Diamonds
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De Beers sales rise 12% as diamond demand recovers
De Beers Group announced on Wednesday that sales of rough diamonds rose more than 12% in the latest sales cycle, as demand improves on the back of easing COVID-19 restrictions and ahead of the holiday season. Sales of US$450 million…
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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 growing momentum in sales. Several small producers also reported their…
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Dominion Diamond Mines sale of Ekati falls through
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 parent company, The Washington Companies, has fallen apart. Dominion Diamond…
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Canadian “flawless” diamond sets online record of US$15.7M at auction
A rare, flawless 102-carat white diamond found at the now closed Victor mine in Canada, has sold for US$15.7 million (HK$122 million), a record price in an online auction. The small egg-size diamond was cut from a larger 271-carat rough,…
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Mountain Province resumes diamonds sales in Antwerp
Mountain Province Diamonds held its first traditional diamond sale since the pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which…
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Restart of Renard diamond mine planned for September
Operations at the Renard diamond mine in Quebec will be restarted this month, after a six-month suspension, Osisko Gold Royalties has announced. The September restart follows a thorough review of operations and the approval of a plan to reduce costs…
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De Beers uses geofencing on world’s largest offshore diamond mining vessel
A new IoT solution that provides geofencing to maintain safe work distances for crew operating heavy equipment has been installed at De Beers’ marine diamond mining operations. The system relies on Bluetooth low energy locators and wearable sensors as precision…
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DIAMONDS: Mountain Province looks to biggest shareholder for revenue, refinancing
TORONTO – Mountain Province Diamonds‘ biggest shareholder is once again providing a lifeline to the diamond miner, which has been starved of revenue since the coronavirus pandemic began in March. After closing a $50-million alternative diamond sale deal in June…
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DIAMONDS: Star reports first results from Rio Tinto bulk sample
SASKATOON – Star Diamond has begun to receive results from Rio Tinto‘s bulk-sampling program at the Star-Orion South project in central Saskatchewan. Rio has so far processed material from four of the 10 trenches excavated last year from the Star…
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DIAMONDS: Lucara sales deal to keep cash flow from large stones coming for 2020
VANCOUVER – Lucara Diamond has found an avenue to sell its large diamond production from its Karowe mine in Botswana, through an agreement with HB Group, an Antwerp-based diamond manufacturer. The deal will ensure the company will see cash flow…
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DIAMONDS: Alrosa’s June sales drop 76%
RUSSIA – Diamond producer Alrosa on Friday said its sales of rough and polished diamonds sales stood at US$31.3 million in June, down from US$222 million for the same period last year. Sales in May totalled US$40.1 million. Six months…
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Top 10 Canadian-headquartered diamond companies
The Northern Miner presents the top 10 Canadian-headquartered diamond companies ranked by market capitalization as of mid-June. Lucara Diamond’s (TSX: LUC) key asset is the wholly owned Karowe mine in Botswana, which has been in production since 2012 and generated 433,060…
