Diamond News

Diamond mining and investment news

ALROSA president resigns for health reasons

Michael Allan McCrae | September 22, 2014
mir open pit mine feat

Vice-president becomes acting president.

Rio Tinto celebrates Chow Tai Fook milestone with diamond masterpiece and new jewellery collection

Rio Tinto | September 23, 2014

Diamonds from Rio Tinto’s Argyle mine in Western Australia will be showcased across China in an unprecedented fashion from next month, headlined by a special white and champagne diamond encrusted tiara.

Game theory in the rough diamond market – buy the box?

Natural Transactions | September 23, 2014

The mechanism to buy and sell rough diamonds is bizarre. Diamonds are sold in “boxes”, collections of diamonds with similar characteristics, where values ranging from $100,000 to $1.5 million

Challenges abound for diamond industry, despite growing demand: De Beers

Canadian Mining Journal | September 18, 2014

In its first ever public report on the state of the diamond industry, diamond miner and retailer De Beers paints a picture of an industry that will likely struggle to meet future demand while also facing increasing competition from other luxury…

Diamond market grows to record $79 billion

Frik Els | September 18, 2014
Diamond market grows to record $79 billion

But new report by De Beers cautions that declining production could see the industry lose ground to other categories.

Eric Coffin: can investors still find tenbaggers?

The Gold Report | September 17, 2014
30 years after Hunt bros, scramble to take over London silver fix

Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.

Breaking open the inside of a comet

Michael Allan McCrae | September 17, 2014
what is a comet made of 333

Diamond, graphite and silicon carbide to name a few.

Kennady Diamonds announces $5M non-brokered private placement

CNW Group | September 16, 2014
Kennady Diamonds drilling program

Kennady Diamonds Inc. controls 100 percent of the Kennady North diamond project located immediately to the north, west and south of the Gahcho Kué diamond mine currently under development by De Beers and Mountain Province Diamonds.

Frik Els

$8bn mining private equity needs to be spent. And soon

Frik Els | September 14, 2014
$8bn mining private equity needs to be spent. And soon

Countercyclical investors sitting on $8 billion unspent funds have been waiting for clear signs of a market bottom. The wait may well be over.

True North Gems secures $11 million finance package for the Aappaluttoq Ruby Project in SW Greenland

Marketwired | September 11, 2014

Company says the agreement will provide additional resources to transition quickly into the construction phase of the project.

South Africa’s mining output at lowest in over 18 months

Cecilia Jamasmie | September 11, 2014
South Africa’s mining output at lowest in over 18 months

Platinum and gold sectors among the worst performers due to labour strikes that cripple the industry early this year.

These are the top risks miners face

Cecilia Jamasmie | September 11, 2014
These are the top risks miners face these days

Productivity, followed by capital decisions and obtaining a social license to operate, are among the top risks global mining and metals companies face.

Term contract pricing in the diamond market- Paying for supply security

Natural Transactions | September 10, 2014

The essence of a term contract is that the price is being set in the spot market. Now this poses a question for price discovery mechanism – is the spot market an accurate reflection of the total market preferences?

Market design in the rough diamond market – seeing something new

Natural Transactions | September 10, 2014

The game of interaction between buyers and sellers of the diamond market is peculiar and inefficient.

This is the $10 million-plus white diamond just found in South Africa

Cecilia Jamasmie | September 10, 2014
This is the $10 million-plus white diamond just found in South Africa

Analysts predict could fetch between $10 million to $16 million.

New wave of diamond fever sweeps Canada’s Northwest Territories

Prima Diamond Corp. | September 10, 2014
New wave of diamond fever sweeps Canada’s Northwest Territories

Diamond deposits, in the words of one senior geologist, are like pigeons. Where you find one, you're likely to find an entire flock.

INFOGRAPHIC: Geosynthetics — an $18 billion market

Cecilia Jamasmie | September 8, 2014
INFOGRAPHIC: Geosynthetics — an $18 billion market

First international conference about geosynthetics in mining begins Monday.

Anglo American chief not going for any major corporate split

Cecilia Jamasmie | September 7, 2014
Anglo American chief not going for any major corporate split

A big corporate break-up à la BHP Billiton is definitively not in his books, he told FT.com.

$6m diamond goes missing during labour dispute

Frik Els | September 4, 2014
$6m diamond goes missing during strike

The Namibia Diamond Trading Co, a joint venture with De Beers, lays charge of theft of the 78-carat stone which could be worth up to $6 million.

Frik Els

Glasenberg pooh-poohs Anglo takeover

Frik Els | September 3, 2014
Glasenberg pooh-poohs Anglo takeover

There's a history there of course. Just ask Mick Davis.

Will Canadian regulators be able to avoid the final fatal crash of the TSX Venture Exchange?

Dr. Volkmar Hable | September 2, 2014

The last 3 years have seen a meltdown in the TSX-V share values that brought it right back to where it started almost 10 years ago.

Gem Diamonds: no impact on Letseng from Lesotho crisis

Frik Els | September 1, 2014
Gem Diamonds fetches over $12m for two of its Lesotho gems

The prime minister of the tiny African nation fled the country over the weekend after what he called a military coup.

Africa is bigger then you think

Michael Allan McCrae | August 31, 2014
africa true size 333

Lots of opportunity.

Frank Holmes - U.S. Global Investors

Making the case for Lucara Diamond

diamond hand

Let’s talk diamonds for a change.

This extremely rare $25.6 million blue diamond may reveal Earth’s origins

Cecilia Jamasmie | August 28, 2014
This extremely rare $25.6 million blue diamond may reveal Earth’s origins

The “Blue Moon" will go on public display in three weeks' time in Los Angeles, California.

Report: Worst is surely over for explorers

Frik Els | August 25, 2014
Report: Worst is surely over for explorers

Capital raising for exploration up more than 32%.

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