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Diamond News Digest
Monday 1 May 2017
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Strategy is part of Dominion's goal of securing the best deal possible for all its shareholders.

Deal creates one of the largest diamond mines in West Africa.

The Africa-focused diamond producer aims to recover 300,000 carats from its Liqhobong mine by the end of the financial year.

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Both iron ore and diamond output rose in the first quarter thanks to a continued ramping-up of the company's Minas Rio mine in Brazil and improvements in the gem market.

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Production for the first three months of the year slumped 37% compared with the same period of 2016.

The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.

Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

Tungsten, tin, tantalum and gold are now also being illegally extracted and traded at sites under the control of armed groups in countries including Myanmar and Colombia.

The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.

The stunning 59.6-carat diamond smashed the $60 million pre-sale estimate set by Sotheby's at Tuesday's auction in Hong Kong.

The world’s No.1 diamond miner by value, reported a 4.9% rise in sales during the third cycle of the year, on the back of a global recovery in prices and demand.

Kashif Khan wants Canadian investors to get acquainted with some unusual diamonds

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

Much of the world’s uranium comes from Saskatchewan, while Alberta is known for its bitumen and various forms of coal. But the West is earning a reputation as a major source of gems and precious metals, especially those high in demand in Asia-Pacific markets.

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