Diamond stocks Articles

Afghanistan deploys security forces in large illegal mining crackdown

Jun. 8, 2016, 3:42 AM / Cecilia Jamasmie

Afghanistan has deployed security forces to ensure that insurgents fighting to overthrow the government do not benefit from illegal mining of lapis lazuli, the semi-precious blue stone once coveted by Egyptian pharaohs.Illegal extraction of lapis lazuli and other minerals is fuelling the rise of the Taliban in a once peaceful corner of the country.The move comes only a few days after anti-corrupti...Read More

2016 metals, mining outlook darkens

Jun. 7, 2016, 1:02 PM / Frik Els

The World Bank is downgrading its 2016 global growth forecast to 2.4% from the already sluggish 2.9% pace projected in January.According to the latest update by the institution, exporting emerging market and developing economies have struggled to adapt to lower prices for oil and other key commodities, and this accounts for half of the downward revision.Growth in these economies is projected to ad...Read More

Top miners squandered $200 billion during boom

Jun. 7, 2016, 10:51 AM / Frik Els

There are many startling statistics in PwC's latest report into the performance of the world's 40 largest mining companies which the management consultants called a "race to the bottom".The Mine 2015 report shows the top 40 companies suffering their first collective net loss in history of $27 billion, a loss in collective market capitalization of 37% (to below half a trillion dollars) with some...Read More

Argyle Pink Diamonds Tender world exclusive preview in Copenhagen

Jun. 7, 2016, 8:50 AM / Rio Tinto

7 June 2016- Rio Tinto's spectacular 2016 Argyle Pink Diamonds Tender has been launched during a world exclusive preview in Copenhagen against the backdrop of a rare Argyle pink diamond jewellery exhibition.The 2016 Argyle Pink Diamonds Tender includes 63 pink, red and violet diamonds and represents the finest of a year's production from Rio Tinto's Argyle diamond mine in Western Australia.The 201...Read More

Diamond exports ban lifted from Central African Republic

Jun. 7, 2016, 7:29 AM / Cecilia Jamasmie

Central Africa Republic will be allowed to resume diamond exports after a three-year ban that tried preventing armed groups from financing one of the bloodiest conflicts the region has seen in recent years by illegally selling local gems.The partial lifting of the export ban follows a deal between CAR's government and producers brokered by the United Arab Emirates last March. It will initially app...Read More

ALROSA launches children's rest and recreation campaign

Jun. 6, 2016, 10:57 AM / ALROSA

Mirny, June 6, 2016 - PJSC ALROSA, the world leader in diamond mining, will send over 2.5 thousand children of the Company's employees on vacation to Russia's health resorts during the summer holidays.The first charter flight Mirny-Gelendzhik has already brought the first group of children from Yakutia to the Black Sea coast of the Krasnodar territory. Two hundred children will spend 21 days in Ni...Read More

Commodities storming back into bull market

Jun. 6, 2016, 6:38 AM / Cecilia Jamasmie

After four years of depressed prices for most commodities, especially gold, iron ore, coal, copper and oil, the end of the bear market seems closer than ever as raw materials continue to outperform bonds, currencies and equities.Based on the Bloomberg Commodity Index, which tracks returns from 22 raw materials, everything from soybeans to diamonds have experienced an important recovery this year.O...Read More

Key expansions at iconic Canadian diamond mines hit by setbacks

Jun. 3, 2016, 10:45 AM / Cecilia Jamasmie

Expansion projects at two of Canada's oldest diamond mines, Ekati and Diavik, have suffered setbacks this week on the back of permits delays and disputes with landowners.One set of bad news came Wednesday, when Dominion Diamond (TSX, NYSE:DDC) - the owner of Ekati - said it was not planning to begin construction of the new Jay pipe until 2018, a year later than previously planned.The project, whic...Read More

Pure Grown Diamonds unveils the Pure Value Guarantee Program for all its customers

Jun. 1, 2016, 8:44 AM / Purcon

Pure Grown Diamonds, the leading distributor of Lab-Grown Diamonds, announced Wednesday the Pure Value Guarantee program, aimed at assuring our retailers that they can buy Pure Grown Diamonds with confidence, and offer the same value proposition that they would with a mined Diamond to all their customers. You can sell a Pure Grown Diamond and offer returns or trade-ups, and be assured that Pure Gr...Read More

'Aurora Green' diamond smashes records after fetching $16.8 million

Jun. 1, 2016, 7:00 AM / Cecilia Jamasmie

A 5.03-carat fancy vivid green diamond known as "Aurora Green" has set two world auction records for a stone of that colour Tuesday at Christie's Hong Kong Magnificent Jewels sale, fetching over $16.8 million.The rectangular-cut fancy rock had been valued at $16 million to $20 million and although it sold at the lower end of that range, it set a "world auction record for a green diamond and world...Read More

Someone stole this $5 million diamond-encrusted gold eagle statue

Jun. 1, 2016, 6:00 AM / Cecilia Jamasmie

Canadian Police are looking into the robbery of an 18-pound, solid-gold, diamond-encrusted eagle statue in British Columbia, worth about $5 million according to the statue's owner.The golden statue was supposed to be the centrepiece of a campaign launched in conjunction with a series of books and events to raise money for cancer research.The statue, called The Maltese Eagle, was supposed to be the...Read More

Petra Diamonds announces directorate and senior management changes

May. 31, 2016, 8:40 AM / Petra Diamonds Limited

Petra Diamonds Limited announces the following Board and Senior Management changes, effective 30 June 2016:Mr David Abery will step down as Petra's Finance Director in order to pursue other opportunities. Post his departure, Mr Abery will continue to be available to the Company on an advisory basis for a period of at least six months, as part of the succession process.In line with the Company's in...Read More

Sierra Leone grants preliminary OK to Stellar Diamonds Tongo mine

May. 31, 2016, 3:44 AM / Cecilia Jamasmie

Shares in West Africa-focused Stellar Diamonds (LON:STEL) soared more than 20% to 7.85p Tuesday after the company said the Sierra Leone Minerals Advisory Board had "verbally" approved a mining license for its 100% owned Tongo project.According to a preliminary economic assessment, Tongo has the capacity of producing almost one million carats of diamonds over 18 years.Stellar, which applied for lar...Read More

Russian state fund mulls buying into diamond miner Alrosa

May. 30, 2016, 12:20 AM / Reuters

The Russian Direct Investment Fund is considering taking a part in the privatization of the country's diamond miner Alrosa, TASS news agency cited the Fund's Chief Executive Officer, Kirill Dmitriev, as saying on Monday.The government plans to sell a stake in Alrosa later this year.Read more...Read More

Anglo American's De Beers gets a new CEO

May. 27, 2016, 5:25 AM / Cecilia Jamasmie

Anglo American's (LON:AAL) diamond giant De Beers has named strategy director Bruce Cleaver as its new chief executive, replacing Philippe Mellier, who held the position for five years.Cleaver, 51, takes on the new role at a rough time for De Beers, as diamond prices and sales declined sharply last year amid an economic slowdown in China.Cleaver, 51, takes on the new role at a rough time for De Be...Read More

Russia's Alrosa to hold US, UK investor meetings ahead of stake sale

May. 27, 2016, 12:30 AM / Reuters

Russian diamond miner Alrosa will hold investor meetings in the United States and the United Kingdom in June ahead of a stake sale, a Sberbank executive said on Friday.The Russian government aims to make more than 60 billion roubles ($909 million) from selling a 10.9 percent stake in Alrosa, with the sale taking place on the Moscow Exchange this year.The US and UK meetings were "to invite a wide r...Read More

Long-lost ship found in Namibian desert - with gold aboard

May. 24, 2016, 7:55 AM / Cecilia Jamasmie

The remains of a Portuguese ship that disappeared on its way to India laden with gold and other treasure about 500 years ago have been found in Namibia's desert coastline.Workers at Namdeb Diamond Corporation, a joint operation between DeBeers and the government of Namibia, were the ones to find the vessel in 2008, known as Bom Jesus ("Good Jesus"), Gainesville News reports.About 2,000 gold coins...Read More

Pit collapse at jade mine in Myanmar leaves at least 13 dead

May. 24, 2016, 4:29 AM / Cecilia Jamasmie

At least 13 people have been confirmed dead and two are missing after a wall pit collapsed at an illegal jade mine in Myanmar's Hpakant, in the Kachin state, the heart of the country's lucrative greenstone industry.The accident occurred Monday evening, following heavy rain that lasted all day, Reuters reports.It is the latest in a series of deadly accidents in recent months to hit Hpakant, where a...Read More

Rio Tinto showcases 187.7 carat rough diamond in New York and at Tel Aviv's International Diamond Week

May. 24, 2016, 12:32 AM / Rio Tinto

Diavik FoxfireRio Tinto has showcased one of the world's largest gem quality rough diamond to customers in the United States and Israel.The 187.7 carat rough diamond, known as the Diavik Foxfire, was discovered at the Diavik Diamond Mine in the remote Northwest Territories of Canada, 200km south of the Arctic Circle.Rio Tinto Diamonds & Minerals chief executive Alan Davies said "We are delighted...Read More

Alrosa vice president Andrey Polyakov assumes world diamond council's presidency

May. 23, 2016, 12:37 AM / ALROSA

Alrosa, the world's largest producer of rough diamonds, is proud to announce that the Company's Vice President Mr.Andrey Polyakov has assumed the elected position of the President of the World Diamond Council (WDC) starting from May 22, 2016.Andrey Polyakov served as Vice President of the WDC since 2015. Per the WDC bylaws, the Vice President of the Council becomes the head of the organization. An...Read More