Diamond News

Diamond mining and investment news

Life coming back to the global exploration sector

Cecilia Jamasmie | April 27, 2015
Life comes back to the global exploration sector

After five consecutive months of decline, global mining exploration began showing signs of life in March, particularly in the gold sector, a new report shows.

‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

Cecilia Jamasmie | April 24, 2015
‘Perfect’ 100-carat diamond sold for ‘only’ $22 million

After just three minutes of bidding, the final price was $22,090,000, including the buyer's premium.

DMCC to host three seminars on diamond finance

DMCC | April 23, 2015

The Dubai Diamond Exchange, a DMCC initiative, is planning to hold three seminars on diamond financing this year, underscoring the growing importance of the issue for the global diamond industry.

Low diamond prices push Anglo American to cut output

Cecilia Jamasmie | April 23, 2015
Low diamond prices push Anglo American to cut output

The global miner trimmed its forecast from 32m-34m carats to 30m-32m because of “current trading conditions”.

Lucara Diamond unearths 342-carat rock at its mine in Botswana

Cecilia Jamasmie | April 21, 2015
Lucara Diamond unearths 342-carat rock at its mine in Botswana

The gem will be sold along with two other greater than 100 carat diamonds, also recovered at Lucara's Karowe mine.

Russia's Alrosa diamonds output up 6% in Q1

Cecilia Jamasmie | April 21, 2015
Russia's Alrosa diamonds output up 6% in Q1

The miner also said that revenue from rough diamond sales was set to reach at least $1.1 billion, even though its first-quarter rough diamond prices dropped by 3%.

Scientists reveal diamond bearing rocks more common than originally thought

Cecilia Jamasmie | April 20, 2015
Diamond study reveals key information about the Earth

A team of Australian scientists have, for the first time, identified the exact source of diamond-bearing rocks known as orangeites.

‘Perfect’ 100-carat diamond goes under Sotheby's hammer

Cecilia Jamasmie | April 20, 2015
‘Perfect’ 100-carat diamond goes under Sotheby's hammer

The flawless, 100-carat diamond could fetch up to $25 million when it goes under Sotheby's hammer in New York on Tuesday

Denham Capital's Caroline Donally on private equity in mining

Frik Els | April 17, 2015
Denham Capital's Caroline Donally on private equity in mining

Director of $1bn fund discusses Denham's unique approach, the vibrant parts of the M&A market and what juniors should do to attract capital.

At least 19 dead after illegal mine collapses in Tanzania

Cecilia Jamasmie | April 17, 2015
At least 19 dead after illegal mine collapses in Tanzania

The accident occurred on Thursday night at Kahama district, Shinyanga region, near Acacia Mining's licensed Bulyanhulu gold mine.

Lucapa Diamond unearths 63.05-carat rock from Angola mine

Cecilia Jamasmie | April 17, 2015
Lucapa Diamond unearths 63.05-carat rock from Angola mine

It's the largest diamond Lucapa has recovered in Lulo since the mine began commercial operations in January.

Finance in focus at Dubai Diamond Conference

DMCC | April 15, 2015

The event will highlight one of the most pressing issues affecting the global gems trade.

Gold, platinum and diamonds bike a real luxury

Cecilia Jamasmie | April 15, 2015
Gold, platinum and diamonds bike a real luxury

This $54,000 Cipollini bike features 40 grams of 18-carat gold, 122 grams of platinum, and 17 carats of black and white diamonds.

EU lawmakers toughen up rules limiting the import of conflict minerals

Cecilia Jamasmie | April 14, 2015
EU lawmakers toughen up rules limiting the import of conflict minerals

The lawmakers voted 22 to 16 to strengthen a draft law requiring importers, smelters and refiners to certify their goods are conflict-free.

World Diamond Council and KP civil society to participate in panel on ethics at Dubai Diamond Conference 2015

DMCC | April 13, 2015

The Second Dubai Diamond Conference will be held April 21-22.

Police defend handling of London diamond-district heist caught on camera

Associated Press | April 11, 2015

The gang members, dressed in fluorescent vests and hard hats, calmly carried bags and wheeled garbage bins into a high-security storage facility in London's diamond district.

Quebec mining fund ready to pull trigger on $1bn investments

Frik Els | April 8, 2015
Quebec fund ready to pull trigger on $1bn mine investments

Quebec's $1 billion Capital Mines Hydrocarbures fund is close to buying equity stakes in mining projects outside iron ore worth as much as $200m a shot.

Tanzania's mining sector changes economic growth

AllAfrica.com | April 8, 2015

Mining is one of the leading sectors in Tanzania, with the value of mineral exports increasing each year.

Dubai Diamond Conference to focus on synthetics

The Second Dubai Diamond Conference, being held April 21-22, will discuss one of the most topical issues in the global diamond business: synthetic diamonds.

Signs of life for mining M&A

Cecilia Jamasmie | April 8, 2015
Wave of mining deals expected this year amid commodity rout — report

Mining transactions almost doubled last year and the trend is likely to stretch over 2015, as lower commodity prices are making some unprofitable.

DeBeers to operate Duratrays at Gahcho Kuè mine

Duratray | April 7, 2015
DBThumb

The purchase extends a successful ten-year Duratray relationship with large open pit diamond mines.

Brazil Minerals mines largest rough diamond to date

MINING.com Editor | April 6, 2015
brazil minerals diamond 4.01 carats

4.01 carats

Four exploration and development companies Rick Mills believes will thrive in tough times

The Gold Report | April 6, 2015
stock_market_shutterstock

The four-year-long bear market in metals stocks has resulted in an historic opportunity for investors, says Rick Mills, the owner and host of Ahead of the Herd.com.

Mining top executives the gloomiest of all: report

Cecilia Jamasmie | April 3, 2015
Mining top executives the gloomiest of all: report

Despite the overall pessimism, mining CEOs remain just as confident on their own company’s growth as they were in previous years.

Diavik Diamond Mine releases 2014 Sustainable Development report

Rio Tinto | April 1, 2015

The Diavik mine produces predominantly gem quality diamonds, destined for high end jewellery in all major consumer markets around the world.

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.

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