Diamond stocks Articles

CHART: Trump $500 billion will do very little for global mining

Nov. 17, 2016, 6:00 AM / Frik Els

During his campaign Donald Trump promised to push through a $500 billion spending program to build bridges, roads, railways, schools and hospitals early next year and the president elect has aspirations of $1 trillion in infrastructure build-out in the US over the next decade.The surge in industrial metals prices and steelmaking raw materials following the surprise victory of Trump has definitely...Read More

Lucara fetches $38.7 million in second exceptional diamond tender of 2016

Nov. 17, 2016, 2:44 AM / Lucara Diamond Corp.

Lucara Diamond Corp. (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") is pleased to announce excellent results from its second Exceptional Stone Tender of 2016. This tender of Karowe diamonds consisted of 12 single stone lots. All 12 diamonds, totaling 1,098 carats, were sold for gross revenues of US $38.70 million (US $35,230 per carat).Highlights: 5 diamonds sold for...Read More

Less than shiny: De Beers recent sale the lowest this year

Nov. 15, 2016, 6:55 AM / Cecilia Jamasmie

Diamond giant De Beers, the world's top producer by value, saw its sales of rough gems fall in its latest offering, but said results were in line with expected seasonal demand patterns.The Anglo American's unit sold $470 million of diamonds in the ninth cycle, compared with $494 million fetched at its previous sale."Encouragingly, the ninth sales cycle of 2016 showed continued good demand for De B...Read More

Alrosa diamond sales drop in October, but outlook remains positive

Nov. 15, 2016, 6:20 AM / Cecilia Jamasmie

Russia's Alrosa (MCX:ALRS), the world's top diamond producer by output in carats, said Tuesday that sales of rough gems dropped slightly in October, when compared to the previous month, though polished diamond sales remained unchanged.Rough gems sales totalled $430.8 million in October, slightly less than the $435 million fetched in September, Alrosa said. Polished diamond sales came to $8.2 milli...Read More

New initiative aims to advance responsible sourcing of raw materials in technology supply chains

Nov. 15, 2016, 5:15 AM / Electronic Industry Citizenship Coalition

The Electronic Industry Citizenship Coalition (EICC) and the Conflict-Free Sourcing Initiative (CFSI) today announced the launch of the Responsible Raw Materials Initiative (RRMI) to address the most significant social and environmental impacts related to the extraction and processing of raw materials used in the global supply chains of technology companies in multiple industries.Years before the...Read More

UAE KP Chair encourages independent funding of NGOs and creation of UN Permanent Secretariat at Annual KP Plenary

Nov. 14, 2016, 9:24 AM / Kimberley Process Certification Scheme (KPCS)

His Excellency Abdullah Al Saleh, Undersecretary for Foreign Trade & Industry, UAE Ministry of EconomyDubai, UAE: His Excellency Abdullah Al Saleh, Undersecretary for Foreign Trade & Industry, UAE Ministry of Economy, and the UAE Kimberley Process Chair (KP Chair), Ahmed Bin Sulayem, welcomed over 300 delegates, including Civil Society, to Dubai for the Kimberley Process Plenary Meetings (13-17 No...Read More

World Diamond Council praises industry progress ahead of the 2016 Kimberley Process Plenary Meeting in Dubai

Nov. 10, 2016, 8:18 AM / World Diamond Council

World Diamond Council (WDC) members representing every sector of the diamond trade, from producer to retail, will join together on Nov. 13 - 17 to promote dialogue in the Kimberley Process (KP), and discuss mechanisms for greater industry inclusion at the 2016 Kimberley Process Plenary Meeting in Dubai."The WDC reaffirms its commitment to assist all parties in their efforts to have a productive di...Read More

Dominion moves headquarters to Calgary in cost-cutting effort

Nov. 8, 2016, 6:26 AM / Cecilia Jamasmie

Canada's Dominion Diamond (TSX, NYSE: DDC) is packing up its Yellowknife headquarters and heading to Calgary, as part of a cost-cutting move that will leave about 100 unemployed, but that will save the firm $19 million a year.Operations at Ekati will continue uninterrupted, and development of the Jay deposit, about 25 km from the mine, will also be maintained.The diamond producer, which runs the E...Read More

Lucapa soars on record sales from Angola mine

Nov. 7, 2016, 2:26 AM / Cecilia Jamasmie

Shares in Australian Lucapa Diamond (ASX:LOM) jumped Monday after the company announced a record result from the latest sale of diamonds from the Lulo diamond project in Angola.The Africa-focused miner said it has fetched $8.3 million after selling 1,864 carats of rough diamonds, which worked out to be $4,452 per carat.The figures are the highest ever achieved for a sale of gems from the Angola mi...Read More

World's largest pair of pear-shaped diamonds could fetch up to $30m

Nov. 3, 2016, 1:00 AM / Cecilia Jamasmie

A newly created set of drop earrings featuring the world's largest pair of pear-shaped diamonds, is expected to fetch up to $30 million when they go under Christie's hammer in Geneva on Nov. 15.The "flawless quality" rocks, weighing 52.55 and 50.47 carats, were made into earrings by Boehmer et Bassenge's new boutique Maison de Haute Joaillerie, in Paris.The piece of jewellery, named Miroir de l'Am...Read More

This is the world's largest flawless heart-shaped diamond

Nov. 2, 2016, 10:00 AM / Valentina Ruiz Leotaud

Yes, they are a girl's BFFs. Of course, not every girl can get them and this particular gemstone is definitely a hard-to-get booty.Graff Diamonds has just revealed in London its Graff Venus, the largest D Flawless heart shape diamond in the world, which weighs 118.78 carats and is the size of a walnut. (Photo: Graff Diamonds).The rock has been described as a flawless type IIA with excellent polish...Read More

More policy attention needed on artisanal mining - UNCTAD

Nov. 1, 2016, 1:00 AM / UNCTAD

Artisanal and small-scale mining offers opportunities to generate jobs, reduce poverty, and provide livelihoods, but this sector has been largely ignored by policy-makers and donors, an UNCTAD official said. In addition, poor management of this sector contributes to serious health and environmental risks, said Yanchun Zhang from UNCTAD's Special Unit on Commodities."Artisanal gold mining, which ac...Read More

Anglo American plots 2bn South African mines spin-off

Oct. 30, 2016, 4:24 PM / The Telegraph

Anglo American is sounding out investors about a multi-billion pound spin-off of its South African operations in an attempt to pacifiy growing pressure from its biggest shareholder to consider a radical break-up.The FTSE-100 giant, which wants to focus on diamonds, platinum and copper, is looking at packaging up its "non-core" thermal coal and iron ore assets in South Africa as it moves into the s...Read More

Data contained in diamonds could stay there forever too

Oct. 27, 2016, 11:03 AM / Cecilia Jamasmie

It's said diamonds are forever and if the results of a new study published this week leads to a new, more practical use of the precious stones, data could also be stored on them, virtually forever.According to a paper available at the journal Science Advances, diamonds can be used as a way to store vast amounts of data using atom-size flaws ordered in 3D arrays.The authors, a team of physicists fr...Read More

UAE KP Chair visits Russia to discuss strengthening of KPCS Foundations

Oct. 27, 2016, 8:20 AM / Kimberley Process Certification Scheme (KPCS)

Dubai, UAE: After the successful implementation of his Africa Initiative, the UAE Kimberley Process (KP) Chair, Ahmed Bin Sulayem, has conducted an official visit to the Russian Federation - the biggest exporter of rough diamonds in the world. As one of the founders of the KP in 2002, Russia is an active participant of the global initiative. It serves as the Chair of the Committee on Rules and Pro...Read More

Clarification by CENADEP in regards to Civil Society participation in the November 2016 Kimberley Process Plenary Session in Dubai

Oct. 27, 2016, 12:40 AM / Partnership Africa Canada

CENADEP (National Support Centre for Development and Popular Participation), a member of the Civil Society Coalition, was stunned to discover an article about our organization in the United Arab Emirates press - more specifically, in the October 23, 2016 issue of The National Business. The article, entitled DR Congo NGO ends boycott of UAE's Kimberley Process Chairmanship, states that CENADEP brok...Read More

Kimberley Process plenary meeting has critical issues to discuss, says World Federation of Diamond Bourses

Oct. 26, 2016, 10:07 AM / WFDB

WFDB President Ernie BlomAntwerp, Belgium - October 26, 2016: The World Federation of Diamond Bourses (WFDB) says the upcoming Plenary meeting of the Kimberley Process Certification Scheme (KPCS) which takes place in Dubai, UAE, from November 13-17 will have important issues on its agenda. The KPCS continues to play a critical role in curbing trade in conflict diamonds and the WFDB's membership is...Read More

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Oct. 26, 2016, 4:45 AM / Cecilia Jamasmie

Mick Davis' X2 Resources, the mining fund once touted as the driver of much-needed investment into the mining industry during the worst of the commodities price rout, has freed investors from their financial commitments after failing to score any deals in three years.Relatively high assets valuations and an investor veto on deals frustrated Davis and his team in their search for mining bargains. R...Read More

KP Chair flags independent funding of NGOS in the KPCS by year end

Oct. 25, 2016, 8:09 AM / Kimberley Process Certification Scheme (KPCS)

Dubai, 25 October: The UAE Kimberley Process Chair (KP Chair), Ahmed Bin Sulayem, has issued a proposal related to fair, independent funding of NGOs in the KPCS.According to the proposal, which was sent to CSC on October 25, 2016, the KP Chair will lead the creation of a Fund, which would allow African NGOs to participate on equal terms in Review Visits and Missions, as well as KP Intersessional a...Read More

Botswana Diamonds finds octahedron in sample material at Orapa

Oct. 25, 2016, 7:58 AM / Cecilia Jamasmie

Shares in London-listed Botswana Diamonds (LON:BOD) climbed nearly 3% Tuesday after the company announced the discovery of a 1mm octahedron-shaped diamond while prospecting at Orapa.The company, which began exploring the area in March this year, said that specialists from its joint venture partner Alrosa are in the midst of reanalyzing 80 tonnes of samples that were sent to a processing facility i...Read More