prices and negative sentiment on commodities.As of mid-May, that number has grown: Of the roughly 1,800 publicly listed TSX and TSXV companies involved in mining or exploration and listed in the KRO database, 694 had less than $200,000 in working capital - basically the amount needed annually to maintain a listing.Kaiser adds that about 70% of all t...

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