‘Bubblegum’-coloured diamond could fetch more than $35M at auction
A rare pink diamond of “unparalleled colour and brightness” is expected to fetch over $35 million when it goes under Sotheby’s hammer in New York next June, potentially becoming one…
Diamond
Botswana Diamonds begins mining in South Africa
Botswana Diamonds (LSE: BOD) has begun mining at Marsfontein in South Africa, as a proof-of-concept trial project that it expects will help improve operations at its larger Thorny River project….
Strong market for emeralds, rubies, lifts Gemfields revenue to a record high
Shares in coloured gems miner Gemfields (LSE: GEM; JSE: GML) climbed more than 5% on Friday after it posted record revenue for 2022, exceeding the US$300-million mark for the first time….
Australian Burgundy buys Canada’s largest diamond operation, Arctic Canadian
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada’s largest gem workings, the Ekati mine, to become one of the world’s biggest diamond operations. The purchase…
Rio Tinto to spend U$40M on Diavik diamond mine expansion
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation’s…
From gun searches to kimberlites, AI makes inroads in Canadian mining
An artificial intelligence (AI) executive who co-founded a company searching for concealed weapons is now fronting another firm using similar technology to hunt for hidden mineral deposits. The company, Montreal-based…
Gemfields evacuates exploration camp in Mozambique after attack
Africa-focused Gemfields (LSE: GEM; JSE: GML) said on Tuesday it had suspended operations and was evacuating personnel from its Nairoto exploration camp in Mozambique following an attack on a nearby village….
Fancy colour diamond prices up 3.9% in 2022
Average prices for fancy coloured diamonds of any size climbed by 3.9% in 2022, led by yellows and pinks, the Fancy Color Research Foundation (FCRF), a non-profit that promotes transparency and…
‘Timing is right’ for NWT to harness critical minerals boom, says minister
Canada’s Northwest Territories is positioned to capitalize on the coming critical minerals supply crunch, says the territory’s Industry, Tourism and Investment minister Caroline Wawzonek. The territory, perhaps best known for…
Mountain Province reports Gahcho Kué production miss; ups guidance
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has increased the 2023 production outlook for its Gahcho Kué mine in Canada’s Northwest Territories despite reporting a slight miss on the mine’s…
TSX gains 2% in year’s first trading week
Markets got off to a good start in 2023 with the S&P/TSX Composite Index rising 429.59 points or 2.2% to finish the holiday shortened Jan. 3-6 trading week at 19,814.51….
Arctic Canadian boosts gem income as it tests novel submarine miner
Arctic Canadian Diamond, operator of the Ekati mine in the Northwest Territories, is on track to expand revenue by more than half as it aims to be the only miner…