Wall Street rises, Dec. 5–9
U.S. indexes finished strong, despite lower gold and oil prices. The Dow Jones Industrial Average gained 3% to close at 19,756.85. The S&P 500 Index also rose 3% to 2,259.53…
Diamonds
Enviro group CPAWS files lawsuit against De Beers at Victor
A not-for-profit group that has worked to protect public lands and resources in Ontario since 1968, including dissuading development in Algonquin Provincial Park, has filed a private lawsuit against De…
Stornoway CEO ‘happy’ with Renard’s first diamond sale
Stornoway Diamond’s (TSX: SWY) CEO Matt Manson says he’s “perfectly satisfied” with the results of the company’s first-ever diamond sale from its new Renard mine in northern Quebec, despite selling…
The millennial mindset and diamonds: Editorial
Born between 1981 and 2000, the millennial generation will reach their highest earning potential in another 10 years. That makes them an important age group in terms of current and…
Diamond Association targets millennials
The Diamond Producers’ Association (DPA) is aiming its first marketing campaign squarely at millennials. The campaign, launched in October, consists of two tag lines: “Real is Rare” and “Real is…
Bob Gannicott’s lasting legacy
Robert Gannicott, the man who built Canada’s largest diamond mining company, Dominion Diamond (TSX: DDC; NYSE: DDC) and a pioneer of Canada’s diamond scene for 25 years, has died. Gannicott…
Peregrine eyes first production by 2021
Peregrine Diamonds (TSX: PGD) hopes to have its Chidliak project producing diamonds by 2021, as outlined in a preliminary economic assessment (PEA) released in July. Chidliak sits 120 km northeast…
Kelvin kimberlite earns high grades
The results of a second bulk sample at Kennady Diamonds’ (TSXV: KDI) Kennady North diamond project in the Northwest Territories confirm the high grade potential of the Kelvin kimberlite. The…
Lucara’s cash position builds
Although it pulled its 1,109-carat Lesedi La Rona Type II gem from sale in June, after it fetched a high bid of US$61 million at a Sotheby’s auction, Lucara Diamond…
Q&A: Decoding the diamond market
With a dismal 2015 in the rear-view mirror, the first half of 2016 saw surprisingly strong demand for rough diamonds. However, with new production coming online from several mines in…
Renard & Gahcho Kué: Two new reasons to celebrate Canadian diamonds
It’s been nearly a decade since Canada, the world’s third-largest diamond producer, has added any significant new production. But this fall has seen two new mines come online within just…
Lucara sees a strong finish to 2016
Lucara Diamond’s (TSX: LUC) third-quarter earnings slumped partly due to the timing of its sales, but it expects to catch up in the fourth quarter. Lucara — the operator of…