Mining Companies in Canada, Gold Mining Stocks & Junior Miners

Recent News

Grib Mine Produces Three Massive Diamonds

August 06, 2019 / www.diamonds.net

RAPAPORT... AGD Diamonds has unearthed three rough stones over 100 carats from its Grib mine in Russia, including one it claims is Europe's largest.The company found the 222.09-carat stone on May 4, and named it Vladimir Grib in honor of AGD's formerchief geologist. The second stone, found on May 3, weighs 127.34 carats. Theminer has called it Elisey Verichev, paying tribute to the AGD veter...Read More

Lucapa Recovers 64ct. Rough at Mothae

August 06, 2019 / www.diamonds.net

RAPAPORT... Development work at the Mothae mine in Lesotho has paid off for Lucapa Diamond Company, with the discovery of a 64-carat rough, the highest-quality diamond found at thedeposit to date. The miner recovered the D-color, type IIa stone at Mothae's higher-margin southern pit, it said Tuesday. Lucapa began production in that area in the past month, following the construction of a...Read More

Diamond Trading Quiet Amid Tight Profits

August 06, 2019 / www.diamonds.net

RAPAPORT PRESS RELEASE, August 6, 2019, Las Vegas ... Diamond-market sentiment was weak in July due to tight profits and liquidity. The pressures facing cutters and dealers resulted from high rough supply at inflated prices during 2017 and 2018, even as polished prices were softening.The RapNet Diamond Index (RAPI?,,?) for 1-carat polished fell 0.9% during the month. The index was down 4% since th...Read More

US jewelry sales drop further in July

August 06, 2019 / www.idexonline.com

In May 2019, like during the four previous months of this calendar year, jewelry sales continued to suffer. Watch sales, on the other hand, have been improving though the first five months of the year, albeit in low, single digit increments. In May, the fall in sales of jewelry registered at 8.7 percent, compared to May 2018, the sharpest fall for the year. As the various graphs show, in May 2018...Read More

IDE launches second 'Fly to Buy' campaign

August 06, 2019 / www.idexonline.com

Based on the success of last year's 'Fly to Buy' campaign, the Israel Diamond Exchange (IDE) today announced that the second 'Fly to Buy' event will be held from September through December 2019. The promotion is being held in collaboration with the Israel Ministry of Economy. 'Fly to Buy' offers overseas diamond buyers up to $1,000 to cover the price of their fli...Read More

China devaluates the yuan with two percent, to seven yuan against the dollar,

August 06, 2019 / www.idexonline.com

CNN Business reported that the Chinese yuan had dropped sharply on Monday to its weakest level against the US dollar in more than a decade, raising fears of further dangerous escalation in the US-China trade war. The yuan fell after the People's Bank of China set its daily reference rate for the currency at 6.92, the weakest rate since December. China's central bank sets a "band" every...Read More

Euromonitor: Walmart is India's leading retailer number 1

August 06, 2019 / www.idexonline.com

Walmart's $16 billion acquisition of Flipkart last year sent the retailer to first place on the list of biggest retail and e-commerce companies in India, according to Euromonitor. E-commerce giant Amazon ranked second, and Future Group and Reliance Group placed in the top five, India's Economic Times reported. The newspaper reported that Walmart is followed by its US rival Amazon in the...Read More

Sierra Leone community's suit against diamond miner shows activist trend

August 06, 2019 / www.miningweekly.com

FREETOWN – At the foot of a slag heap some 40 metres high, Adi Kalie Bangura showed the black welts that dot his arms and legs that he says are the result of drinking and bathing in water contaminated by Sierra Leone’s largest diamond mine.The water “makes us get headaches and feel sick in our stomachs,” said Bangura, a traditional healer and community elder in Koidu, the l...Read More

Lucapa finds top-color 64-carat rough.

August 06, 2019 / www.idexonline.com

Junior miner Lucapa recovered an exceptional, D-color type IIA gem, weighing 64 carats at its Mothae mine in Lesotho. Lucapa managing director Stephen Wetherall said the gem is the best individual diamond recovered to the date from the Mothae mine in Lesotho, "further underlining its status as a source of large and premium-value stones. "The recovery of this exceptional 64-carat gem also represen...Read More

Lucapa discovers 64ct diamond in Lesotho

August 06, 2019 / www.miningweekly.com

KALGOORLIE (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 64 ct diamond from its Mothae kimberlite mine, in Lesotho.The Type IIa D-colour gem is considered to be the best individual diamond recovered to date from the Mothae mine, Lucapa MD Stephen Wetherall said on Tuesday.Advertisement“The recovery of this exceptional 64 ct gem also represents a great start...Read More