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Rapaport Diamond Industry Stock Tracker
While most of the major indices rose, diamond and jewelrycompanies had a mixed week on the stock markets. Gains were led by FirestoneDiamonds (+19.3%) and Stornoway Diamonds (+17.5%), as both are nearing firstproduction at their respective...
Financial-Legal Jul 21, 2016 Rapaport News
Firestone Diamonds Plans First Sale in January
Firestone Diamonds said it expects to host its first sale of rough in January as construction at the Liqhobong mine in Lesotho continues ahead of schedule. Development of the mine was 85 percent complete at the end of June, ahead of a revised target...
Mining Jul 20, 2016 Rapaport News
Stornoway Raises $63M Ahead of Renard Production
Stornoway Diamond Corporation raised $63.3 million (CAD 82.7 million) after shareholders exercised their rights to purchase warrants as the company readies to launch production at its Renard Project. The funds will be used to complete construction...
Mining Jul 13, 2016 Rapaport News
Alrosa Zarnitsa diamond
ALROSA Names Diamond 'Children of Asia'
ALROSA christened a 207.29-carat diamond after the Childrenof Asia International Sports Games that are held once every four years inthe Republic of Yakutia.The gem-quality rough measures 38 х 37 х 18 millimeters and is the largest tobe discovered...
Mining Jul 11, 2016 Rapaport News
Kimberley Mine Petra Ekapa
Petra, Ekapa Combine Kimberley Operations
Petra Diamonds and Ekapa Mining agreed to merge theiroperations in South Africa's Kimberley region in a bid to extend mining in thehistoric diamond-mining area.As part of the deal Petra’s Kimberley Underground mines,Ekapa’s tailings operations, the Kimberley Miners...
Mining Jul 10, 2016 Rapaport News
Ekati Mine
Dominion Gets Go-Ahead for Ekati Extension
Dominion Diamond Corporation received approval from its board to proceed with the Jay projectin Canada.The project is “the most significant undeveloped kimberlitepipe deposit” at the Ekati mine in the Northwest Territories and will extend...
Mining Jul 07, 2016 Rapaport News
Ekati Mine
Dominion Cuts Output Forecast for Ekati Mine
Dominion Diamond Corporation lowered its production guidanceat the Ekati mine in Canada by 16 percent in the current fiscal year after it announceda three-month shutdown following a fire.Output is now forecast to be 4.7 million carats in the 12months ending...
Mining Jul 06, 2016 Rapaport News
De Beers Rough
Russia Gains as Global Diamond Output Falls
Global rough diamond production fell in 2015 recording its firstannual decline in three years as prices slumped. Total production by value fell 4.2 percent to $13.88 billionlast year, data published by the Kimberley Process revealed. Output...
Rough Markets Jul 04, 2016 Rapaport News
Ekati Mine
Dominion Halts Ekati Processing for Three Months
Dominion Diamond Corporation is shutting downits processing plant at the Ekati mine in Canada for three months following afire that broke out June 23.The blaze causeddamage that was limited to a small area and did...
Mining Jul 03, 2016 Rapaport News
Alrosa rough
Brexit Could Delay ALROSA Privatization
The fallout from the U.K.’s decision to leave the EuropeanUnion (EU) may affect the timing of Russia’s privatization of ALROSA, accordingto Sberbank CIB, the bank organizing the sale of shares.The sale of a 10.9-percent stake in the...
Mining Jun 29, 2016 Rapaport News
Western Athabasca Basin, Saskatchewan - Athabasca
De Beers Moves Ahead with Canada Exploration
De Beers will test specimens of kimberlite indicatormaterial from a project in an underdeveloped part of Canada after completingsampling at the site in the Northwestern Athabasca basin.The miner investedup to $15.6 million (CAD 20.4 million) in the joint venture withToronto-listed...
Mining Jun 28, 2016 Rapaport News
De Beers sight boxes
De Beers June Sales Valued at $560M
De Beers reported sales fell to $560 million in its fifthcycle of 2016 which the miner regards as a typically slower period of the year.The sales figure compared with a revised $636 million in theprevious cycle and represents a decline...
Mining Jun 28, 2016 Rapaport News
Diamcor production
Diamcor Sales Surge Despite Weak Rough Prices
Diamcor Mining reported the average price of its sales inthe first fiscal quarter declined to $142.40 per carat even as revenue soared.The company sold 13,385 carats for $1.9 million in the threemonths that will...
Mining Jun 28, 2016 Rapaport News
Lucapa Lulo large diamond
Lucapa Seeks Source of Huge Lulo Diamonds
Lucapa Diamond Company has started a drilling program toidentify the kimberlite source of a series of exceptionally large diamonds it has recovered atthe Lulo mine in Angola.The project will test “high-priority” kimberlite targets at themine, which has...
Mining Jun 27, 2016 Rapaport News
Jean-Sébastien Jacques Rio Tinto
Rio Tinto Merges Diamond and Copper Units
Rio Tinto will combine its diamonds and copperdivisions to form one product group in search for greater efficiencies within anew organization structure.The move to better align the group’s assets with its business strategy...
Mining Jun 22, 2016 Rapaport News
Ahmed Bin Sulayem with CAR president Faustin-Archa
KP Chair Makes Symbolic Visit to CAR
Ahmed Bin Sulayem has become the first sitting KimberleyProcess chairman to visit the Central African Republic (CAR), embarking on the tripafter the country recently resumed diamond exports.“My visit here this week is to see...
Mining Jun 21, 2016 Rapaport News
Graff Vendôme
Graff Reveals 105ct. Flawless Diamond in Paris
Graff Diamonds unveiled a pear, 105.07-carat, D, flawlessdiamond which was cut and polished by the jeweler’s own gemologists from arough stone discovered in Lesotho last year.The rough was recovered in May 2015 at Gem Diamonds’ Letšengmine,...
Retail Jun 21, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Rockwell Bounces Back as 1Q Sales Spike
Rockwell Diamonds reported rough sales surged 40 percent inthe first fiscal quarter following a restructuring to reverse a slump in theminer’s performance.Revenue jumped to $9.3 million in the three months thatended May 31, while sales by volume jumped...
Mining Jun 16, 2016 Rapaport News
ALROSA Starts Work on New Zarya Mine
ALROSA has started developing the Zarya pipe, a new depositin its Aikhal Mining and Processing Division, forking out an estimated initialinvestment of $149 million (RUB 9.8 billion).The mine is expected to reach a targeted capacity of 1million...
Mining Jun 13, 2016 Rapaport News
Ekati Mine
Dominion Swings to 1Q Loss
Dominion Diamond Corporation announced a quarterly loss as alower-value product mix from its Ekati mine in Canada depressed the averageprice of rough sold by 62 percent.The miner reported a loss of $1 million in the first fiscal quarter that ended...
Mining Jun 09, 2016 Rapaport News
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