Diamond Mining News

IIDGR establishes polished diamond grading partnership with Lukfook Jewellery

The International Institute of Diamond Grading & Research (IIDGR), part of De Beers Group, today announced that it has established a polished diamond grading partnership with Lukfook Jewellery, a leading Hong Kong and Mainland China jewellery retailer.

Miners to spend $21 billion on exploration by 2025

Equipment and services suppliers will have to wait at least another year until they can fully feel the impact of this trend, says CSA Global — the world's second-largest mining sector consultancy.

Rio Tinto appoints President of Diavik Diamond Mines

Rio Tinto has appointed Patrick Boitumelo as President and Chief operating officer, Diavik Diamond Mines.

Poverty-stricken pastor finds 709-carat diamond worth millions in the dirt

On March 13, the pastor was working in a village named Koryadu when a cry went up from one of his men in Krio, the most widely spoken language in Sierra Leone and used by Momoh throughout the phone interview.

‘Perfect’ 59.6-carat pink diamond set to break records in new auction

Experts predict the plum-size internally flawless pink gem could fetch over $60 million in Hong Kong next month.

Dubai Diamond Exchange (DDE) paved the landmark of 1000 members: Arslanian Group DMCC to become DDE’s 1000th member

The Dubai Diamond Exchange (DDE), the GCC’s only diamond and coloured stones trading platform, and home to some of the world’s most renowned jewellery manufacturers, retailers and traders yesterday announced it had paved the symbolic target of 1000 members.

De Beers becomes sole owner of jewellery brand, buys out retail partner LVMH

It has acquired the 50% interest French luxury goods group LVMH had in De Beers Diamond Jewellers for an undisclosed amount.

Dominion Diamond stock goes gangbuster on $1.1bn takeover bid

Montana-based Washington Co is offering 36% above the closing price of the Canadian miner’s shares on Friday.

Teenager finds 7.44 carat diamond at a park

The diamond is the 7th-largest found at Crater of Diamonds State Park since 1972.

UAE appoints Maryam Al Hashemi as the 2017 Chair of the Committee of Participation and Chairmanship of the Kimberley Process

After completing her formal education at Dubai Women’s College, Maryam was drawn to work under the newly formed DMCC in 2003, making her one of its longest current serving employees.

Sierra Leone pastor unearths one of the 20 largest diamonds ever found

Emmanuel Momoh found the 706-carat diamond in Sierra Leone's Kono district.

World's top diamond miner Alrosa quadruples profit amid sector recovery

The Russian miner said profit attributable to shareholders totalled $2.25 billion (131.39bn roubles) last year, versus $530K (30.67bn) roubles in 2015.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

Five reasons why diamond mining stocks have been under pressure

From February 15th to March 13th, a market-cap weighted aggregation of diamond miners in U.S. dollars including ALROSA Joint-Stock Company, Petra Diamonds Ltd, Dominion Diamond Corp, Gem Diamonds Ltd, Lucara Diamond Corp, Stornoway Diamond Corp, Firestone Diamonds Plc, and Mountain Province Diamonds Inc, was down 14.3%.

Harry Winston’s famous Jonker V diamond to fetch up to $3.6M in auction

The rectangular, 25.27-carat gem is one of a collection of 13 polished diamonds cut from the famous 726-carat Jonker rough, unearthed at South Africa’s Elandsfontein mine in 1934.

Greenland closer to building world’s fifth-largest uranium mine

The Kvanefjeld project would also be the world’s second-biggest rare earths operation.

The 20 best mining schools in the world

The rankings are based on data for academic reputation, employer reputation, research citations per paper and research impact.

Exhibition of Diavik-mined giant, uncut Foxfire diamond extended

The 187.6-carat rare stone will remain on display until April at the Smithsonian’s National Museum of Natural History in Washington D.C..

A trip through the diamond industry in March 2017

As the diamond industry marks its foray into 2017, Q1 demand for rough has been stronger relative to Q4 2016 and also relative to a year ago.

Impact and influence photo competition zooms in on women in mining

Celebrating women’s contribution to the mining industry through a diverse lens is the aim of the International Women in Mining (IWiM) photo competition.

Canada's Gov't gives mining explorers a full extra year of tax credit

The 15% Mineral Exploration Tax Credit, which was slated to expire at the end of this month, has been extended until March 31, 2018.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

Canadian miners to implement voluntary principles on security and human rights

Several MAC members already formally participate in the Voluntary Principles on Security and Human Rights Initiative (VPI) and several others apply the VPs for their operations abroad.

World’s largest new diamond mine begins commercial production

Gahcho Kué, owned by De Beers Canada and Mountain Province Diamonds, is expected to produce around 54 million carats of rough gems over its 12-year lifetime.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls