June 2, 2014

Peak diamonds on the horizon?

The fracking boom in North America may have made 'peak oil' somewhat of a dated phrase but could 'peak diamonds' take its place as the new catch phrase for resource…

May 30, 2014

Golconda diamond fails to find buyer at Christie’s auction in Hong Kong

It was expected to fetch up to $10 million.

May 29, 2014

De Beers plans for Snap Lake mine challenged by locals

The firm wants to change its water licence to double the current chloride limit pumped into nearby lake.

May 27, 2014

World’s leading hub for diamond trade threatened by further Russian sanctions

While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.

May 26, 2014

Largest Golconda diamond goes under Christie’s hammer in Hong Kong

It is expected to fetch up to $10 million.

May 26, 2014

Rio Tinto to launch virtual tour of its Canadian Diavik diamond mine

The virtual reality headset will debut at the JCK Luxury Show in Las Vegas.

May 18, 2014

Global mining deals picking up, but far from returning to boom times

Companies’ low valuation, the current focus on operational efficiency in the mining sector, and the chase for overseas assets by Chinese investors, are pushing deals up.

May 16, 2014

Christie’s sets all-time auction record with ‘The Blue’: $24 million

The 13.22 carats pear-shaped precious gem has been rechristened as the "Winston Blue."

May 14, 2014

This is what a $16.3 million yellow diamond looks like

The "Graff Vivid Yellow” diamond, one of the world’s largest cut precious gems of any colour, fetched Tuesday an astronomical $16.3 million at Sotheby’s Geneva auction.

May 12, 2014

Paragon Diamonds interest in Lemphane increased to 100%

Paragon will now hold 80% of the equity in the project, together with the Government of Lesotho holding 20%.