The Argyle Everglow is a 2.11 carat polished radiant cut diamond
Diamond Mining News
It now expects adjusted earnings per share to come in at $5, significantly higher than the $3.75 it had forecast just three months ago and almost doubled the $2.90 it had originally projected for the year.
Labour disputes earlier in the year caused delays in the building of a new plant in its Cullinan mine in South Africa.
The Aikhal division accounted for more than a third of the company’s total output in the period, having extracted 6.9-million carats of rough diamonds – a 26% year-on-year increase.
Independent diamond industry analyst and consultant Paul Zimnisky has published a report on global rough diamond prices in the 10 years since the global financial crisis.
Both rocks, said ALrosa, are believed to be gem-quality.
Lucara Diamond’s Lesedi La Rona is said to face challenges other rock never do, including its multi-million-dollar price tag and a risky polishing process that can take months or years.
The US company plans to operate Dominion as a standalone business, appointing a new chief executive based in Canada.
Vutomi licences were extended into additional area of mineralization adjacent to the firm’s Frischgewaagt project in South Africa.
Members of ALROSA Supervisory Board voted to approve Anton Siluanov, Minister of Finance of the Russian Federation, as Chairman of the Supervisory Board.
The company identified a group 2 kimberlite pipe in an area known by its high-grade diamonds.
Diamond Services reports a lowering threshold for synthetic diamonds, as man-made stones as small as 0.0025 cts. discovered in New York
Multiple single-cut diamonds, sized from a quarter point to half a point (0.0025-0.005 carats), which were contained in jewellery recently submitted for testing to a Diamond Services laboratory, have been found to be synthetic, greatly expanding the range of goods that can be considered at risk of improper and deceptive disclosure.
The world's largest diamond producer by output said market has refound its balance.
Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.
Rio's sale of The Australian Trilogy, an AUD$1.8 million one-of-a-kind coin collection featuring a pink, purple pink and violet diamond from the Argyle Diamond Mine, sold out in a month.
The 126-carat is the latest in a string of major discoveries Gem Diamonds have made at Letšeng this year.
Combined worth of 50 largest mining companies grow to $768 billion during first half of 2017, but a few big names drop down rankings.
The November 1991 discovery of diamonds in the Northwest Territories by Chuck Fipke and Stu Blusson put Canada on the global diamond map.
In 2016, ALROSA's investments in underground mines and other core production facilities amounted to RUB 16.5 billion or 60% of the Company's total capital investments.
The Tanzanian government submitted three bills to parliament on Thursday that would allow it to force mining and energy companies to renegotiate their contracts.
The firm, a joint venture between De Beers and the southern Africa country's government, plans to extend the lifespan of its Jwaneng mine beyond 2024.
The company, which owns the Cullinan mine that has produced the two largest diamonds in the British Crown Jewels, said output and revenue will be lower than market expectations.
The South African firm has secured control of the gemstones producer and plans to delist it.
Gemfields has been at the centre of a bidding war between the South African private equity group and Fosun Gold, a unit of Fosun International.
Ratings agency Moody's warned on Wednesday that new regulations seeking to accelerate black ownership in South Africa's mining industry would deter investment, raise costs and diminish cashflow generation.