The 373.7-carat diamond, sold during the Vancouver-based miner’s $54.8 million recent tender, was one of 15 large and high value diamonds offered by the company.
Diamond Mining News
Here are the top 10 diamond mines in terms of output in carats and value.
Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.
Diamonds – and especially the fancy colored stones – continue to hold investors in thrall, and auction houses are ensuring the fascination endures with sales featuring some stunning selections.
De Beers Group today announced it is leading a ground-breaking research project that aims to deliver carbon-neutral mining at some of the company’s operations in as few as five years.
De Beers Group increased returns to governments, communities, supply chain partners and its joint venture partners by 26 per cent to US$5 billion in 2016, according to its latest Report to Society, published today.
The D-colour Type-II diamond is one of the highest-quality stones to come out of the company’s Letšeng mine.
Quarterly revenues were about half of the revenues posted in the year-ago quarter.
The top 10 largest mines in the world by value produced are estimated to represent 58% of global production.
Industrial and precious metals, coal, oil, as well as natural gas, collectively accounted for just 6.2% of foreign direct investment into the continent last year.
The net proceeds of the private placement will be used for general working capital and to fund the continued evaluation of North Arrow’s Canadian diamond exploration properties.
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.
A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.
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.
Kashif Khan wants Canadian investors to get acquainted with some unusual diamonds
The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.
Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.
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.
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.