De Beers sales show steady rebound in diamond market
De Beers, the world’s largest diamond producer by value, said today that it had sold about US$515 million worth of rough diamonds during its latest event, making it the biggest sale…
Alrosa
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…
Diamond sales bounce, but still in ‘intensive care’
De Beers, the world’s largest diamond producer by value, revealed today that it made about three times as many sales of roughs in the seventh sales cycle of the year…
Alrosa digs up Russia’s largest coloured diamond
Alrosa, the world’s top diamond miner by output, has found a 236-carat rough diamond of deep amber colour at one of its mines in Russia’s northeastern region of Yakutia. The…
Alrosa halts operations after Covid-19 outbreak
Alrosa, the world’s top diamond producer by output, has idled its International underground mine for up to two weeks, after several employees tested positive for Covid-19. The Russian miner said…
Dominion Diamond sues partner in Diavik mine
Dominion Diamond Mines is suing DDMI, its associate in the iconic Diavik mine and a subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO), for alleged breach of contract and acting…
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,…
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…
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….
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…
Diamonds Symposium explores industry challenges and solutions
The second annual Diamonds in Canada Symposium, organized by The Northern Miner, took place in Toronto in June. This year’s featured speakers included Chris Jennings, chairman of North Arrow Minerals,…