Diamond News

Diamond mining and investment news

Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

Cecilia Jamasmie | November 27, 2014
Rio Tinto sets $350m aside to expand Canada’s Diavik diamond mine

The investment will allow for a fourth pipe to be developed at the site, with production expected to start by 2018.

Lucapa Diamond soars on 35-year mining licence for Lulo

Cecilia Jamasmie | November 26, 2014
Lucapa Diamond soars on 35-year mining licence for Lulo

The project could prove to be more valuable than the country’s biggest gem producer, Catoca,

Argyle Diamond Mine celebrates 10 year anniversary of landmark Participation Agreement

Rio Tinto | November 21, 2014

The Argyle Participation Agreement remains one of the most comprehensive agreements ever made in Australia between a resource company and Traditional Owners.

EGL Asia and China's NGGC renew exclusive agreement, agree to further efforts on identification of synthetic diamonds

EGL Asia Ltd. | November 19, 2014
EGL2

The Hong Kong-headquartered EGL Asia and NGGC, the state-owned, leading Chinese diamond grading laboratory, signed an agreement which renews and prolongs the close cooperation between the two institutions.

A Russian miner, a good camera, the arctic tundra: here’s the result

Cecilia Jamasmie | November 19, 2014
A Russian miner, a good camera, the arctic tundra: here’s the result

Ivan Kislov is a young Russian mining engineer who spends his breaks taking breath-taking photographs of wild animals, mostly foxes, in the arctic tundra.

Blood diamonds still at Central African mining sector’s heart

Cecilia Jamasmie | November 18, 2014
Blood diamonds still at Central Africa mining sector’s heart

A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.

German scientist makes diamonds from peanut butter

Cecilia Jamasmie | November 17, 2014
German scientist makes diamonds from peanut butter

It’s probably one of the first cases ever reported where the tasty spread has been used to produce synthetic gems.

Mothballed Jericho diamond mine floats in legal limbo

Nunatsiaq News | November 17, 2014
Owners of Nunavut's first and only diamond mine nowhere to be found

The fate of Canada's Jericho diamond mine —declared by Ottawa to be “closed or abandoned” in January 2014— seems no clearer today than it was a year ago.

Canadian miners performance down 15% in Q3 on falling metal prices

Cecilia Jamasmie | November 13, 2014
Canadian miners performance down 15% in Q3 on falling metal prices

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

CHART: Mining capital crisis continues

Frik Els | November 12, 2014
CHART: Mining capital crisis continues

To keep the lights on 30% of juniors need to raise money within six months, 59% within a year new survey shows.

What slowdown? Mining equipment market to grow 8.4% a year

Frik Els | November 11, 2014
What slowdown? Mining equipment market to grow 8.4% a year

Mining equipment market to grow at compound annual rate of 8.42% to $134 billion through 2019 surpassing the market for construction equipment.

Weak oil price, currencies helping miners stay afloat

Frik Els | November 11, 2014

A simple rule of thumb is that price changes have a two-to-one impact on the bottom line, while cost changes have a one-to-one impact.

Zimbabwe mulls ending tax on diamonds

Cecilia Jamasmie | November 9, 2014
Zimbabwe mulls ending tax on diamonds

As part of a set of planned measures to stimulate production and attract investment in the sector.

Full house with over 250 delegates expected at DMCC inaugural Middle East Gems and Jewellery Forum 2014

DMCC | November 7, 2014
DMCC2

Global names such as Gemfields, GIA, Vicenzaoro and Robert Wan are attending

Mining security experts to gather in Cape Town next week

Senior level speakers from mining houses will gather to discuss the most pressing security concerns affecting the sector across the globe at the Mining Security & Crisis Management Forum | 12-13 November 2014 | Taj Hotel Cape Town, South Africa

De Beers Diamond Jewellers launches new ceramic designs

De Beers | November 5, 2014
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De Beers Diamond Jewellers Launches its first ceramic designs with Enchanted Lotus Moonlight & Daylight.

Huge unknown mammal tracks found in African diamond mine

Cecilia Jamasmie | November 5, 2014
Huge unknown mammal tracks found in African diamond mine

Researchers also found evidence of dinosaurs and large crocodiles dating to 118 million years ago.

De Beers market share set to pick up on Canadian mine opening

Cecilia Jamasmie | November 4, 2014
De Beers market share set to pick up on Canadian mine opening

The company's market share has dropped from about 80% in the late ‘80s to roughly 35% today.

Giant diamonds lure investor cash to Botswana

Wall Street Journal Online | November 4, 2014

In a quiet room behind several sets of bulletproof doors, N.B. Parag turned a 141-carat rough diamond in his hands.

U.S. polished diamond imports up 29% in September

Diamond News | November 4, 2014

U.S. polished diamond imports rose 28.8% year on year to $2.137 billion in September, with the average price for goods increasing 12.8 percent to $1,874 per carat.

JPMorgan not leaving physical commodities: report

Cecilia Jamasmie | November 3, 2014
JPMorgan not leaving physical commodities: report

The U.S. largest bank still plans to perform"traditional” activities in commodities such as financing, hedging, trading warrants on the London Metal Exchange and the vaulting of precious metals.

Mining the Antarctic a big no-no

Cecilia Jamasmie | November 3, 2014
Mining the Antarctic a big no-no

Costs and challenges for mining the Arctic, meanwhile, on their way up.

Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Cecilia Jamasmie | November 3, 2014
Mick the Miner in talks to buy Anglo’s assets, no deal tabled

Sources close to X2 Resources, Davis' new company, have cast doubts on reports that the firm had made an offer.

First ruby and pink sapphire mine coming soon to Greenland

Cecilia Jamasmie | October 31, 2014
First ruby and pink sapphire mine coming soon to Greenland

True North Gems expects to start production towards the end of winter of 2015.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Rio Tinto’s Argyle Pink Diamonds Tender delivers exceptional results

Rio Tinto | October 28, 2014
Pink2

Rio Tinto’s 30th anniversary collection of 54 rare pink and red diamonds from its Argyle diamond mine has delivered exceptional results, achieving the highest average price per carat since the Tender began in 1984.

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