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Pt 953.50 $/oz Change: 5.50
 

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Second Oppenheimer gem

By: Jade Davenport     1st July 2016 For well over a century the Oppenheimer name has almost exclusively been associated with that most luxurious of coveted items – diamonds. It is, therefore, not surprising that there is more than one famous diamond that has been named in honour of the family. While considerable attention has... 

A year after buying Ekati, Dominion Diamond’s sales soar

By: Henry Lazenby     12th June 2014 Canadian precious gem miner Dominion Diamond Corp on Thursday reported a 61% year-on-year rise in revenue during its fiscal 2015 first quarter that ended April 30, boosted by improved output from the Ekati mine. TSX- and NYSE-listed Dominion reported revenue of $175.5-million compared with... 

Company Annoucements:The coming supply squeeze – and possible price hike – in diamonds

By: Creamer Media Reporter      15th October 2013 Olya Linde and Yury Spektorov are partners of Bain & Company based, respectively, in Kiev and Moscow. Couples thinking about getting married someday might want to consider way-in-advance planning for the ring. Diamond prices will not be getting any cheaper and might even soar in about four years.... 

Exciting diamond find in Liberia – John Bristow  

By: Martin Creamer     20th August 2013 An exciting diamond find has been made in Liberia, Incubex Minerals chief operating officer Dr John Bristow said on Tuesday. Bristow, speaking to Mining Weekly Online in the attached video interview, said the discovery of what appears to be a kimberlite pipe had been made by South African-born... 

Rio Tinto cuts 78 jobs at WA diamond mine

By: Esmarie Swanepoel     22nd July 2013 Mining giant Rio Tinto has confirmed that it would cut some 78 contractors from the workforce at its Argyle diamond mine to lower its costs. A spokesperson told Mining Weekly Online that the contractors were part of a temporary construction workforce providing administrative, advisory and mining... 

Rio Tinto opts to keep diamond businesses

By: Esmarie Swanepoel     24th June 2013 Diversified giant Rio Tinto has decided to hold fast to its diamonds business, with the miner saying on Monday that a strategic review had concluded that this was the best option. Rio diamonds and minerals CEO Alan Davies said that it had considered a number of alternative strategic options for... 

Dominion Diamond Corp records bumper Q1 net profit

By: Henry Lazenby     6th June 2013 Precious gems producer Dominion Diamond Corp has reported a bumper net profit for the first fiscal quarter of 2014, buoyed by the sale of its luxury brand segment. For the quarter ended April 30, Dominion recorded a consolidated net profit attributable to shareholders of $500.2-million or $5.89... 

Harry Winston gets approval to sell luxury brand segment

By: Henry Lazenby     21st March 2013 Canadian diamond miner and luxury goods producer Harry Winston Diamond has received all necessary approvals to sell its luxury brand segment to Swiss watchmaker The Swatch Group. The $750-million deal that would allow Harry Winston to focus on its mining activities, was now expected to close on... 

Project development company set for growth in Botswana in 2013

By: Gia Costella     1st March 2013 UK-listed Irish based diamond, exploration and project development company, Botswana Diamonds is expanding its growth in Botswana, with one project in progress and two new potential projects for the future.   

Harry Winston sells luxury brand segment to watchmaker Swatch

By: Henry Lazenby     14th January 2013 Diamond miner and jeweller Harry Winston Diamond on Monday announced it had agreed to sell its luxury goods segment to Swiss watchmaker The Swatch Group in a $750-million deal which would allow Harry Winston to focus on its mining activities. Under terms of the deal Swatch would also assume... 

Mozambique’s coal contribution, Australia’s cost disadvantage, Petra funds diamond expansions

By: Martin Creamer     23rd November 2012 Coal has become Mozambique’s number two export earner; project costs in Australia have risen faster than elsewhere; and diamond miner Petra has secured new debt facilities to make the funding of its expansions more "comfortable". 

Harry Winston places Diavik mine’s value at C$2.6bn

By: Henry Lazenby     20th August 2012 Luxury goods manufacturer and diamond miner Harry Winston had placed a net present value of about C$2.6-million on its 40%-owned Diavik diamond mine when it on Monday released an updated life-of-mine plan. The company said it expected to move ahead with the development of the A-21 diamond pipe,... 

Harry Winston Q1 profit soars to $11.6m

By: Henry Lazenby     7th June 2012 Diamond miner and luxury goods producer Harry Winston on Wednesday reported a 200% increase in first-quarter profit to $11.6-million on the back of increased rough sales and renewed interest in luxury goods. The Toronto-listed company said rough diamond sales increased by 43% to $89-million for... 

Gold producers, Indian cutters might fund Canada’s newest diamond mines

By: Matthew Hill     30th May 2012 With positive feasibility studies in hand, companies aim to start building at least three new diamond mines in Canada by the third-quarter of next year, at a combined cost of around $3.4-billion. First the hopefuls, including Mountain Province, Shore Gold and Stornoway, need to raise the finance... 

Harry Winston says Diavik production up 19%

By: Henry Lazenby     17th April 2012 TSX-listed miner Harry Winston Diamond on Tuesday said diamond production increased by 19% at the Diavik mine in Canada’s Northwest Territories. The mine, which Harry Winston owns with Rio Tinto, produced 1.6-million carats from 500 000 t of ore in the first quarter. 

Potential diamond mine buyers few, says Harry Winston boss 

By: Matthew Hill     5th April 2012 There is a “narrowed field” of potential suitors for diamonds mines, owing to the complexities of the market, Canada’s Harry Winston chairperson and CEO Robert Gannicott said on Thursday. “It’s not easily undertaken by someone who is just a financial investor... I think a role is required, at... 

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