Company says it was forced to lay off employees from across the business given "current market conditions."
Diamond Mining News
KP Chair holds discussions with Tokyo Diamond Exchange Club, Japan Gem Society and leading Japanese jewellery retailers
The UAE Kimberley Process Chair, Ahmed Bin Sulayem, has travelled to Japan to meet with senior representatives from the country’s diamond trade industry. The goal of the discussions was to determine how these organisations can focus on generating awareness and raising consumer confidence in the KP and the broader diamond industry.
The miner said the decision applies to the entire 3,000 square kilometer Lulo site, a project that has bored some massive gems, including the largest diamond ever found in Angola.
Global miners have been cutting spending on new projects and expansions since 2012.
Undeterred by transportation challenges at its northern Canadian diamond property, Peregrine Diamonds is about to open its wallet for the next phase of exploration.
Platform aims to help local suppliers bid for contacts related to the Plan Nord, a provincial initiative to invest about $1.3 billion in infrastructure and other projects over the next five years.
While most miners have managed to straighten the balance sheets, they have not began preparing to deal with a new looming risk —their ability to access workers with the skills needed in an upswing.
KP Plenary reaches historic agreement on Permanent Secretariat and NGO Fund Proposals by UAE KP Chair
Proposals to be approved by United Nations General Assembly by end of 2016
Even if the US president-elect's massive infrastructure build-out plan makes it through Congress intact.
Lucara Diamond Corp. is pleased to announce excellent results from its second Exceptional Stone Tender of 2016.
The world’s top diamond producer by value said results were in line with expected seasonal demand patterns.
Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September.
The EICC and CFSI Launch the Multi-Industry Responsible Raw Materials Initiative (RRMI).
UAE KP Chair encourages independent funding of NGOs and creation of UN Permanent Secretariat at Annual KP Plenary
Over 300 participants from around the world flock to Dubai to discuss issues vital to the future of the KP and stakeholders of the diamond industry
World Diamond Council praises industry progress ahead of the 2016 Kimberley Process Plenary Meeting in Dubai
WDC to host an Observers Forum encouraging constructive dialogue and upholding the integrity of the diamond supply chain
The move comes on the heels of a similar decision by De Beers Canada, which moved its headquarters from Toronto to Calgary in July.
The stock jumped after it announced it had fetched $8.3 million for 1,864 carats of rough diamonds from its Lulo project.
They are part of a newly created set of drop earrings to go under Christie's hammer in Geneva on Nov. 15.
Graff plans to showcase it around the world before setting it as a jewel.
Artisanal and small-scale mining offers opportunities to generate jobs, reduce poverty, and provide livelihoods, but this sector has been largely ignored by policy-makers and donors, an UNCTAD official said.
Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.
Scientists say precious stones could have a more practical, equally long-term use one day.
Bin Sulayem meets with Deputy Minister of Foreign Affairs and Deputy Minister of Finance to advocate importance of Permanent Secretariat in the United Nations
Clarification by CENADEP in regards to Civil Society participation in the November 2016 Kimberley Process Plenary Session in Dubai
Partnership Africa Canada is one of the 11 members of the Kimberley Process Civil Society Coalition that is boycotting this year’s chair — the UAE.
Kimberley Process plenary meeting has critical issues to discuss, says World Federation of Diamond Bourses
The KPCS continues to play a critical role in curbing trade in conflict diamonds, said WFDB President Ernie Blom.