Diamond stocks Articles

Israel's Diamond Exports Continue to Slide

Oct 26, 2017 / Rapaport News

RAPAPORT... Israel's diamond trade has slowed so far in 2017, as orders from the US declined, data from the Economy Ministry showed. The country's exports of polished diamonds fell 12% year on year to $3.38 billion during the first nine months of 2017, while the volume of goods sent out dropped 11% to 1.297 million carats. The average price of the shipments slid 1% to $2,608 per carat, according t...Read More

Labs Launch Credit Card-Sized Grading Reports

Oct 26, 2017 / Joshua Freedman

RAPAPORT... HRD Antwerp and the International Gemological Institute(IGI) have both released credit card-sized diamond reports, aiming to makegrading more efficient for traders. The two Antwerp-based laboratories unveiled the polished-diamondidentity cards this week, though their products are unrelated to each other.Both organizations' reports contain the stone and the report together in asealed ca...Read More

Resources Watch

26th October 2017 / Staff reporter

Welcome to Creamer Media's Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.This week:Exploration, junior culture needed to save miningYoung HDSA diamond beneficiators doing wellAnd, Diamond exploration intensifying close to mine that paid for itself in 3.5 daysAdvertisementUnless South Africa starts exploring again and finds new...Read More

Strategy Chief Gareth Mostyn to Leave De Beers

Oct 25, 2017 / Rapaport News

RAPAPORT... Gareth Mostyn, executivehead of strategy and corporate affairs at De Beers, will leave thecompany in early 2018 to become chief finance and operations officer of theChurch of England. Previously chief financialofficer at De Beers, Mostyn (pictured) took over his current role from Bruce Cleaver, wholater became De Beers' CEO.Mostyn began working at De Beers'parent company, Anglo America...Read More

Gahcho Ku Production Exceeds Forecasts

Oct 25, 2017 / Rapaport News

RAPAPORT... Mountain Province Diamonds could surpassits diamond output target for 2017 from the Gahcho Ku mine in Canada'sNorthwest Territories due to stronger-than-expected production in the thirdquarter.Mountain Province is a 49% partnerwith De Beers Canada in the mine, which consists of a cluster of four kimberlites,three of which are being developed and mined under the current plan.Total produ...Read More

De Beers JV to close four Namibian mines by 2022 - union official

25th October 2017 / Reuters     

WINDHOEK - Namdeb, a 50:50 joint venture between the Namibian government and Anglo American's diamond unit De Beers, plans to close four mines by 2022 in the southern African country, a Namibian newspaper quoted a union official on Tuesday as saying.The Namibian Sun quoted Mineworkers Union of Namibia Oranjemund branch chairperson Mbidhi Shavuka as saying that the union would talk to Namdeb to...Read More

Lucapa Raises Targets for Lesotho Mine

Oct 25, 2017 / Rapaport News

RAPAPORT... Lucapa Diamond Company has raised itsoutput, cash-flow and mine-lifespan forecasts for the high-value Mothae kimberlitediamond project in Lesotho, where operations are due to start next year.The Lesotho government has also agreed todefer an outstanding $4.5 million payment owed by Lucapa until mid-2018, theminer said this week. Lucapa signed an agreement in January toacquire a 70% stak...Read More

De Beers Sees Sales Volume Rise

Oct 25, 2017 / Rapaport News

RAPAPORT... De Beers' sales volume and production jumped in the thirdquarter as the market stabilized and due to the contribution of the recently launched Gahcho Ku mine in Canada.Rough-diamond sales grew 21% to 6.9 million carats in thethree months to September 30, parent company Anglo American said Tuesday. The improvement came as demand for lower-value goodsreturned to normal this year, the com...Read More

Alrosa Sales Hit by Weak Rough Demand

Oct 25, 2017 / Joshua Freedman

RAPAPORT... Alrosa's sales fell in the third quarter as the rough-diamond market slowed ahead of the Diwali festival.The company reported rough sales of $848 million during the period, which was 13% lower than a year ago, according to Rapaport records. The decline reflected a drop in rough demand experienced during the summer.Amid the slowdown, Alrosa permitted clients to reject up to 50% of their...Read More

Relook at low-carat pipes could spring big diamond surprises

25th October 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - Diamond kimberlites with a very low number of carats per hundred tons have in the past tended to be passed over by diamond mine developers, but their propensity to host big Type II diamonds that sell for large sums of money is now being acknowledged.Although diamond company De Beers walked away from what is today the Karowe mine in Botswana as well as what is toda...Read More

Luk Fook Sales Growth Reflects China Recovery

Oct 24, 2017 / Rapaport News

RAPAPORT... Luk Fook recordedan increase in same-store sales in its second fiscal quarter, driven by strongperformances in mainland China and Hong Kong after a prolonged revenue decline.Same-store sales grew 17% year on year in thethree months that ended September 30, powered by a robust performance at itsoutlets in mainland China, where same-store sales were up 11%, the Hong Kong-based jeweler re...Read More

Signet Closes $960M Sale of Prime Credit Program

Oct 24, 2017 / Rapaport News

RAPAPORT... SignetJewelers has completed the first stage in outsourcing its in-house creditprogram.This includesthe sale of its prime-only receivables tothecard services business of Alliance Data SystemsCorporation for $960 million, Signetsaid. Prime credit relates to customers with a strong likelihood of makingpayments. The deal also involves contracting out the servicing of non-prime products so...Read More

Storied Yellow Diamonds Could Sell for $14M

Oct 24, 2017 / Rapaport News

RAPAPORT... Sotheby's will offer the DonnersmarckDiamonds, once owned by La Pava, one of the most famous 19th-centurycourtesans in Paris, at its Magnificent and Noble Jewels auction in Geneva nextmonth.With a pre-sale estimate of $9 million (CHF 8.8 million) to $14million (CHF 13.7 million), the pair of fancy intense yellowdiamonds consists of a cushion-shaped diamond weighing 102.54 carats, and...Read More

Botswana Diamonds discovers eight kimberlites at Free State project

24th October 2017 / Anine Kilian     

JOHANNESBURG (miningweekly.com) - Aim-listed Botswana Diamonds has discovered eight group one kimberlites at its Free State project. Active exploration has begun on the project, which comprises four prospecting rights covering 50 000 ha of ground within a kimberlite cluster, which has the iconic diamond mines of Jagersfontein and Koffiefontein at its eastern end and Kimberley and Finsch at its wes...Read More

Stellar receives environmental licence for Tongo project

24th October 2017 / Anine Kilian     

JOHANNESBURG (miningweekly.com) - Sierra Leone's Environmental Protection Agency has granted Aim-listed Stellar Diamonds an environmental licence for its Tongo diamond mining project.It is now expected that the National Minerals Agency will draw up the Tongo mining licence for consideration.Advertisement"The receipt of the environmental licence marks an important milestone in the proposed developm...Read More

De Beers' Q3 output rises 46% y/y

24th October 2017 / Mia Breytenbach     

JOHANNESBURG (miningweekly.com) - Diamond major De Beers' rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions, as well as the contribution from the ramp-up of the Gahcho Ku joint venture mine, in Canada.Production in Canada increased five-fold to 1.1-million carats with Gahcho Ku starting commercial p...Read More

Alrosa reaffirms 2017 guidance of 5% production growth

24th October 2017 / Mariaan Webb     

JOHANNESBURG (miningweekly.com) - Diamond giant Alrosa remains on track to produce 39.3-million carats in 2017, the company's first VP Igor Sobolev reported this week, pointing out that output for the first nine months of the year had increased by 6% year-on-year.Alrosa produced 29.54-million carats in the first nine months of the year, compared with 27.88-million carats in the same period last ye...Read More

De Beers Reports Big Jump in Output in Q1-Q3

October 24, 17 / Albert Robinson

(IDEX Online) - De Beers reported a 46% rise in production on the year for the third quarter at 9.2 million carats. For the first nine months of this year, output was up 29% to 25.3 million carats from 19.6 million carats last year. Ther miner said that "stable trading conditions supported an increase in rough diamond production, driven principally by Debswana, and the ramp-up of Gahcho Ku." Read More

Shared vision needed for mining to boost entire economy - Mgojo

24th October 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining's latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday.Speaking at a media lunch, Mgojo emphasised the folly of glib reference to mining being a national asset without collectively s...Read More

Mountain Province: Grades Up, Diamond Prices Seasonally Slow

October 24, 17 / Albert Robinson

(IDEX Online) - Mountain Province Diamonds Inc. announced that grades recovered for the third quarter ended September 30 from the Gahcho Ku Diamond Mine were above plan while sales at its eighth sale of the year were slow due to Jewish and Hindu festivals. David Whittle, the company's Interim President and CEO, said: "The recovered grade in the third quarter of 2.22 carats per tonne remain...Read More

Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok