Diamond News

Diamond mining and investment news

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Tanzania has enough diamond supply for the next 50 years: report

Cecilia Jamasmie | May 21, 2013
Tanzania has enough diamond supply for the next 50 years: report

Tanzania’s main diamond mine, Williamson, has a potential mine life of over 50 years, although the current mine plan only accounts for 18 years.

Commodity supercycle is essentially over: Citigroup

Cecilia Jamasmie | May 21, 2013
Commodity supercycle is essentially over: Citigroup

Group expects 2013 to be year in which “the death bells ring for the commodity supercycle after its duly noted sunset.”

Beating the diamond rush

waldman

Increasing interest in diamonds as an asset class should alert the savvy investor to get on board before the idea of diamond investing catches on and prices start to rise.

BMO predicts diamond prices to rise 6% per year

Kerry Hall | May 21, 2013
India diamond consumer

Growing consumer demand in China and India combined with scarcer supplies will drive the market.

Ghana creates new task force to fight illegal mining

Kerry Hall | May 20, 2013
Over 300 illegal miners died in Ghana in the last two years

Government vows to pursue both foreigners and locals involved with bad practices in gold and diamond extraction.

Why diamond investing is the new 'golden opportunity'

Value Walk | May 19, 2013

For the first time in history, diamond prices are no longer manipulated and are now a product of true market forces.

Coloured gem market mysterious and poorly understood

Kerry Hall | May 17, 2013
Rubies uncut

VIDEO: The precious coloured stones are just as valuable as diamonds.

Tommy Humphreys

No money in mining? Go where the money is

Tommy Humphreys | May 17, 2013

“I prefer moving from cycle to cycle. Money flows are really the key thing, and a bull market is clearly coming in technology.”

Rio Tinto sets a new record for rare red diamonds from its Argyle Diamond Mine

Rio Tinto | May 17, 2013
argyle diamond Rio Tinto

The Argyle Diamond Mine produces more than 90 per cent of the world's pink diamonds.

'Perfect' diamond sells for $26.7m at auction

Kerry Hall | May 15, 2013
Diamond 101.73 carats

The flawless 101.73 carat gem set a new world price record.

Gemstone miner Richland Resources' results affected by illegal mining

Kerry Hall | May 14, 2013
Tanzanite

Unregulated miners in Tanzania are hurting operations and the extraction of high quality tanzanite gems.

Lucara Diamond Corp. first quarter results

MINING.com Editor | May 14, 2013
Diamond sorters at Karowe mine

Company continues growth trend from last year.

Diamond mining in Africa

Investing News Network | May 14, 2013
diamond shutterstock 333

With 1.9 billion carats produced, the continent has mined about $158 billion worth of the gems.

Dominion Diamond boosts 2013 production guidance

Kerry Hall | May 13, 2013
Dominion diamonds

Company also forecast $730 million in sales for the 2014 fiscal year.

Brazil Minerals, Inc. adds gold revenues to its diamond sales

Market Wire | May 13, 2013

Company acquires majority ownership of producing mine.

Petra Diamonds boosts production and sales

Kerry Hall | May 9, 2013
Williamson mine, Tanzania

Company says the rough diamond market continues on a firmer trend.

Police arrest 31 suspects for $50m diamond robbery in Belgium

Kerry Hall | May 8, 2013
Belgian police

VIDEO: Authorities also recovered many of the gemstones, a bunch of money and a few luxury cars.

Shahriar (Sean) Shafiee

Why Australia is the richest mining territory in one table

Shahriar (Sean) Shafiee | May 8, 2013

Income generated by the mining sector accounted for 6% of GDP in 2012.

Transfer pricing: resource nationalism’s new battleground?

Moves to tighten tax collection and enforcement are a natural accompaniment to more stringent fiscal and local content regimes.

Quebec proposes new mining tax

Kerry Hall | May 7, 2013
Lapa mine, Quebec

The new scheme is a hybrid regime, including both a minimum royalty and a progressive tax based on profits.

Lucapa Diamond Co. identifies new kimberlite targets

Kerry Hall | May 6, 2013
Diamonds unprocessed

Preliminary data from the Lulo concession in Angola looks promising.

Kimberley Process may ban diamond exports from Central African Republic

Kerry Hall | May 6, 2013
Rough Diamonds

International certification body may suspend country for non-compliance.

Big Mick Davis and Goldman Sachs building takeover war chest

Frik Els | May 6, 2013
Big Mick Davis hires Goldman for takeover war chest

Outgoing Xstrata chief won't be sitting still after Glencore takeover.

Michael Allan McCrae

The copywriter who wrote the De Beers slogan

Michael Allan McCrae | May 4, 2013

"A diamond is forever."

PureFunds’ Paul Zimnisky talks diamond ETF investing

Investing News Network | May 3, 2013
Diamonds corner array

How the ETF works, how it benefits investors and why now is a good time to get involved in the diamond industry.

Australia's Argyle diamond mine opens underground operations

Kerry Hall | April 30, 2013
Argyle Diamond Mine

Mine life will be extended until 2020 at minimum.

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