Diamond News

Diamond mining and investment news

U.S. woman finds 8.52-carat diamond at Arkansas Park

Cecilia Jamasmie | July 3, 2015
U.S. woman finds 8.52-carat diamond at Arkansas Park

The sparkly, white diamond half the size of a quarter is the fifth largest found since the park was established in 1972.

The missing diamond shortage

Bloomberg | July 3, 2015
Alrosa sells bank, to focus exclusively on diamond mining

If you’ve ever been to a diamond investment pitch you’ve probably seen ‘The Chart,’ the one where diamond demand soars, while supply trails forlornly in its wake.

Kimberly Diamonds shifts to Africa

Australian Mining | July 1, 2015

Kimberley Diamonds is shifting focus to the Lerala mine in Bostwana, which will be its key source of revenue.

When it comes to conflict mining regulation, should one size fit all?

Sonal Sinha | July 1, 2015
American businessmen accused of using fake gold mine to get $1m from investors

Conflict mining remains an important issue, and one we are beginning to see governments step in to address in different ways.

Davis’s X2 Resources goes after Rio’s coal assets in Australia

Cecilia Jamasmie | June 30, 2015
Davis’s X2 Resources goes after Rio’s coal assets in Australia

Negotiations between the parties, still at an early stage, are said to have generated solid interest from both sides.

Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

Cecilia Jamasmie | June 30, 2015
Avalon banks on new ‘blood metals’ rule for Canada’s tin mine success

The miner is spending $1.3 million in exploration work aimed to reopen a historic tin-indium mine in Nova Scotia.

Cecilia Jamasmie

Rocket explosion a fresh blow to asteroid mining ambitions

Cecilia Jamasmie | June 29, 2015
Rocket explosion a fresh blow to asteroid mining ambitions

Sunday's fiasco was the third major failure for America's commercial space industry in less than a year.

Argyle Pink Diamonds Tender world preview at Sydney Opera House

Rio Tinto | June 26, 2015
Diamond

Rio Tinto’s spectacular Argyle Pink Diamonds Tender has been launched during a world exclusive preview at the Sydney Opera House, with this year’s iconic collection including some of the most vivid pink and red diamonds ever unearthed from the Argyle mine.

Paragon Diamonds sees at least $160m in revenue from Lesotho mines

Cecilia Jamasmie | June 26, 2015
Paragon Diamonds sees at least $160m in revenue from Lesotho mines

The miner, which does not yet generates any income, expects to kick-off production at its Lemphane and Mothae mines later this year.

Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

Cecilia Jamasmie | June 26, 2015
Rio Tinto sells Murowa diamond mine and leaves Zimbabwe

The company, however, said it remained committed to the diamond industry.

Dismal state of TSX-V in two crushing graphs

Frik Els | June 25, 2015
Dismal state of TSX-V in two crushing graphs

Bear market is more than 1,000 days old and nearly 1,200 companies have dropped off the Toronto venture market.

Firestone Diamonds delays Lesotho mine launch

Cecilia Jamasmie | June 23, 2015
Firestone Diamonds delays Lesotho mine launch

Adverse weather conditions and the need to shift more earth than previously anticipated have also added $13 million to overall costs.

Mining industry inertia will come at a price

Frik Els | June 16, 2015
Mining industry inertia will come at a price

PwC's John Gravelle on the mining industry's austerity drive, price realities and declining exploration spending.

Alrosa’s diamond prices down 6% so far this year, but recovery coming

Cecilia Jamasmie | June 16, 2015
Alrosa’s diamond prices down 6% so far this year, but recovery coming

It saw its rough diamond prices decrease by 3% in February and a further 3% at its May trading session, but the mienr expects market conditions to improve by the end of the year.

Petra Diamonds shares fall on lower revenue warning

Cecilia Jamasmie | June 12, 2015
Petra Diamonds shares fall on lower revenue warning

The miner said smaller than expected diamonds at its Finsch and Cullinan mines in South Africa have sold at modest prices.

TIMELINE: Birth and development of the diamond mining industry

MINING.com Editor | June 12, 2015
Russia’s Alrosa to export 36 million carats of diamonds in 2014

While the term "diamond" comes from the Greek word "Adamas", meaning "unconquerable", the earliest gems were found in India, in 4th century BC.

Botswana government defers royalties to help hard-pressed mining companies

Mining Weekly | June 9, 2015

The government of Botswana is bringing relief to profit-squeezed mining companies in the country by allowing them to defer the payment of mineral royalties. via Botswana government defers royalties to help hard-pressed mining companies.

Europe closes in on conflict minerals

DRC copper uncertainty

An annual list that reveals the names of mineral smelters that do not use raw materials linked with criminal gangs is at the heart of Europe’s push to clean up the world’s mining industry.

Gemfields shines on rare rubies find

Cecilia Jamasmie | June 9, 2015
Gemfields shines on rare rubies find

The stock closed 4.17% higher in London Tuesday after the miner revealed the discovery of two rare matching rubies from its Montepuez mine in Mozambique.

Most US mining and natural resources jobs lost in six years

Frik Els | June 5, 2015
Most US mining and natural resources jobs lost in six years

Mining and logging was the big exception in Friday's payroll numbers with 18,000 jobs lost in May, the worst month since the global financial crisis.

The world’s top 40 miners saw returns hitting decade-low in 2014 — report

Cecilia Jamasmie | June 4, 2015
The world’s top 40 miners saw returns hitting decade-low in 2014 — report

They shed $156 billion in market value last year, or about 16% of their combined worth, according to PwC.

Meteorites heading to Earth may contain trillions of diamonds

Cecilia Jamasmie | June 1, 2015
Meteorites heading to Earth may contain trillions of diamonds

Gems founds in fragments of the Almahata Sitta meteorite were formed in an unknown planet that existed when our solar system was just forming, researchers say.

Seven diamond miners form group to fight synthetics

Cecilia Jamasmie | May 29, 2015
Seven diamond miners form group to fight synthetics

But some believe main challenge will be falling prices and wholesalers difficult access to credit to purchase rough diamonds.

Wealthy Chinese head abroad to buy diamonds without scrutiny

Bloomberg | May 29, 2015

Wealthy Chinese who made their country into the world’s second-biggest market for diamonds are now increasingly traveling abroad to buy the stones, at a time when ostentatious purchases are frowned upon at home.

CFSI enables companies to comply with new EU Conflict Minerals rules

CF2

Conflict-Free Sourcing Initiative Expands Geographic Scope, Adopts Risk-Based Approach

Alrosa unearths 78.02-carat diamond from its Mir mine

Cecilia Jamasmie | May 25, 2015
Alrosa unearths 78.02-carat diamond from its Mir mine

According to the company, the gem is estimated is worth more than $600,000 if put on auction.

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