Experience the New RapNet Website today

Rapaport News


Search Results


Advanced search
Latest Articles
Rough Markets
Polished Markets
Argyle Mine Processing Center
Rio Tinto Cuts Diamond Production Outlook
Rio Tinto lowered the top end of its diamond outputguidance for this year even as production increased in the third quarter.The miner expects to produce between 18million and 20 million carats, compared with an earlier forecast...
Mining Oct 20, 2016 Rapaport News
Diavik Mine
Diavik Output Rises 22% as Volume, Grades Climb
Diamond production from the Diavik mine in Canadajumped 22 percent in the third quarter as processing volumes and recoveredgrades both increased, Dominion Diamond Corporation reported.Output rose to 1.54 million carats in thethree months that ended September...
Mining Oct 20, 2016 Rapaport News
Stornoway Launches Renard Mine in Quebec
Stornoway Diamond Corporation said the Renard Diamond Minein Canada officially opened at a ceremony held Wednesday after two decades ofdevelopment.The launch “marks the culmination of approximately 20 yearsof work to bring the Renard project from...
Mining Oct 20, 2016 Rapaport News
ALROSA International Underground Mine
ALROSA’s Rough Diamond Sales Jump 73%
ALROSA’s sales grew by more than half in terms of value andvolume in the third quarter, the Russian miner said in a preliminary tradingupdate.Rough diamond revenue climbed to "at least" $976 million inthe three months that ended...
Mining Oct 20, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
LVMH (+4.8%) gained this past week on strong sales results,with other Europe-based luxury stocks such as Swatch Group (+7.5%) andRichemont (+7.3%) also strengthening. Gemfields (-7.1%) was the weakestperformer of the listed miners, many...
Financial-Legal Oct 13, 2016 Rapaport News
ALROSA’s Monthly Rough Sales Rise to $435M
ALROSA’s rough diamond sales increased to $435 million inSeptember amid stronger demand and mirroring results from rival miner De Beers.Polished sales stood at $18.9 million, taking group sales to$454 million, the Russia-based company...
Mining Oct 06, 2016 Rapaport News
Diamcor Rough Sales Fetch $141/ct.
Diamcor Mining sold $1.2 million of rough diamonds in thesecond fiscal quarter ending September 30, at an average price of $141 percarat.The miner tendered and sold 8,274 carats, a surge of 171percent from a year ago. The revenue...
Mining Sep 27, 2016 Rapaport News
Trans Hex Operation
Trans Hex Spurns South Africa's Richest Man
The board of Trans Hex Group advised shareholders to declinea takeover bid from South Africa’s richest man, after a panel of independentmembers found the offer underprices the miner.Snowden Mining Industry Consultants Proprietary Ltd, whichwas...
Mining Sep 27, 2016 Rapaport News
Lucapa 172ct
Lulo Mine Yields Another Massive Diamond
Lucapa Diamond Company recovered a 172.67-carat diamond fromits Lulo mine in Angola, following a string of large discoveries at thedeposit.The “exceptional” D-color, type-IIa diamond was the latest“special” stone of more than 10.8 carats to come from the...
Mining Sep 26, 2016 Rapaport News
ALROSA's Udachniy mine
ALROSA Sales Soar in Seasonally Slower August
ALROSA sold $243 million worth of rough diamonds amid stable market conditions in a seasonally weak August, the Russian miner said as it reported for the first time its monthly sales data.The sale represents a 58 percent...
Rough Markets Sep 22, 2016 Rapaport News
Lucapa Lulo 104ct. rough diamond
Lucapa Finds 104ct. Diamond at Lulo Mine
Lucapa Diamond Company recovered a 104-carat, D-colordiamond at its Lulo mine in Angola.The type-IIa stone is the fourth rough diamond above 100carats extracted from the deposit this year and the fifth since operationsbegan. The...
Mining Sep 21, 2016 Rapaport News
Kimberley Mine Petra Ekapa
Petra Profit Rises on Lower Costs
Petra Diamonds’ profit jumped in the past fiscal year asimproved efficiencies and cost controls offset weaker rough diamond prices.Group net profit after tax increased 12 percent to $66.8million in the year that ended June...
Mining Sep 19, 2016 Rapaport News
Lace mine
DiamondCorp Cuts Loss at Lace Mine
DiamondCorp’s pre-tax loss narrowed in the first half,but the company cautioned sales may lag in the coming months because ofoperational issues at its Lace mine in South Africa. The loss decreased to $328,000 (GBP 247,221)...
Mining Sep 13, 2016 Rapaport News
Merlin Diamond Mine
Merlin Diamond Mine to Resume Operations
Merlin Diamonds said it will restart production at its mine in Australia’s Northern Territory in October after the provincial government approved the company’s mining plan. The Merlin mine has an indicated and inferred resource of 4.3...
Mining Sep 13, 2016 Rapaport News
Lucapa 38.6 carat pink diamond
Lulo Mine Yields its Largest Colored Diamond
Lucapa Diamond Company recovered a 38.6-carat pink diamondfrom its Lulo mine, the largest fancy-color diamond found to date atthe alluvial deposit in Angola.The stone outweighs a 28.5-carat light pink diamond discoveredat the mine. The...
Mining Sep 11, 2016 Rapaport News
Jwaneng Operations
Botswana’s Diamond Exports Recover in July
Botswana’s rough diamond exports bounced back up in Julyafter sinking to zero a year ago, according to data from the nation’s centralbank.The country recorded $438.9 million in outbound shipmentsduring the month from its major diamond mines,...
Mining Aug 31, 2016 Rapaport News
India Seeks Investor for Bunder Project
India will auction the Bunder diamond-mining project or allocate it to a state firm after Rio Tinto pulled out of the venture earlier this month, Reuters reported."Bunder is one of the best deposits in India and we would like...
Mining Aug 30, 2016 Rapaport News
Grib Mine
Lukoil’s Diamond Revenue More Than Doubles
Lukoil’sdiamond sales from its Grib mine jumped 120 percent in the first half, Russia’slargest oil producer reported.Revenue grew to $169 million (RUB 11 billion) from $76.8million a year ago, the miner said. Sales in the...
Mining Aug 30, 2016 Rapaport News
William Lamb
Lucara Invests to Improve Small Diamond Recovery
Lucara Diamond Corp. will increase the use of X-raytechnology (XRT) to target smaller size diamonds, after usingthe equipment to successfully recover exceptional stones such as the 1,109-carat Lesedi LaRona.The company will introduce four new...
Mining Aug 24, 2016 Rapaport News
Stellar Tongo mine Sierra Leone
Stellar, Octea to Merge Sierra Leone Diamond Mines
Stellar Diamonds and Octea Mining agreed to combine theirSierra Leone projects to create the second largest diamond-mining operation inWest Africa.Under the proposed deal, Stellar plans to amalgamate itsTongo kimberlite project with Octea’s adjacent...
Mining Aug 22, 2016 Rapaport News
Previous 1 Next
Show articles per page

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
All Content © Copyright 1982-2016 by Martin Rapaport. All rights reserved.  
twitter twitter
About Rapaport
Advertise with us