Diamond News

Diamond mining and investment news

Alrosa’s production, revenue up in Q1

Cecilia Jamasmie | April 22, 2014
Alrosa’s production, revenue up in Q1

Diamond production went up by 6% in the first quarter of the year.

Diamonds may be forever, but current prices are not— experts

Cecilia Jamasmie | April 21, 2014
Diamonds may be forever, but current prices are not— experts

Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.

American girl gets $20K for diamond found in park

Cecilia Jamasmie | April 14, 2014
American girl gets $20K for diamond found in park

The 14-year-old found the unique a 3.85-carat jellybean-size piece in an Arkansas state park last year.

De Beers returns to Angola with new exploration deal

Frik Els | April 10, 2014
De Beers returns to Angola with new exploration deal

De Beers' explored for diamonds in the Southern African nation between 2005 and 2012, but relinquished its concession after finding no economically viable project.

INFOGRAPHIC: Blood diamonds still a problem from hell

Cecilia Jamasmie | April 10, 2014
INFOGRAPHIC: Blood diamonds still a problem from hell

While diamonds are the most strictly checked raw materials in the world, there is a certain amount of illegally traded gems that make it into the market.

Stornoway secures about $1bn for Quebec's to-be first diamond mine

Cecilia Jamasmie | April 10, 2014
Stornoway secures about $1bn for Quebec's to-be first diamond mine

The agreement with three parties lays out a series of proposed financing transactions for the mine, the world’s biggest undeveloped source of diamonds.

Screening Service Coincides with US & International Diamond Week

Diamond Services Ltd. | April 9, 2014

Diamond Services Ltd., the Hong Kong-based firm that markets cutting-edge technological solutions to the diamond, gem and jewellery industry and trade, introduced its diamond screening service during the US & International Diamond Week in Israel that takes place this week at the Israel Diamond Exchange.

US firms unprepared for upcoming conflict minerals rule enforcement

Cecilia Jamasmie | April 9, 2014
US firms unprepared for upcoming conflict minerals rule enforcement

A PwC survey shows that only 4% of the 700 companies polled across 15 industries said they have completed a draft of their SEC conflict minerals filings.

ALROSA and the Dubai Diamond Exchange sign memorandum of understanding

ALROSA | April 8, 2014

ALROSA and the Dubai Diamond Exchange (DDE) signed a Memorandum of Understanding (MoU) aimed at improvement of cooperation between the company and the UAE diamond community.

Stephan Bogner and the rise of a Euro-Chino-Russian superpower

The Mining Report | April 2, 2014

In this interview with The Mining Report, Bogner details what these shifting power dynamics will mean for the commodities market.

SSEF introduces the Automated Diamond Spectral Inspection

SSEF | March 28, 2014
Diamond prices spike whet De Beers appetite for new markets

System offers solution for authenticating quantities of colourless melee rocks at very low price.

Stornoway’s vast diamond mine, Quebec’s first, to begin operations in 2016

Cecilia Jamasmie | March 27, 2014
Stornoway secures about $1bn for Quebec's to-be first diamond mine

Shares in the company were soaring Thursday.

Diamond dealers under threat in Central African Republic

Ana Komnenic | March 25, 2014
Diamond mining in CAR

Rough diamonds are one of the country's biggest exports.

Gahcho Kue on track, companies reassure investors

Ana Komnenic | March 25, 2014
Gahcho Kue venture reassures investors that project is on track

Contrary to media reports last week that project could be delayed.

Diamond prices spike whet De Beers appetite for new markets

Cecilia Jamasmie | March 24, 2014
Diamond prices spike whet De Beers appetite for new markets

The diamond giant expects to secure exploration rights in Angola before the end of the year.

Signs of recovery in India's gold jewellery sector

Ana Komnenic | March 22, 2014
India's gold jewellery exports improve

But value of exports still down nearly 50% over the past 11 months due to domestic scarcity of the yellow metal.

De Beers to delay opening of world's largest and richest new diamond mine

Cecilia Jamasmie | March 21, 2014
De Beers to delay opening of world's largest and richest new diamond mine

Regulatory restrictions limited shipments to the site this winter, delaying construction.

Diamond jewels owned by Pope Paul VI going for $1.9 million

Cecilia Jamasmie | March 21, 2014
Diamond jewels owned by Pope Paul VI going for $1.9 million

The pieces not only are historically significant, but they are also unique as rarely ever Papal jewellery goes for sale.

Latin America gets its first diamond exchange

Cecilia Jamasmie | March 20, 2014
Latin America gets its first diamond exchange

The bourse is expected to grow the $8 billion fine jewellery retail business in Latin America to more than $10 billion in the next two years.

Rio Tinto to pay an extra $75 million in taxes on new rulings

Cecilia Jamasmie | March 16, 2014
Rio Tinto to pay an extra $75 million in taxes on new rulings

The miner is warning the multitude of new legislation could send compliance costs soaring by tens of millions of dollars for global companies.

Man finds 2.89-carat diamond at Arkansas state park

Cecilia Jamasmie | March 14, 2014
Man finds 2.89-carat diamond at Arkansas state park

Estimated to be worth around $20,000.

Rio Tinto’s Sam Walsh scores $9m after pay increase in first year

Cecilia Jamasmie | March 14, 2014
Rio Tinto’s Sam Walsh scores $9m pay increase in first year

The figure includes salary, a cash bonus, shares and other benefits for the man who was able to take Rio Tinto from a US$3 billion loss to a US$3.7 billion profit in a year.

The state of global rough diamond supply 2014

Paul Zimnisky | March 13, 2014
Rough diamond supply 2014

50 mines are estimated to account for 90% of global rough diamond supply in 2014.

Rough diamond shows there is water hidden deep in the Earth

Cecilia Jamasmie | March 12, 2014
Rough diamond shows there is water hidden deep in the Earth

University of Alberta scientists have found the first direct evidence of vast amounts of water trapped deep inside the Earth.

More than 25,000 investors and mining types walked into PDAC. The result was. . .realistic

The Gold Report | March 10, 2014
PDAC 30,000

PDAC curse or blessing? Fresh from the Letter Writer Presentations track at the Prospectors and Developers Association of Canada (PDAC) conference, The Gold Report asked thought leaders to share their impressions from the annual minefest.

CHART OF THE DAY: Attendance at the industry's biggest shindig and the mood of miners

Michael Allan McCrae | March 10, 2014
pdac convention

A drop.

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