Diamond News

Diamond mining and investment news

SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’ yet

Cecilia Jamasmie | March 31, 2015
SEC tells Oxfam revision of Dodd-Frank rule on mining payments ‘not possible’

The SEC said a rule requiring energy and mining companies to disclose payments to governments for the extraction of natural resources won't come until —at least— spring 2016.

South Africa wants to settle mines’ black ownership in court

Cecilia Jamasmie | March 31, 2015
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The main point of contention is the fact that mining companies believe that once they reached a 26% black ownership, they effectively complied, no matter where the percentage is at now.

De Beers making it harder for diamond dealers to join supply chain

Cecilia Jamasmie | March 30, 2015
De Beers making it harder for diamond dealers to join supply chain

The move seeks to direct gems to the most financially sound purchasers and make the business more transparent.

Peregrine Diamonds acquires Botswana-based explorer

MINING.com Editor | March 30, 2015
Peregrine Diamonds acquires Botswana-based explorer

The deal gives Peregrine access to eight prospecting licences in the African country.

Frik Els

Mining private equity: It's Davis or bust?

Frik Els | March 25, 2015
Mining private equity: It's Davis or bust?

Until Mick Davis pulls the trigger on X2's $5.6 billion, wishful thinking and unhealthy skepticism will pervade talk around private equity and mining.

Gwen Preston - Resource Maven

Exciting days at the bottom

codelco 200 million revamp mines feat

The broad bottom is in – and well settled in, seemingly, with at least another summer of sideways markets ahead. But time isn't a bad thing.

A major diamond auction in Antwerp just flopped and it could mean trouble for the diamond industry

Business Insider | March 25, 2015

Diamond giant De Beers recently predicted a demand increase this year but that didn't prevent the latest major diamond sale in Antwerp from failing to sell all the stones on offer.

This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

Cecilia Jamasmie | March 25, 2015
This Easter bunny has diamond eyes. Oh, yes, and it costs $49K

It took a world-renowned master chocolatier, cocoa from Tanzania, two solitaire diamonds and some gold to create this extravagant and expensive chocolate Easter bunny.

Here is what it looks like when mining trucks drive across frozen lakes

NASA Earth Observatory | March 24, 2015
Here is what it looks like when mining trucks drive across frozen lakes

In the farthest reaches of northwestern Canada, there are few people and fewer roads. When winter comes, fuel, explosives, and heavy equipment move north in an unusual way: via trucks driving on frozen lakes.

IAMGOLD sells Diavik royalty stream to Sandstorm Gold for US$56.8 million

IAMGOLD Corp. | March 23, 2015

The deal will add US$7 million to US$8 million per year in cash flow to Sandstorm's portfolio.

No end in sight for mining sector gloomy state: report

Cecilia Jamasmie | March 18, 2015
No end in sight for mining sector gloomy state: report

The first two months of 2015 failed miserably to dispel gloomy market conditions affecting the global mining industry, according to a study published Wednesday.

IIa Technologies Unveils World's Largest Diamond Greenhouse in Singapore

IIa Technologies | March 18, 2015
Diamond3

Singapore-based IIa Technologies, the world leader in Grown Diamond technology, today announced the launch of the world’s largest diamond greenhouse, a 200,000 square foot, state-of-art facility that has successfully conceptualised and developed a revolutionary, commercially-viable diamond growing process for colourless, high quality, Type IIa diamonds.

Zimbabwe’s top diamond mining firms agree to merge

Cecilia Jamasmie | March 17, 2015
Zimbabwe’s top diamond mining firms agree to merge

Zimbabwe’s diamond industry will soon be controlled by one firm as the country’s major diamond mining companies have agreed to merge.

‘Zombie’ miners pulling down TSX Venture exchange

Business in Vancouver | March 16, 2015

The plug should be pulled on these marginal junior miners, say investors.

World's biggest diamond producers and trade leaders to shine in Dubai

Dubai Diamond Exchange (DDE) | March 16, 2015
DDE

Executives from De Beers Group, Alrosa and Endiama to reveal how the New Silk Route from China across Africa to Dubai has transformed the global diamond trade.

Liz Taylor's 'Taj Mahal' diamond sparks Christie's auction house dispute

Los Angeles Times | March 16, 2015

Elizabeth Taylor's heart-shaped diamond known as the "Taj Mahal" is at the center of a legal squabble between the trustees of the glamorous actress' estate and Christie's auction house.

This ‘perfect’ diamond could fetch up to $25 million in NYC next month

Cecilia Jamasmie | March 16, 2015
This ‘perfect’ diamond could fetch up to $25 million in NYC next month

The gem, discovered a decade ago at one of De Beers mines in South Africa, is one of just five diamonds over 100 carats and of comparable quality to have been offered at an auction.

Brussels airport diamond heist: police launch fresh raids

Expatica Netherlands | March 15, 2015

Belgian authorities are hoping they have made a major breakthrough in solving a heist of diamonds and gems worth some 40 million euros ($42 million) at Brussels' international airport two years ago.

When junior markets turn most negative in 35 years, guess where financier Carlo Civelli puts his money?

The Mining Report | March 10, 2015

In this interview with The Mining Report, he shares his secret for finding companies that can create value despite challenging market conditions, and he reveals where he is putting his money today.

Rio Tinto to axe hundreds of jobs as part of drastic restructuring

Cecilia Jamasmie | March 9, 2015
Rio Tinto to axe hundreds of jobs as part of drastic restructuring

The company recently announced its intention to merge the copper and coal divisions, reducing Rio's businesses to just four main groups.

This pink diamond gold coin is set to make history

Cecilia Jamasmie | March 3, 2015
This pink diamond gold coin is set to make history

The Perth Mint released just 500 units.

Tourist charged over Argyle pink diamond theft in Cairns to learn fate

Brisbane Times | March 3, 2015

A British tourist charged over the theft of a rare pink diamond in Cairns will learn his fate next month.

De Beers diamond project adds sparkle to mining

Business Report | March 3, 2015

Last week, the firm announced operating profits had increased 36% to $1.4 billion.

Diamond thief gets 15 years in Paris heist

New York Times | March 3, 2015

A French court meted out a prison sentence of 15 years on Friday to a convicted drug trafficker considered the ringleader of a spectacular $100 million diamond heist at a Harry Winston jewelry store.

Canadian miners the world’s top buyers of assets in 2014

Cecilia Jamasmie | March 2, 2015
Canadian miners the world’s top buyers of assets in 2014

Gold remains the most-targeted commodity by volume, according to EY’s latest report.

Poor market conditions put major chill on global exploration

Cecilia Jamasmie | March 2, 2015
Poor market conditions put chill on global exploration

Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.

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