Lucapa kicks off 2021 with 113-carat diamond find at Lulo
It’s the seventeenth rock over 100 carats found at the Angolan mine.
Diamonds
Over 3,000 diamonds recovered from Star-Orion South project in Saskatchewan
Star Diamond (TSX: DIAM) has recovered 3,534 diamonds weighing 210.68 carats from its ninth bulk sample trench excavated on the Star kimberlite at the Star-Orion South project in north-central Saskatchewan,…
Petra Diamonds posts 36% fall in revenue
Petra Diamonds (LSE: PDL) has reported a 36% fall in revenue and a net loss of £168.7 million (US$223 million) for the year ended June 30, as the pandemic deepened…
Alrosa pink diamond sets record price at auction
An extremely rare, purple-pink diamond mined and polished by Russia’s Alrosa (MCX: ALRS) has set a record price for a gem of that colour sold at an auction after fetching…
Mountain Province sees ‘positive momentum’ in battered diamond market
Since resuming regular diamond tenders in September, Mountain Province Diamonds (TSX: MPVD) has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49%…
Angola plans new diamond exchange in 2021
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is slated to open by the…
Rio Tinto closes Argyle diamond mine after 37 years
Pink diamonds, already rare, are about to get scarcer as Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has closed its iconic Argyle diamond mine, the world’s biggest and the…
Petra Diamonds shares fall on cancelled company sale
Shares in Petra Diamonds (LSE: PDL) nosedived after it said it had abandoned plans to sell the company or parts of its business, opting instead for a debt-for-equity restructuring. The…
Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a…
Diamonds Snapshot: Seven small diamond producers and explorers to watch
The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade slowly starting to reopen and…
Commentary: Inflation concerns support diamond prices
The U.S. dollar, as measured by an index tracking it versus six major currencies including the Euro, Yen and Canadian dollar, is down almost 10% from the highs in March…
Sale of Dominion’s Ekati mine hits ‘impasse’
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to a subsidiary owned by its…