Canadian Mining Journal


Diamonds


  • News

    Diamond market shows signs of revival

    October 19, 2020 by Alisha Hiyate

    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

  • Dominion Diamond Mines sale of Ekati falls through

    October 13, 2020 by Northern Miner staff

    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

  • News

    Canadian “flawless” diamond sets online record of US$15.7M at auction

    October 6, 2020 by Cecilia Jamasmie

    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,

  • Mountain Province resumes diamonds sales in Antwerp

    September 21, 2020 by Canadian Mining Journal

    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

  • Restart of Renard diamond mine planned for September

    September 14, 2020 by Canadian Mining Journal

    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

  • De Beers uses geofencing on world’s largest offshore diamond mining vessel

    September 3, 2020 by MINING.COM Staff

    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

  • DIAMONDS: Mountain Province looks to biggest shareholder for revenue, refinancing

    August 19, 2020 by Canadian Mining Journal

    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

  • DIAMONDS: Star reports first results from Rio Tinto bulk sample

    August 4, 2020 by Canadian Mining Journal

    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

  • DIAMONDS: Lucara sales deal to keep cash flow from large stones coming for 2020

    July 16, 2020 by Canadian Mining Journal

    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

  • News

    DIAMONDS: Alrosa’s June sales drop 76%

    July 15, 2020 by MINING.COM Staff

    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

  • News

    Top 10 Canadian-headquartered diamond companies

    June 29, 2020 by Northern Miner Staff

    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

  • News

    Diamonds Snapshot: Six juniors staying in the game

    June 16, 2020 by Alisha Hiyate

    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. But with long-term fundamentals that point to a bright future