Harry Winston says Diavik production up 19%

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...

Potential diamond mine buyers few, says Harry Winston boss

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...

Slow start, but Canada diamond ice road operators not panicking

Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month, but there is no reason to panic yet, the man...

Gem prices to remain static in 2012, says Harry Winston boss

Harry Winston, which reported a $4.7-million third-quarter loss on a write-down, expects to see diamond prices remain flat next year, as a build up of rough inventories works its way through the market. Chairperson and CEO Robert Gannicott on...

Diamond values jump at Lucara's Botswana mine

Lucara Diamond Corp on Tuesday said prices for the gems contained in the AK6 mine it is building in Botswana had risen 24% to $301/ct. The Vancouver-based company said the jump was a result of the strong growth in demand for the type and quality...

Kinross adjusted Q3 profit up 134%, revenue tops $1bn

Kinross Gold, which operates mines in North and South America, Africa and Russia, made an adjusted profit of $273-million for the quarter ended September, which was 134% higher than the same period in 2010, the company said on Wednesday. Revenue...

Noront recruits former Jansen project director

TSX V-listed Noront Resources has appointed BHP Billiton’s former Jansen potash project director Ted Basset to its board, along with China’s Baosteel Resources finance VP Lin Li, it said on Wednesday. The Ring of Fire-focused firm said Basset...

Canadian diamond exchange opens office in Shanghai

The Canadian Diamond Bourse has moved to strengthen ties with its Chinese counterpart and promote gems mined in the world’s third-biggest producer by opening a liaison office at the Shanghai Diamond Exchange. A delegation of Canadian diamond...

Stornoway weighs selling gem marketing rights to fund Renard

Stornoway Diamonds, aiming to build Quebec’s first diamond mine, hopes to raise some of the money for the Renard project through selling marketing rights, CEO Matt Manson said last week in an interview. The company is finalising the feasibility...

Mountain Province snubs potential diamond suitors – for now

Mountain Province Diamonds, which has a joint-venture with De Beers in Canada's Northwest Territories, has received interest from companies interested in buying the TSX-listed firm out, but has decided to go it alone for now, CEO Patrick Evans...

Diavik production up on higher grades

Diamond production at the Harry Winston- and Rio Tinto-owned Diavik mine rose 11% to 1.7-million carats for the second quarter, because of higher grades, the companies said on Thursday. The mine, located in Canada’s Northwest Territories,...

Renard diamond values leap by 56% since 2009

Stornoway Diamond Corporation has seen the value of the gems sampled from its Renard project in Quebec jump by 56% since they were last valued in September 2009, the company said on Monday. Belgium-based WWW International Diamond Consultants...