The positive sentiment the diamond market experienced during the past few months was a welcome change from the gloomy tone that characterized 2020. Buoyed by holiday sales that proved better than expected, the trade gained the confidence to buy again, even with activity limited mostly to online platforms. For the first time in many years, … Read more
Star Diamond Corp announced that a total A total of 2,409 diamonds weighing 123.27 carats have to date been recovered from the second bulk sample trench (19FALCT004) excavated on its Star kimberlite at the Fort à la Corne kimberlite field in central Saskatchewan. These initial results are from the second of 10 bulk sample trenches … Read more
The question of how to tackle the hardships facing informal diamond miners is as pressing today as it was when it first arose nearly 20 years ago. It was first touted as an issue that perhaps the Kimberley Process (KP) could incorporate into its mission. But the KP was not equipped — or mandated — … Read more
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 restart its idled Ekati mine in Canada’s Northwest Territories. The company, which owns and operates the iconic Ekati diamond mine and also has a 40% interest in … Read more
The Perth Mint has released Jewelled Tiger coins featuring rare pink diamonds from Rio Tinto’s Argyle mine in Western Australia. Its most significant release for 2020 incorporates nearly three carats of fancy vivid intense pink diamonds from the Argyle mine, making up a finely structured three-dimensional 18 carat rose gold tiger pavé. Two emeralds from … Read more
DIAMONDS WERE RECOVERED FROM RESIDUAL UNPROCESSED STOCKPILES AND BEARING GRAVELS SURROUNDING THE COMPANY’S MARSFONTEIN MINE IN LIMPOPO
While the world’s biggest diamond miner surprised the market by cutting prices this week, a slew of filings from its smaller rivals show the move was inevitable. While De Beers is a price maker in the supply of rough diamonds, dictating what its customers pay, most other miners are price takers. Gem Diamonds and Lucara … Read more
