Diamond Mining News

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

More iron ore comes to the market as Anglo’s output soars in Q1

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.

Harrogate company helps discover diamonds

A family-run Yorkshire firm has just dispatched its largest order – nearly three miles of hoses to a diamond mine in Angola.

India’s Supreme Court won’t try forcing UK to return Kohinoor diamond

The court said it cannot interfere in the diplomatic process nor can it direct another country to not auction the gem.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

$10 Million blue diamond arrives in Canada

Kashif Khan wants Canadian investors to get acquainted with some unusual diamonds

Dominion says no contact with Washington Corp after $1.1bn takeover bid

The company has repeatedly offered to engage with Washington Corp on "customary terms," according to Chairman Jim Gowans, but that has not happened.

Iron ore, copper price plunge brings carnage to mining stocks

Worries about Chinese economy and rising tension surrounding North Korea brings fear trade to mining and industrial metals.

Western Canadian mining shines with gems and precious 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.

Diamond giant Alrosa offices raided – report

Russia's Federal Security Service is investigating the world's top diamond producer in relation to assets sales dating back years.

Rio Tinto to fight $447 million Australian tax bill

The amount is linked to what is known as “transfer pricing” between Rio Tinto’s Australian operations and its Singapore office.

‘Conflict minerals’ entering tech supply chains from countries beyond Africa — report

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.

Firestone soars after finding massive diamond at new Lesotho mine

The stock shot up 13% in London Wednesday after Firestone announced it had unearthed an 110-carat yellow diamond, it’s biggest find so far at its Liqhobong mine.

Dominion Diamond looks for potential buyers in own backyard — source

Strategy is part of Dominion's goal of securing the best deal possible for all its shareholders.

Alrosa fetches almost $13 million at auction in Vladivostok

Alrosa, the world’s largest diamond miner by output in carats, has held an auction to sell industrial grade and gem quality natural rough diamonds in the Eurasian Diamond Centre.

Pink Star diamond breaks world record at $71.2 million

The stunning 59.6-carat diamond smashed the $60 million pre-sale estimate set by Sotheby's at Tuesday's auction in Hong Kong.

Diamond market regaining sparkle — DeBeers sales up again

The world’s No.1 diamond miner by value, reported a 4.9% rise in sales during the third cycle of the year, on the back of a global recovery in prices and demand.

EU toughens up rules on imports of conflict minerals

The new law, which will come into force in 2021, requires importers to ensure their business do not contribute to armed conflicts.

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.

‘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.