Diamond News

Diamond mining and investment news

Mountain Province Diamonds arranges $370 million loan for building Gahcho Kue diamond mine

Michael Allan McCrae | July 29, 2014
Northwest Territories, map green diamond shaped road sign

The company traded up 7.85% in the past five days to $5.22 a share.

Global mining sector on the way up, but recovery still slow

Cecilia Jamasmie | July 29, 2014
Global mining sector on the way up, but recovery still slow

The industry’s aggregate market capitalization improved for the sixth month in a row in June, reaching $1.75 trillion, the highest level since January 2013.

Canadian billionaire Jimmy Pattison invests in micro-cap diamond explorer

CEO.CA | July 29, 2014
Canadian billionaire jimmy pattison invests in mirco-cap diamond explorer feat

Mr. Pattison likes his odds with Mr. Turner at the helm again.

Aussie miners see more doom and gloom ahead

Frik Els | July 29, 2014
Aussie miners see more doom and gloom ahead

Survey shows 9 out of ten Australian mining execs see few positives over next 12 months.

De Beers changing its diamond sales model

Cecilia Jamasmie | July 22, 2014
De Beers changing its diamond sales model

The world's largest diamond miner by market value said it will adopt a more flexible sales approach.

Diamond miner Alrosa's output down 16%

Cecilia Jamasmie | July 21, 2014
Diamond miner Alrosa's output down 16%

The world's No.1 diamond company by output also said its diamond production dipped in the first half of 2014 by 7%, standing at 15.9 million carats.

Panama Diamond Exchange to host high-level seminar on anti-money laundering and Kimberley Process

Panama Diamond Exchange | July 17, 2014
Panama Diamond Exchange to host high-level seminar on anti-money laundering and Kimberley Process

One-day seminar, which will be conducted in English, to take place July 22.

These photos will show you just how big a Russian diamond mine can be

MINING.com Editor | July 14, 2014
Alrosa's Mirny mine

Mirny's operations lasted 44 years.

Canada’s diamond industry icon sells last stake in Ekati mine

Cecilia Jamasmie | July 10, 2014
Canada’s diamond industry icon sells last stake in Ekati mine

Charles “Chuck” Fipke is selling his remaining 10% interest in the mine.

Rio Tinto booze ban at Argyle mine means perks drying up

Jeffrey Richmond | July 8, 2014
alcohol ban feat

Mines are closing on-site bars citing safety concerns.

Diamond industry recovers place in miners’ hearts on climbing demand, prices

Cecilia Jamasmie | July 8, 2014
Diamond industry recovers place in miners’ hearts on climbing demand, prices

Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.

Massive layoffs expected in Zimbabwe as diamond deposits run out

Cecilia Jamasmie | July 7, 2014
Massive layoffs expected in Zimbabwe as diamond deposits run out

It has become economically unviable for miners to dig any deeper for the precious stones.

Namibia advances plans of selling diamonds without De Beers

Cecilia Jamasmie | July 4, 2014
Namibia advances plans of selling diamonds without De Beers

Minister of Mines and Energy Isak Katali said the idea is to give diamond dealers and manufacturers the opportunity to buy directly from locals.

Travis McPherson - CEO.ca

Outperforming Lucara likely to use its paper to grow

Travis McPherson - CEO.ca | July 3, 2014
diavik mine feat

Share price continues to hit all-time highs.

Astronomers discover diamond the size of Earth

Cecilia Jamasmie | June 30, 2014
Astronomers discover diamond the size of Earth

That’s one massive diamond, which will never be cut, as it is 900 light-years away from our planet.

Alrosa diamonds sold for an average $118.50/carat in Q1 2014

Paul Zimnisky | June 27, 2014
mirnyy sorting of diamonds feat

Company's rough diamond prices proxy for opaque market.

Alrosa opens Russia’s largest diamond mine

Cecilia Jamasmie | June 27, 2014
Alrosa opens Russia’s largest diamond mine

The Udachny mine, in the country's northeast, is also expected to become one of the world’s biggest underground diamond operations.

Diamond miner Alrosa's profit down 3% in first quarter

Cecilia Jamasmie | June 24, 2014
Diamond miner Alrosa's output down 16%

But the world's No.1 diamond company by output saw a big jump in revenue: up 43% to $1.6 billion

Emerging markets firms to lead global mining sector: PwC

Cecilia Jamasmie | June 23, 2014
Emerging markets firms to lead global mining sector: PwC

Net profits from progressing economies-based miners reached $24 billion in 2013, compared to a net loss of $4 billion for developed market firms.

Scientists unveil hardest synthetic diamond ever made

Cecilia Jamasmie | June 15, 2014
Scientists unveil hardest synthetic diamond ever made

The new synthetic rock is harder than its natural counterpart and can withstand even higher temperatures.

Petra unveils largest-ever blue diamond found at Cullinan mine

Cecilia Jamasmie | June 13, 2014
Petra unveils largest-ever blue diamond found at Cullinan mine

The 122.52-carat blue diamond won't be sold before the end of Petra's current financial year on June 30.

Diamond demand to climb 4.5% this year — De Beers

Cecilia Jamasmie | June 12, 2014
Diamond demand to climb 4.5% this year — De Beers

De Beers, the world's largest diamond miner by market value, is also bracing for a rough diamond demand rush.

Congo mines no longer controlled by warlords and militia —report

Cecilia Jamasmie | June 11, 2014
Congo mines no longer controlled by warlords and militia —report

Tin, tantalum and tungsten mines used to generate $185 million a year for armed groups. Now, about two-thirds of those operations are part of peaceful supply chains, study shows.

Canadian diamond exploration perks up

The Northern Miner | June 11, 2014
Canadian diamond exploration perks up

For years it seemed that juniors were fleeing from diamond exploration — and for good reason.

Asteroids mined for fuel to generate trillion dollar market, says firm

Cecilia Jamasmie | June 11, 2014
Asteroids mined for fuel to generate trillion dollar market, says firm

Orbiting spacecraft could be refuelled with water taken from asteroids—but some experts doubt the economics.

'Blood diamond' monitoring to remain focus on conflict-torn regions

Cecilia Jamasmie | June 10, 2014
'Blood diamond' monitoring to remain focus on conflict-thorn regions

The newly elected president of the World Diamond Council is not in favour of expanding the scope of the Kimberley Process scheme beyond conflict zones.

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