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Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes over the preceding five days, as of 10:00 GMT on August 27. Aug. 27 Aug. 20 Chng. $1 = Euro 0.8851 0.8942 -0.009 $1 = Rupee 65.875 65.5904...
Financial-Legal Aug 27, 2015 Rapaport News
Namibia Diamond Venture Pays $4.6M Dividend to State
(RAPAPORT) Namibia Diamond Trading Company (NDTC) paid the Windhoek government $4.6 million (N$60 million) in dividends, Agence de Presse Africaine reported yesterday. Namibia Diamond Trading Company (NDTC) was established in 2007, to sort, value...
Rough Markets Aug 19, 2015 Rapaport News
Chidliak Project
Peregrine Diamonds Begins Summer Development Program at Chidliak
Peregrine Diamonds Ltd.'s independent review by Mineral Services Canada Inc., highlighted an approximately 1 million tonne resource expansion opportunity for Chdliak's CH-6 kimberlite. Any resource expansion at CH-6, coupled with the scale of the maiden...
Mining Jul 21, 2015 Jeff Miller
ALROSA's 1H Rough Diamond Sales Drop 22%: Quick Take
ALROSA sold 18 million carats of rough diamonds for $2.1 billion in the first half of 2015, representing a significant decline from a year earlier. The mining company sold 21.1 million carats for $2.7 billion in the...
Mining Jul 21, 2015 Avi Krawitz
Diamcor Generates Sales of $455K in 1Q
Diamcor Mining Inc. held one rough diamond tender during its first fiscal-quarter that ended on June 30, resulting in the sale of 2,856.24 carats for $455,228, yielding an average price of $159.38 per carat. Approximately...
Mining Jul 20, 2015 Jeff Miller
Industry Leaders Seek to Improve Responsible Sourcing
In this video presentation, leading members of the diamond and jewelry industry discuss how to improve responsible sourcing. The roundtable discussion, hosted by Martin Rapaport, the chairman of the Rapaport Group, addresses practical ways to ensure...
Fair Trade Jul 16, 2015 Rapaport News
Rockwell Diamonds
Rockwell Diamonds' 1Q Revenue -39%, Loss Widens to $65M
Rockwell Diamonds' revenue fell 39 percent year on year to $9.2 million in the first quarter that ended on May 31. Rough diamond sales dropped 14 percent to $8.3 million and beneficiation revenue fell 83 percent to about $900,000....
Mining Jul 14, 2015 Jeff Miller
Brazil Minerals Secures Permission to Mine Diamonds at a New License
RST Recursos Minerais Ltda., a subsidiary of Brazil Minerals Inc., secured a permit from local authorities that is valid for four years to initiate diamond and gold mining. Brazil Minerals is now preparing the ground work...
Mining Jul 13, 2015 Jeff Miller
ATC Enterprises Enters Pre-IPO Strategy
Business advisory firm Global Equity International Inc. said that Dubai-based ATC Enterprises DMCC agreed on introducing a pre-IPO (initial public offering) capital strategy, with the ultimate intent of listing shares on a public stock exchange....
Financial-Legal Jul 10, 2015 Jeff Miller
Pangolin Diamonds
Pangolin Appoints Daniels as CEO
Pangolin Diamonds Corp. appointed Leon Daniels as its president and CEO, effective immediately, following the resignation of Rick Bonner. Pangolin also announced it intends to raise up to $500,000 through a non-brokered private placement. Daniels, who already...
Mining Jul 09, 2015 Jeff Miller
gahcho kue
Mountain Province Completes 62% of Gahcho Kué Mine
Mountain Province Diamonds Inc. completed 62 percent of the Gahcho Kué diamond mine project as of the end of May, a time frame that was on schedule and within budget, according to the company. The project's current focus...
Mining Jul 07, 2015 Jeff Miller
Lace mine
DiamondCorp Raises $8M From an Open Offer
DiamondCorp plc raised $8.2 million (GBP 5.27 million) through an open offer and a placement of shares that began on June 17. Certain company directors subscribed in the offer and details of their updated shareholdings will...
Financial-Legal Jul 06, 2015 Jeff Miller
Ellendale Mine
Kimberley Diamonds Suspends Ellendale Operations
Kimberley Diamonds Ltd. placed its subsidiary, Kimberley Diamond Company (KDC) Pty., which operates the Ellendale diamond mine, into voluntary administration and suspended the mine's operations. The company made a point to state...
Mining Jul 01, 2015 Jeff Miller
Namdeb CEO Leaves Post for Government Position
Inge Zaamwani-Kamwi, the CEO of Namdeb Holdings, will leave her post at the end of July, the company announced. Namdeb, the diamond-mining joint venture between De Beers and Namibia, added that it will announce Zaamwani-Kamwi's...
Mining Jul 01, 2015 Ronen Shnidman
Kimberley Diamonds Receives $4M Funding for Lerala Mine
Kimberley Diamonds Ltd. received $3.8 million (AUD 5 million) under the terms of a loan agreement for AUD 10 million with Zhejiang Huitong Auction Co. Ltd. of China to finance the Lerala diamond mine in Botswana. The...
Financial-Legal Jun 30, 2015 Jeff Miller
Paragon Diamonds Project
Paragon's Loss Widens, Revenue Target for 2015 is $36M
Paragon Diamonds Ltd. generated a $16 million (GBP 10.3 million) loss in the fiscal year that ended on December 31, up from a loss of just $2 million in 2013. The company recorded a $14.5 million noncash impairment charge...
Financial-Legal Jun 29, 2015 Jeff Miller
Alluvial Mining Rough
U.S. Human Rights Report Notes Child Labor in Many Diamond Regions
Forced child labor and abuse and violence against women were the most common human rights violations related to diamond mining in 2014, according to the U.S. State Department. John Kerry, the U.S. Secretary...
Mining Jun 26, 2015 Jeff Miller
Murowa Mine
Rio Tinto Exits Zimbabwe
Rio Tinto sold its 78 percent stake in Murowa Diamonds and its 50 percent share of Sengwa Colliery Ltd. for an undisclosed sum to RZ Murowa Holdings Ltd. of Zimbabwe. RioZim Ltd., which is an independent mining company in Zimbabwe, holds...
Mining Jun 26, 2015 Jeff Miller
Kennady Diamonds Reports Sample Grade From Kelvin Winter Drill Program
Kennady Diamonds Inc.'s recovery results from the Kelvin winter core-drilling program returned a sample grade of 2.74 carats per tonne of ore out of kimberlite from the Kelvin North Lobe. The samples were processed...
Mining Jun 22, 2015 Jeff Miller
Paragon Preps Share Buyback, Seeks Immediate Mothae Acquisition
Paragon Diamonds Limited raised $794,000 (GBP 500,000) in unsecured debt financing from an investment company to initiate a share buyback program and to support working capital needs as the junior mining company awaits approval to acquire the...
Financial-Legal Jun 19, 2015 Jeff Miller
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