The diamond's age is estimated at 350 million years, it weighs 51.49 carats and measures 23 by 22 by 15 mm.
Diamond Mining News
The storied miner is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.
Deal will allow the company to self-fund the Thorny River project from bulk sampling through to mine development.
EY’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — dropped 12 percent in the third quarter of the year when compared to the previous three-month period.
The property was originally explored as an iron-ore mine prospect but it ended up showing cobalt potential with positive assay results.
Diamcor Mining announced that following its previous release on the initial tender of 2,606.50 carats of rough diamonds, it delivered an additional 5,335.83 carats before the end of October.
The Westhaven surge is a reversal of fortune for Gren Thomas, who got his share position by bankrolling the company, keeping it afloat through years of struggle and shoestring budgets.
Smaller mines and developers who previously found capital through retail investors in public markets are increasingly turning to specialist investors.
The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper.
So far in 2018, Gem has found thirteen diamonds over 100 carats, two of which were found in the third quarter.
Epiroc and Kimberley Ekapa Mining are working together to digitize the latter’s diamond operations.
President Vladimir Putin, who attended the opening ceremony, said the new operation reinforced the state-controlled firm's position as a diamond world leader.
If a community or government wants a bigger share of the pie, they may need to be willing to take on more of the risk.
Alrosa has joined rival De Beers' Tracr industry blockchain traceability platform, aimed at clearing the supply chain of imposters and conflict diamonds.
The Africa-focused miner sold a 68-carats white diamond for just under $1 million, which became its third most valuable stone to date.
Villagers living around the Marange diamond fields would benefit.
Rules threaten the diamond and uranium producer's ability to attract investment.
The preliminary economic assessment of the mine estimates that 66 million carats of diamonds could be recovered over a 38-year project life.
First commercial diamonds from the company's 70%-owned Mothae mine expected in early November.
“We believe women in West Boyacá are a pillar of society in the area and that these opportunities help reflect the vital, strong and active role women continue to play within their local communities. It is exciting to hear them talking about their jobs at the Coscuez Emerald Mine with so much pride and dedication.” - Dev Shetty, President & CEO of Fura
De Beers acquired Peregrine and all its Canadian projects in a friendly deal in September for 24 cents a share or $107 million.
The world’s top diamond producer by value attributed the decline to planned volume reductions in Botswana and South Africa.
Revenue rose 22 percent in the quarter to $80.2 million from $65.8 million a year prior, despite diamond prices being 5 percent lower when compared to the same period of 2017.
The government says that diamonds worth more than $1 million had been seized in the course of Operation Transparency.
The U.K. is currently just one of six EU countries allowed to import and export rough diamonds. Once stones enter Belgium and Portugal, they’re then free to move around the region.