Diamond stocks Articles

New DPA Ads Feature Intimate Moments

Jun 07, 2017 / Rapaport News

RAPAPORT... Images of couples sharing tender moments will grace theDiamond Producers Association (DPA)'s new range of still advertisements, as partof the organization's campaign to associate diamonds with love.The DPA launched this new phase of its marketing effort onTuesday in front of 1,000 jewelry retailers at the JCK Las Vegas show. Itincludes print and digital display advertisements, as well...Read More

Slower Visitor Traffic at JCK

Jun 07, 2017 / Avi Krawitz

RAPAPORT... There was a bit of a debate raging among exhibitors at the JCK Las Vegas show, and part of it revolved around the organizers' decision not to hold the event over a weekend. Buyer traffic was down - according to some estimates, by 20% to 25% - and suppliers were trying to figure out why. The popular theory was that retailers didn't want to leave their stores during the week and therefor...Read More

Mothballed Snap Lake mine's equipment to come under the hammer

7th June 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - Surplus underground and surface mining equipment from diamond major De Beers Canada's suspended Snap Lake mine, in the Northwest Territories, will come under the hammer from Wednesday in a series of negotiated sales and an online auction.TCL Asset Group and Nasdaq-listed Liquidity Services announced on Wednesday that they would handle the sale process, which includes...Read More

Phosa condemns charter tinkering, urges growth negotiations

7th June 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - Stop tinkering with sector charters and instead negotiate them in a manner that creates room for sizable growth, African National Congress (ANC) National Executive Committee member Dr Mathews Phosa urged on Wednesday.Delivering the keynote address at the Junior Indaba, the former premier of Mpumalanga was speaking a day after Mineral Resources Minister Mosebenzi Z...Read More

IIDGR unveils industry-first synthetic screening device for testing multiple stones in set jewellery

Jun. 6, 2017, 11:25 AM / The International Institute of Diamond Grading & Research (IIDGR)

The International Institute of Diamond Grading & Research (IIDGR), a De Beers Group company, today unveiled SYNTHdetect - the first synthetic screening device in the industry to test multiple stones in set jewellery at once without the need for a probe. It also has the industry's lowest referral rate at around 0.05 per cent.The device, unveiled at the JCK show in Las Vegas this week, uses IIDGR's...Read More

De Beers subsidiary unveils synthetic screening device for multiple stones

6th June 2017 / Creamer Media Reporter     

JOHANNESBURG (miningweekly.com) - Diamond giant De Beers' International Institute of Diamond Grading and Research (IIDGR) subsidiary on Tuesday unveiled a synthetic screening device to test multiple stones in set jewellery at once without the need for a probe.Synthdetect, which also has a low referral rate of around 0.05%, uses the group's patented luminescence technology to rapidly and simultaneo...Read More

Stellar looks to sell Guinea assets for $2m

5th June 2017 / Megan van Wyngaardt     

JOHANNESBURG (miningweekly.com) - West Africa-focused Stellar Diamonds has entered into a conditional binding term sheet with financial corporation BDG Capital for the proposed sale of its assets in the Republic of Guinea.This includes certain plant and equipment, as well as the shares in subsidiary companies Ressources Tassiliman Baoul, which holds 75% interest in the Baoul project; Ressources Ma...Read More

Gahcho Ku delivers two more large diamonds

3rd June 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - Mountain Province Diamonds has announced the discovery of two large gem-quality diamonds of 84.65 ct and 53.90 ct at the joint venture (JV) Gahcho Ku mine, in April.Mountain Province owns 51% of the mine, with De Beers owning the balance.AdvertisementEach month, the partners bid for the fancy coloured and 10.8-carat-plus diamonds, and Mountain Province won the bid in...Read More

Top diamond miner's 36-year-old chief to prove himself with cuts

Jun. 2, 2017, 1:51 PM / Bloomberg

Sergey Ivanov acknowledges that some people may be skeptical over how he landed his latest job.The 36-year-old son of one of Russian President Vladimir Putin's close allies was catapulted into the post of chief executive officer at Alrosa PJSC, the world's largest diamond miner, in a surprise appointment in March."People in the West probably pricked up their ears," he said in an interview.Ivanov,...Read More

De Beers South Africa takes state to court over export exemption

Jun. 2, 2017, 1:42 PM / Bloomberg

De Beers, the world's biggest diamond producer by value, has taken South Africa's government to court, after a report it was denied an export license by the country's Department of Mineral Resources.The division of Anglo American Plc will also seek to engage the department in talks regarding the export exemption, the company said in an emailed statement. It declined to comment further, citing the...Read More

Young bull run kickstarts cyclical mining industry into exploration mode

2nd June 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - With the commodity and equity markets in much better shape than a year ago, mining industry players are navigating the early days of a new bull run with renewed interest in exploration and mergers and acquisitions activity to secure future supplies.While the commodity market is perhaps not ramping up quite as fast as might have been hoped for, signs of recovery perme...Read More

Tychean makes a play for Blom Diamonds

2nd June 2017 / Natasha Odendaal     

JOHANNESBURG (miningweekly.com) - ASX-listed Tychean Resources has inked a binding agreement to acquire a 74% interest in South Africa-based diamond company Blom Diamonds, from Ernest Blom.The deal, which includes Blom Diamond Cutting Works and Mons Montis Diamonds, will transform Tychean into a vertically integrated diamond-focused company.AdvertisementTychean proposes to acquire a 74% equity int...Read More

US diamond jewellery demand hits all-time high

2nd June 2017 / Natasha Odendaal     

JOHANNESBURG (miningweekly.com) - As total diamond jewellery demand increased marginally to $80-billion in 2016, demand from US consumers ticked up 4.4% to break through the $40-billion mark for the first time.After recording the fifth consecutive year of growth, US consumers now accounted for roughly half of all diamond jewellery purchases globally - a level not seen since before the financial cr...Read More

Hard-wearing materials handling solution keyto energy savings

2nd June 2017 / Robyn Wilkinson     

Energy-saving solutions employed in materials handling processes that allow for the strategic redirection of energy use in mining operations are crucial for securing the future of the South African mining industry, says long-life wear solutions provider Rio-Carb director Martin Maine. He highlights that mining is an energy- intensive sector, pointing out that energy- saving solutions have an impor...Read More

Mountain Province Diamonds jumps 11.4% on 53- and 84-carat finds

Jun. 1, 2017, 3:26 PM / Andrew Topf

Executives and shareholders of Mountain Province Diamonds (TSX:MPV) had reason to celebrate with the release of an operational update yesterday that highlighted the discovery of two significant diamonds, including the largest recovered to date from its Gahcho Ku mine, which opened last September in the Canadian far north.The TSX and NASDAQ-listed company said it unearthed two gems, one at 53.9 car...Read More

Israeli diamond billionaire Leviev buys into Zambia emerald mine

1st June 2017 / Bloomberg     

JOHANNESBURG - Billionaire Lev Leviev, who made his fortune undercutting De Beers' former diamond monopoly, has bought half of one of Africa's biggest emerald mines.Leviev bought into the Grizzly emerald mine in Zambia's Copperbelt province, which borders the Democratic Republic of Congo, Kombadayedu Kapwanga, MD Leviev's Namibian unit, said by phone. The operation has been renamed Gemcanton Inves...Read More

Botswana Lerala Diamond Mine shuts down - newspaper

1st June 2017 / Reuters     

GABORONE - Australia's Kimberley Diamonds has shut its Lerala Diamond Mine in Botswana citing weak market conditions, leaving 130 workers unemployed, a local newspaper reported Thursday.Botswana Mine Workers Union national organising coordinator, Abel Buka told Mmegi Newspaper that Kimberley had briefed workers in a letter that it was closing operations after failing to agree a funding deal wi...Read More

Gemfields steps up fight against takeover by largest investor

May. 31, 2017, 9:06 AM / Cecilia Jamasmie

Emeralds and rubies miner Gemfields (LON:GEM) said Wednesday a group of independent directors recommended shareholders to reject a takeover bid by largest investor Pallinghurst Resources Limited.The Johannesburg-listed private equity firm wants to buy all the shares it doesn't already own in Gemfields, but an "independent committee" formed by the precious stones miner has determined the offer "sig...Read More

Rockwell future hinges on timely single-mine ramp-up, business rescue wrap

31st May 2017 / Henry Lazenby     

VANCOUVER (miningweekly.com) - The future of Canadian alluvial diamond miner Rockwell Diamonds hinges on the timely and successful ramp-up of its now flagship Wouterspan (WPC) operation, in South Africa's Middle Orange River region, and the completion of the business rescue process implementing the company's new mining strategy.Earlier this month, an application to have Rockwell's three subsidiari...Read More

De Beers taking Minerals Minister to court over bewildering diamond export obfuscation

31st May 2017 / Martin Creamer     

JOHANNESBURG (miningweekly.com) - The South African government is refusing to grant an exemption to diamond mining company De Beers Consolidated Mines (DBCM) relating to the exportation of diamonds to neighbouring Botswana for aggregation, Mining Weekly Online can today report.Aggregation is the process of mixing like-for-like rough diamonds from mines in South Africa, Botswana, Namibia and Canada...Read More