RAPAPORT... The Renard underground mine in Canada is running at full capacity,after a slower-than-expected transition from open-pit operations in the firsthalf of the year, Stornoway Diamond Corporation said Tuesday.The miner is producing 6,039 tonnes of ore per day from theasset, higher than its initial estimated design capacity of 6,000 tonnes perday, it said.The company had expected the ramp-up...Read More
(IDEX Online) - ALROSA, the world's largest diamond producer by output in carats, will hold its first "True Colour" auction of colored polished diamonds during the upcoming Hong Kong Jewellery & Gem Fair. The collection includes 250 polished diamonds of various shapes and colors - purple, pink, orange and vivid-yellow stones with GIA certificates - some of them of very rare shades. ALR...Read More
(IDEX Online) - Gem Diamonds Limited reported that record recoveries of large, high quality diamonds at its Let??eng mine in Lesotho, combined with the discovery and subsequent sale of the Lesotho Legend, have generated a strong financial performance for the first half of 2018. Revenue for the half year was US$167.7 million, up 81% from US$92.9 million in H1 2017. The 910-carat Lesot...Read More
(IDEX Online) - The National Association of Jewelry Appraisers (NAJA) said it will award an ACE (C) It Appraisal Conference Scholarship to a deserving gemology student. NAJA is inviting GIA, FGA, FGAA, FGG, FCGmA, RGA students to apply for the scholarship for the 51st Annual ACE (C) It Winter Educational Conference scheduled on February 3-4, 2019 in Tucson AZ. "This opportunity giv...Read More
Quebec’s Renard underground mine has achieved its full design capacity of 6 000 t/d, with Stornoway Diamond Corp on Tuesday declaring the underground ramp-up completed.Over a 20-day period ended on August 29, ore mucked and trucked to surface averaged 6 039 t/d, against a budgeted design capacity of 6 000 t/d.AdvertisementOre production is now being sourced from 16 active draw-points de...Read More
JOHANNESBURG (miningweekly.com) – The strengthening of the diversified geographic footprint of mining technology company Master Drilling is continuing with the announcement on Wednesday that the Johannesburg Stock Exchange company had entered into agreements to acquire the businesses of the Atlantis Group, a South African headquartered multinational mining contracting company specialising in...Read More
Record recoveries of large, high-quality diamonds at the Letšeng mine, in Lesotho, contributed to a strong financial performance for LSE-listed Gem Diamonds in the first half of this year.The miner, which recovered ten diamonds weighing more than 100 ct each during the six months, on Wednesday reported an 81% year-on-year increase in revenue to $167.7-million, compared with the $92.9-millio...Read More
RAPAPORT... The Renard underground mine in Canada is running at full capacity,after a slower-than-expected transition from open-pit operations in the firsthalf of the year, Stornoway Diamond Corporation said Tuesday.The miner is producing 6,039 tonnes of ore per day from theasset, higher than its initial estimated design capacity of 6,000 tonnes perday, it said.The company had expected the ramp-up...Read More
After shocking the market with a decision to start selling jewellery containing synthetic diamonds, Anglo American's De Beers is planning to let buyers refuse some lower-quality stones.The unusual move (the world's No.1 diamond miner is famous for requiring buyers to take what's offered) says lots about the state of the low-end diamond market. The last time De Beers did something similar, in fact,...Read More
RAPAPORT... Pandora topped an annual rating comparing responsiblesourcing by the 10 largest companies in the fashion industry. For the second year running, the jeweler ranked ahead ofluxury vendors, including Kering, Richemont, LVMH and Swatch Group on MorganStanley's yearly Environmental, Social and Governmental (ESG) report. The investment bank graded Pandora highly for itsresponsible purchasin...Read More
RAPAPORT... Only a year ago, very few in the diamond industry would haveheard of POZ Minerals. But the company, better known as a phosphates producer,is trying to build a portfolio of projects in Western Australia that could makeit a niche supplier of fancy-yellow diamonds. POZ announced Tuesday that it was bidding for the Ellendalemine after the state government's call for investors in the asset...Read More
RAPAPORT PRESS RELEASE, September 4, 2018, New York... Diamond prices dropped slightly in August due to slow trading during the summer vacation. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 0.5% during the month - typically a quieter period, as bourses in Belgium and Israel close for business. After a strong first half, the 1-carat RAPI index was 2.5% higher than in the beginning...Read More
PERTH (miningweekly.com) – ASX-listed POZ Minerals on Tuesday told shareholders that it will throw its hat in the ring for the Ellendale diamond mine, in Western Australia.The state government in late August announced that it was looking for a new owner to reopen the Ellendale mine, with expressions of interest (EOI) expected to close at the end of November.AdvertisementThe Minister of Mines...Read More
(IDEX Online) - Stornoway Diamond Corporation said it has achieved sustained underground mine production at the Renard Diamond Mine at or above the mine's design capacity. This marks the completion of the production ramp-up of the underground mine. Over a 20-day period ending August 29, ore trucked to surface averaged 6,039 tonnes per day against a budgeted design capacity of 6,000 tonnes p...Read More
LONDON – De Beers hasn’t even opened its first synthetic diamond store, but its looming entry into the market for man-made gems has already shaken the industry.The unit of Anglo American said three months ago that it plans to sell lab-grown diamonds at a fraction of the going rate, undercutting rivals like Chatham Created Gems and Diamond Foundry. That’s already cut the price of...Read More
(IDEX Online) - A new children's rehabilitation center, to which Russian diamond miner ALROSA contributed RUB 120 million ($1.77 million) to the construction costs, opened in Mirny on September 3. The opening ceremony was attended by the acting Head of the Republic Aysen Nikolayev, the Head of Mirny District Municipal Entity, Rishat Yuzmukhametov, and ALROSA's First Deputy CEO - E...Read More
LONDON – De Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week, according to people familiar with the situation.It’s a rare move by De Beers, which is famous for requiring buyers to take what’s offered, and highlights the weak state of the low-end diamond market. The diamond miner made a similar gesture in 2016, when India’s move...Read More
Aim-listed BlueRock Diamonds, which owns and operates the Kareevlei diamond mine, nearly Kimberley, in the Northern Cape, has started kimberlite processing from the KV1 pipe – the mine’s second kimberlite pipe.KV1 is one of five known kimberlite pipes within the Kareevlei project area and has an inferred mineral resource grade of 6.3 carats per hundred tonnes (cpht), which is 40% great...Read More
RAPAPORT... Only a year ago, very few in the diamond industry would haveheard of POZ Minerals. But the company, better known as a phosphates producer,is trying to build a portfolio of projects in Western Australia that could makeit a niche supplier of fancy-yellow diamonds. POZ announced Tuesday that it was bidding for the Ellendalemine after the state government's call for investors in the asset...Read More
De Beers is allowing its diamond buyers to refuse some lower-quality stones at its sale this week, according to people familiar with the situation.It's a rare move by De Beers, which is famous for requiring buyers to take what's offered and highlights the weak state of the low-end diamond market. The diamond miner made a similar gesture in 2016, when India's move to ban high-value currency notes d...Read More