October 7, 2024

Lucara sells off Clara diamond sales platform

The total consideration is $3 million on closing and the return of 10 million Lucara common shares initially issued as partial consideration when Lucara acquired Clara in 2018.

October 4, 2024

Angola diamonds not under sanctions but Russia link is obstacle

Angola’s state-owned diamond producer said some clients were deterred by its partnership with Alrosa.

October 3, 2024

Rio Tinto’s Diavik diamond mine moves into commercial production underground

The miner said last year it was going ahead with a $40 million expansion of Diavik, which will extend the operation’s life to at least early 2026. 

October 2, 2024

Rio Tinto launches ‘Colour Awakened’ historic collection from Argyle diamond mine

The collection is headlined by seven “Old Masters”, notable historic diamonds from the Argyle mine that operated from 1983 to 2020.  

September 25, 2024

Burgundy Diamond halts Sable expansion plans at Ekati in Northwest Territories

Earlier this year, the company told the CBC that "the financial viability and sustainability" of its business are at risk without the Sable underground project.

September 25, 2024

Karelian closer to finding green diamond source in Finland

Irish explorer has completed a detailed excavation program in the Kuhmo region, where it found a rare green diamond in 2022.

September 24, 2024

Rio Tinto offers early termination to Diavik employees to save costs

The diamond mine is slated to close in the first quarter of 2026.

September 24, 2024

Petra Diamonds adjusts strategy amid 2024 market challenges

The diamond miner dealt with headwinds in fiscal year 2024 with strategic cost reductions and operational adjustments.

September 23, 2024

Gem Diamonds’ Letšeng mine yields 212-carat stone

It is the 13th diamond over 100-carat unearthed this year at the Lesotho mine.

September 19, 2024

FATF asks for tighter checks on India’s precious metal deals

The South Asian nation has about 175,000 businesses in this sector, but only some 9,500 are registered.