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R/€ = 16.05 Change: -0.02
R/$ = 14.39 Change: -0.01
Au 1274.32 $/oz Change: 1.22
Pt 797.74 $/oz Change: -11.66
 

Topic

Mine versus lab: how green is your diamond?

By: Reuters     2nd May 2019 Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The US Federal Trade Commission, which investigates... 

As Canada's Lucara Diamond seeks new mines, tech fuels growth

By: Reuters     2nd May 2019 Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic... 

Alrosa’s Vladivostok diamond auction brings in $9.65m

By: Simone Liedtke     29th April 2019 Diamond miner Alrosa on Monday said the revenue from the sale of special size diamonds at an auction in Vladivostok, exceeded $9.65-million. The auction took place from April 8 to 19, with 105 diamonds with a combined weight of 2 481.9 ct put on offer and 2 030.32 ct sold. 

Alrosa earns $8.91m in Dubai diamond auction

By: Creamer Media Reporter      26th April 2019 Diamond major Alrosa earned $8.91-million in revenue from the sale of special size diamonds – diamonds larger than 10.8 ct – at its second auction in Dubai, this year. Fifty-six companies from Belgium, India, Israel, the United Arab Emirates, the US, Hong Kong and Russia participated in the... 

Alrosa goes deeper at Aikhal underground mine

By: Creamer Media Reporter      23rd April 2019 Russian diamond major Alrosa has announced an investment of ten-billion ruble in a project that will extend the life of the Aikhal underground mine up to 2044, sustaining 500 jobs. The mining company has approved the stripping and mining of Aikhal pipe reserves at the levels of between 100 m and... 

Russian, Angolan diamond groups sign MoU

By: Rebecca Campbell     19th April 2019 Russia’s predominantly State-owned global diamond mining major Alrosa and Angola’s State-owned national diamond mining company Endiama signed a Memorandum of Understanding (MoU) early this month. This marks the latest stage in the development of the relationship between the two entities, which... 

Investor sentiment contradicting diamond market fundamentals

By: Nadine James     19th April 2019 Lukewarm investor sentiment for natural diamonds seems to contradict the stable demand and favourable supply forecasts for natural diamonds, US-based diamond analyst Paul Zimnisky notes in a statement released last week. He recalls that during the State-owned Russian diamond company Alrosa’s... 

Canada's diamond miners are on their knees because size matters

By: Bloomberg     4th April 2019 The story of how two prospectors, down to their last nickels, discovered diamonds in Canada’s frozen north is the stuff of legend. Back in 1982, Chuck Fipke and Stewart Blusson laid low in a pup tent by day while their competitor De Beers hauled 45-gallon drums of rock samples to a nearby... 

Jewellers must say whether diamonds are mined or synthetic – US FTC 

By: Reuters     3rd April 2019 The US Federal Trade Commission, which investigates allegations of deceptive advertising, said on Tuesday that it has sent warning letters to eight companies to insist that they distinguish in advertisements between diamonds that come from mines and those made in laboratories. The FTC said that... 

Alrosa raises $11.8m in New York diamond sale

By: Reuters     1st April 2019 Russian State-controlled miner Alrosa, the world's biggest producer of rough diamonds in carat terms, raised $11.8-million in its first New York diamond auction of the year, as it seeks to increase its activity in the US. Rebecca Foerster, president of Alrosa, North America, said sanctions... 

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