July 27, 2018

South African diamond fetches half a million dollars

The gem was sold on tender for $11,267 per carat.

July 26, 2018

De Beers sizes up Canadian diamond project, first big buy in nearly 2 decades

Anglo American unit De Beers expects its purchase of Canada's Peregrine Diamonds, its first upstream diamond acquisition since 2000, to be completed in a month to six weeks' time.

July 24, 2018

Canada scaring mining investors with long, unclear permit processes

Study released Tuesday by the Fraser Institute, British Columbia, Ontario and Quebec are the three main provinces where exploration permit processes have grown longer and less transparent over the past…

July 23, 2018

Petra shares drop after it cuts 2019 diamond production forecast

The miner said it expects to produce 4.6 million to 4.8 million carats in 2019, well below the 5.0-5.3 million carats it forecast in July last year.

July 22, 2018

Alrosa to start diamond mining at Zarya by 2019

Total diamond resources are estimated to contain 3.5 million carats of diamonds.

July 19, 2018

De Beers buys Canada’s Peregrine Diamonds for $81 million

Canadian firm is the sole owner of the Chidliak diamond project in Nunavut.

July 19, 2018

Miners wrote off almost one-third of investments over last decade

From the $939bn invested in major projects between 2008 and 2017, the world’s top 40 mining companies by market cap. wrote-off $273bn or 29% of the initial capital outlay.

July 18, 2018

Earth holds quadrillion tonnes of diamonds deep beneath its surface

Getting to them would take technology far beyond what we currently have at our disposal.

July 16, 2018

Fura Gems grabs more ruby assets in Mozambique

Gemstone producer us is expanding its footprint in Mozambique by acquiring nine ruby assets from ASX-listed Mustang Resources and Regius Resources Group.

July 12, 2018

Rio Tinto to sell its largest pink diamond

The 3.14-carat polished emerald cut diamond, known as The Argyle Alpha, is part of the line-up of 63 rare pink, red and violet diamonds in the 2018 Argyle pink diamonds…