Diamond Mining News

Canadian diamond producer to resume mining off Namibian coast

In an alliance with International Mining and Dredging Holdings, the Canadian miner ran a bulk sampling program whose results "were extremely encouraging."

Canadian diamond discoveries could close pending supply gap

With global diamond demand forecast to grow at approx 3.5% annually over next five years, a supply gap down the line seems inevitable if forecasts hold.

DeBeers announces Shining Light Awards finalists for 2016/2017

Award recognizes emerging jewellery designers in Botswana, Namibia and South Africa and provides them with a valuable platform to build their careers in the jewellery design industry.

Zsa Zsa Gabor's diamond necklace could fetch up to $1.5 million

A diamond necklace owned by the late actress Zsa Zsa Gabor is expected to sell for between $1.2 and $1.5 million at auction.

Giant diamond sells for $33.7 million

Mounted in a diamond and emerald necklace, the white, matchbox-size rock was acquired by an unidentified buyer.

Lucapa finds another large diamond at its Lulo mine in Angola

It's the eighth diamond of over 100 carats recovered this year, and the seventh in just 2.5 years of commercial mining.

Former Xstrata CEO Mick Davis may become Rio Tinto new chairman

The mining veteran could face competition from internal candidates, including former head of UK gas company Centrica, Sam Laidlaw, who now sits on Rio’s board.

Venezuela’s Mining Arch in the spotlight again

New reports highlighting the environmental dangers posed by mineral exploitation at the Mining Arch have emerged, as Venezuelan officials try to convince Alrosa to invest in the project.

Second large diamond in a year unearthed in Sierra Leone

Another huge diamond has been released from the Earth's clutches following an astounding discovery in the West African country earlier this year.

Rio Tinto’s Argyle pink diamonds tender delivers record result

Company sold 58 rare pink, red and violet diamonds, a collection know as "Custodions of Rare Beauty."

Alrosa finds three large diamonds at prolific Jubilee pipe

The large rough, gem-quality stones range from 82 to 163 carats.

India’s NMDC joins the race for $9bn diamond project

Indian diamonds are known for their quality, particularly those from the ancient Golconda mines, famous for producing a rare kind of extremely clear gem.

Alrosa sold large rough diamonds worth $9 million at an auction in Vladivostok

Alrosa took stock of the international auction for special-size rough diamonds weighing 10.8 carats and more, held on the territory of the Eurasian Diamond Centre (The EDC) in Vladivostok.

Canadian junior miners worth jumps for second year in a row

Aggregate market cap of the top 100 junior mining companies was up 7% to $12.2 billion, a level not seen since 2010, but the group significantly underperformed the Venture Exchange as a whole.

Lucara Diamond readies for $195 million expansion of Karowe mine

Results of a preliminary economic assessment have revealed the potential for the development of an underground mine at the company's mine in Botswana.

Namibia's economy to grow faster in 2017 as mining bounces back

The country's mining sector is emerging from years of contraction and the impact of recent severe drought eases, the finance minister said on Thursday.

De Beers’ Victor mine closing doors in 2019

Firm has determined it's not economically viable to extend the life of the diamond mine, which can only be accessed by air year round, or by a winter road for five or six weeks in January and February.

Solid demand for large stones boosts Gem Diamonds sales

The company has found six diamonds larger than 100 carats in the first nine months of the year, compared with just four throughout 2016.

Former Gemfields exc.-led firm grabs Coscuez emerald mine in Colombia

Fura Gems aims to resume production at the mine within six months of the deal closure.

The best diamonds in the world are buried at the bottom of the Atlantic Ocean

The best diamonds in the world come from the sea.

Northern Miner's Progressive Mine Forum Livestream

Live round table discussions complemented by real-time interaction with the audience via social media, as well as commentary from industry leaders.

Petra Diamonds revenue takes hit from Tanzania crackdown

Petra Diamonds Ltd's first quarter revenue fell by 17 percent after Tanzanian government last month seized consignment of diamonds from its Williamson mine.

Alrosa has just unearthed another large yellow diamond, hits annual record of massive findings

With the newly unearthed 34.17-carat diamond, Alrosa has hit an annual record in the number of large fancy-coloured stones found at its operations.

Proceeds from massive diamond found by pastor to go to Sierra Leone’s poorest

Over 50% of the proceeds will be used to fund clean water, electricity, school, medical facilities, bridges and roads, none of which are currently available in the village of Koryardu, where the diamond was found.

De Beers latest diamond sale the worst in almost two years

The world’s largest diamond producer by value offered less precious stones, in line with its policy of trying to match sales to demand.