Diamond News

Diamond mining and investment news

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

WDMF and Turkish Jewellery Exporters Association sign MoU, launch World Diamond Magazine at Istanbul Jewellery Show

World Diamond Mark | October 21, 2014
MoUthumb

"In practical terms, this means that the WDM's first pilot programme for accredited retail members, i.e. Authorized Diamond Dealers (ADDs) will begin in Turkey, one of the most exciting, and rapidly growing luxury product consumer markets..

Diamond found on the Marlin Property in till sampling program

Newswire | October 21, 2014

The Marlin Property comprises 23 mineral claims covering an area of approximately 26,000 ha and lies contiguous to the north and west of the Kennady Diamonds project and west of MLD’s Margaret Lake Property.

India diamond merchant boss gives 500 cars, 200 apts to employees

Cecilia Jamasmie | October 21, 2014
India diamond merchant boss gives 500 cars, 200 apts to employees

He has also insured 280 employees who have been with the company for more than a decade to the tune of $160,000 each.

Russian diamond giant Alrosa Q3 output falls

Cecilia Jamasmie | October 20, 2014
Russian diamond giant Alrosa Q3 output falls

The miner's total diamond production for the quarter reached 9.7 million carats, slightly down from 9.9 million carats in the same period last year.

Mining investment in Kazakhstan to reach $30bn by 2017

Cecilia Jamasmie | October 20, 2014
Mining investment in Kazakhstan to reach $30bn by 2017

The country is fine-tuning details of a new mining law that will make it easier for foreigners to tap the nation’s riches.

Mick Davis has now almost $5 billion to build new mining empire

Cecilia Jamasmie | October 15, 2014
Mick Davis has now almost $5 billion to build new mining empire

The former Xstrata boss' new venture, X2 Resources, is "currently reviewing a number of opportunities in the metals and mining sector."

INFOGRAPHIC: The value of diamonds in real world vs in Minecraft

MINING.com Editor | October 15, 2014
INFOGRAPHIC: The value of diamonds in real world vs Minecraft

The value of diamonds seems to have transcended our physical world and taken a privileged place in the universe of Minecraft, an increasingly popular Lego style adventure game.

This pink diamond sold for a historic record of $18 million

Cecilia Jamasmie | October 10, 2014
This pink diamond sold for a historic record of $18 million

It has set a world auction record on a per-carat basis for a gem of this colour.

Rockwell signs $7.2m BEE deal, mulls growth

Miningmx: Headline News | October 10, 2014

Rockwell Diamonds replaced a lapsed empowerment deal and said it may yield asset growth whilst plans were also afoot to double the firm's mining rate.

Cutifani says tough decisions needed to restore credibility

Cecilia Jamasmie | October 8, 2014
Cutifani says tough decisions needed to restore credibility

Anglo's chief warned the company plans to take severe measures over the next two years.

Russian diamond giant Alrosa begins mining at Karpinskogo

Cecilia Jamasmie | October 6, 2014
Russian diamond giant Alrosa begins mining at Karpinskogo

The kimberlite pipe is located at the Lomonosov deposit in northern Russia.

Alrosa diamonds sales reach $3 million in less than 10 days

Cecilia Jamasmie | October 1, 2014
Alrosa diamonds sales reach $3 million in less than 10 days

At the 2014 Hong Kong Gem & Jewellery Fair.

IIa Technologies Makes Breakthrough Discovery for Single Crystal Diamond Plates

IIa Technologies | September 30, 2014
THUMBIIa Technologies_Diamond Sample 3

Attested by major research institutes, IIa’s diamond plates are ideal for sophisticated medical and technological applications

Argyle pink diamond ring worth $577k stolen in Australia

Cecilia Jamasmie | September 29, 2014
Argyle pink diamond ring worth $577k stolen in Australia

Each of the diamonds in the ring is laser inscribed with a serial number.

This man stole a diamond worth $160,000 and traded it for bag of pot

Cecilia Jamasmie | September 29, 2014
This man stole a diamond worth $160,000 and traded it for a bag of pot

The diamond was soon recovered and returned to its owner.

NWT doles out exploration grants as diamond activity heats up

Andrew Topf | September 28, 2014
diavik mine feat

Northwest Territories, the northern Canadian region known for diamond mining, is giving a leg up to exploration companies through an incentive program it first rolled out in June.

Uncovering Canada's frozen assets

SNL Metals & Mining | September 24, 2014
ship_in_arctic

Canadian Prime Minister Stephen Harper announced the discovery of one of two ships that comprised Sir John Franklin's ill-fated expedition in 1845, which has revived interest in the metals wealth of the Arctic and its ownership.

Low metal prices put chill on global mineral exploration

Cecilia Jamasmie | September 24, 2014
Low metal prices put chill on global mineral exploration

Fresh data suggests it is still too early to celebrate a recovery in the sector.

New diamond nanothreads may let scientists build space elevator

Cecilia Jamasmie | September 24, 2014
New diamond nanothreads may let scientists build space elevator

Scientists have discovered how to produce ultra-thin diamond nanothreads, a sort of very strongnanotubes, which could prove to be stronger and hardier element currently available.

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

Rio Tinto | September 23, 2014
rio-celebrates-chow-tai-fook-milestone-with-diamond-masterpiece-and-new-jewellery-collection

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

ALROSA president resigns for health reasons

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

Vice-president becomes acting president.

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
Gold stocks

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

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