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Rapaport Diamond Industry Stock Tracker
Mining companies led gains among diamond and jewelrycompanies listed on the financial markets this week. Anglo American (+14%) enjoyedthe sharpest increase after Barclays upgraded its rating on the stock andsubsidiary De Beers opened...
Financial-Legal Sep 22, 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
Rio
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
Rio Tinto Bunder India
Rio Tinto Abandons Indian Diamond Mining Project
Rio Tinto has terminated its Bunder diamond mining projectin India, the company confirmed to Rapaport News.The venture in the central Indian state of Madhya Pradeshwas tipped as the first significant diamond mine in India and...
Mining Aug 21, 2016 Rapaport News
Dominion Diamond Corporation
Dominion Signs Up M&A Expert
Dominion Diamond Corporation appointed former De Beersexecutive Tim Dabson as a director. The Canada-based miner also addedmergers and acquisition (M&A) specialist Trudy Curran to its board.Dabson spent 33 years at De Beers in several roles, mostrecently as executive director...
Mining Aug 18, 2016 Rapaport News
Former De  Beers CEO Gareth Penny
Ex-De Beers CEO Joins Pangolin Diamonds
Former De Beers chief executive officer Gareth Penny hasjoined diamond exploration company Pangolin Diamonds Corp. as non-executivechairman.Penny (pictured) left De Beersin 2010, after having steered the companyduring his final 5 years out of 22 he spent at the...
Mining Aug 18, 2016 Rapaport News
Letseng Mine
Gem Diamonds Slides to 1H Loss
Gem Diamonds swung to a loss in the first half due to an impairment charge related to downsizing operations at the Ghaghoo mine in Botswana. The miner reported a loss of $15.9 million in the six monthsthat ended June 30 versus a profit...
Mining Aug 17, 2016 Rapaport News
Ellendale Mine
Top Exec at Kimberley Diamonds Quits
Kimberley Diamonds’ executive director Rod Sainty resignedfrom the miner’s board, effective Tuesday.Sainty was one of three directors who were sued for $17million by liquidators at the Australian insolvency firm Jirsch Sutherlandover allegations, including...
Mining Aug 16, 2016 Rapaport News
Gahcho Kue
First Gahcho Kué Diamond Sale Slated for 4Q
Mountain Province Diamonds confirmed the first sale of roughfrom its Gahcho Kué mine is expected to be held in the fourth quarter.Initial sales will be of “pre-commercial” production, a termfor the mine’s output until it achieves 70 percent of capacity. Sales...
Mining Aug 15, 2016 Rapaport News
Anton Siluanov, chairman of ALROSA
Russia’s Finance Minister Reelected ALROSA Chair
Russia’s finance minister Anton Siluanov (pictured) was reelected chairmanof ALROSA at the mining company’s annual general meeting on August 5.Yegor Borisov, head of the Republic of Sakha, also knownas Yakutia, will continue as first vice...
Mining Aug 11, 2016 Rapaport News
Argyle Mine
Rio Tinto Diamond Sales Rise
RioTinto’s revenue from diamonds increased in the first half of 2016 but earningsslumped amid a weaker Asian market and mixed trends in rough prices.Rough salesclimbed 3.3 percent to $342 million, while net earnings slid 29 percent...
Mining Aug 03, 2016 Rapaport News
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