Diamonds Snapshot: Six juniors staying in the game
For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one – even before the coronavirus pandemic….
Diamonds
Lucara’s digital sales platform poised for growth during Covid-19
Since its first sale through its Clara sales platform in late 2018, Lucara Diamond (TSX: LUC) has sold US$12.1 million worth of diamonds using the digital technology. The sales platform…
India-based diamond processing hub re-opens at lower volumes
After being closed for almost two months due to the coronavirus pandemic, the diamond manufacturing hub of Surat, India, where most of the world’s rough diamonds are cut and polished,…
Star Diamond and Rio Tinto clash over project ownership
In spite of a legal dispute between partners Star Diamond (TSX: DIAM) and Rio Tinto (NYSE: RIO; LSE: RIO) at the Star-Orion South diamond project in north-central Saskatchewan, the project…
EHR Resources launches diamond ‘incubator’
With a new strategy focused on diamonds that officially launched in March, just as the coronavirus pandemic began to spread across the globe, you might think that EHR Resources (ASX:…
Mountain Province arranges $50M alternative diamond sale
With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has found a way to bring in much-needed revenue with…
Dominion Diamond unveils plan to avoid bankruptcy
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually…
Lucapa finds 171-carat diamond in Angola
Australia’s Lucapa Diamond (ASX: LOM) has recovered a 171 carat gem-quality stone from its prolific Lulo mine in Angola, which was restarted in early May. The miner said the white…
Alrosa’s anemic April sales underscore market distress
Russia’s Alrosa, the world’s top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand….
The Northern Miner Podcast – episode 184: Diamond troubles as the mining industry adjusts to COVID-19, ft Alisha Hiyate
This week’s episode features Canadian Mining Journal editor-in-chief Alisha Hiyate, who discusses her experience at the Prospectors and Developers Association of Canada (PDAC) conference, as well as how the mining…
Coronavirus curbs Mountain Province revenue
Unlike many other mines in Canada and around the world that have been put on care and maintenance because of the global COVID-19 pandemic, the Gahcho Kué mine in the…
Alrosa steps up efforts to brighten up fluorescent diamond sales
Alrosa, the world’s top diamond miner by volume, is betting on a new strategy to boost its sales amid an industry-wide slowdown that has hit small companies the hardest. The…