December 16, 2016

Failing to find a buyer, De Beers will flood Snap Lake Mine 

Work on flooding the tunnels of the shuttered diamond mine will start in early January and is expected to take between six and eight weeks.

December 16, 2016

This rare blue diamond was just found in Australia

While it was “only a small diamond at 0.124 carats,” the firm says it demonstrates the potential for valuable coloured precious rocks at the mine, currently in its ramp up…

December 15, 2016

Rough diamond prices higher in 2016 as production cuts and restocking flip supply/demand

In 2016, the diamond industry has been marked by the follow-through of actions taken by De Beers, ALROSA and Rio Tinto to curtail global supply.

December 14, 2016

De Beers latest diamond sales hit by India’s demonetization

The diamond producer by value sold $418 million of gems in its 10th cycle, compared with $476 million at its previous offering, which shows demand has slowed since India's withdrawal…

December 13, 2016

Here’s how lab created diamonds are made

Technological leaps have allowed companies to create large numbers of gem-quality stones inexpensively, but very few know how they are really made.

December 12, 2016

Lab-made diamond harder than the natural gem

Diamonds' position at the pinnacle of the Mohs scale could be in jeopardy according to recent research by scientists at Australian National University.

December 9, 2016

Fresh shake-up at Rio Tinto in aftermath of bribery probe

Russian-Canadian Vera Kirikova will become human resources group executive while Simone Niven will assume the corporate relations group executive post.

December 8, 2016

Anglo American about to make key decision on South African assets sale

While the miner is not longer being pressed to include its platinum assets in the divestment plan, the issue of how to package mines and which ones to include, remains…

December 7, 2016

Capital allocation: Canadian miners’ top priority for 2017

With fluctuating commodity prices, the top priorities for Canadian miners next year will be capital allocation, strategic deal making and employing new technology and innovations, a report shows.

December 7, 2016

Global rough diamond production about to reach its peak

Global rough diamond production will reach its peak in only three years before entering into a supply deficit by 2020, two separate reports show.