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Rapaport Diamond Industry Stock Tracker
Financial markets fell this week, dragging diamond andjewelry stocks down. JC Penney (-7.5%) led the US retail decline despitereports it would delay some planned store closures due to better-than-expectedsales. Chow Tai Fook shares (+4.3%) were the sole gainer among Far East jewelryretailers, with further...
Financial-Legal Apr 20, 2017 Rapaport News
Sierra Leone 709 ct. diamond
Sierra Leone Delays 709ct. Rough Sale
The government of Sierra Leone has pushed back the schedulefor selling a 709.41-carat rough diamond to give bidders more time to takepart.Potential buyers can view the diamond until May 10 at theBank of Sierra Leone in Freetown, the...
Mining Apr 09, 2017 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
Firestone Diamonds (+17%) led mining stocks after the rough producer discovered the largest diamond to date at its Liqhobong mine. In the U.S., retail stocks had a disappointinf week amid continued reports of store closures...
Financial-Legal Apr 06, 2017 Rapaport News
GIA artisanal miners guide
GIA Launches Gem Guide for Artisanal Miners
The Gemological Institute of America (GIA) is piloting a freegemology guide for artisanal miners in producing countries.The aim is to offer basic gemological and market knowledge inregions where gem-mining takes place, the institute said Tuesday. The...
Mining Apr 05, 2017 Rapaport News
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
Dominion Sees More Life in Diavik Mine
Dominion Diamond Corporation has extended the life span ofits jointly owned Diavik mine by two years and hiked its estimate of theproject’s future production.The deposit in Canada’s Northwest Territories will lastuntil 2025, compared...
Mining Apr 02, 2017 Rapaport News
Rough Diamonds
Botswana Diamonds Gains from Weak Pound
Botswana Diamonds recorded a profit in the first half of thefiscal year, benefiting from a drop in the value of the British pound, theexploration company said this week.Total comprehensive income stood at $75,799 (GBP 61,000) inthe six...
Mining Mar 29, 2017 Rapaport News
Liqhobong
Currency Gains Bolster Firestone Earnings
Firestone Diamonds’ bottom line improved in the second half of 2016 as its Liqhobong mine operation in Lesotho benefited from the appreciation of the local currency against the U.S. dollar.Total comprehensive income stood at $9.7 million...
Mining Mar 29, 2017 Rapaport News
lucapa
Lucapa Pegs Lulo Resources at $1,246/ct.
The Lulo mine in Angola contains diamonds that are 54% morevaluable than previously estimated, despite more than a year of resourcedepletion, according to the asset’s owner.The estimated price of the diamonds in the mine grew to$1,246...
Mining Mar 27, 2017 Rapaport News
Jim Gowans Dominion
Dominion Team to Assess Potential Sale
Dominion Diamond Corporation has set up a team of directorsto evaluate a potential sale of the company, the miner said in a statementMonday.The committee will work with Dominion’s management team andadvisors to “consider alternatives that could include the...
Mining Mar 27, 2017 Rapaport News
Sierra Leone 706ct
Sierra Leone to Tender 709ct. Diamond
A 709.48-carat diamond discovered by a pastor in SierraLeone will go up for sale by international tender, authorities have announced. The stone, believed to be the 13th-largest rough diamondever found, will be available for viewing at the Bank of Sierra Leone for...
Mining Mar 27, 2017 Rapaport News
Mothae mine Lucapa
Lucapa Values Mothae Resources at $1,063/ct.
The Mothae mining project in Lesotho contains mineralresources worth an estimated $1,063 per carat, according to Lucapa DiamondCompany, which recently acquired the asset.Mothae holds 1.04 million carats of diamond resources,with a grade of 2.7 carats per...
Mining Mar 26, 2017 Rapaport News
Alrosa Sorting
ALROSA Upbeat Despite Sales Decline
ALROSA sales fell 6 percent to an estimated $1.25 billion during the first quarter even as its rough diamond prices firmed, the company reported at an investor conference on Wednesday. The miner’s rough diamond price index rose...
Mining Mar 23, 2017 Rapaport News
ALROSA's Udachniy mine
ALROSA Profit Spikes on Diamond Market Recovery
ALROSA’s profit quadrupled in 2016 as rough diamond demand improved and the Russian ruble recovered against the dollar. “They were pretty solid results and in line with our expectations,” said Dmitry Glushakov, an analyst...
Mining Mar 16, 2017 Rapaport News
Merlin green diamonds
Merlin Magics Up Green Diamonds in Australia
Merlin Diamonds has recovered five green diamonds in itsAustralian mining operations, following the discovery of a rare blue diamond inDecember.The largest of the green diamonds weighs 1.4 carats, andanother is 0.21 carats. Meanwhile, independent experts...
Mining Mar 14, 2017 Rapaport News
Gahcho Kue processing plant
All Parcels Sell at Gahcho Kué Tender
Mountain Province sold 277,646 carats of rough diamonds atits second tender of production from the Gahcho Kué mine in Canada.The company sold all the parcels of diamonds on offer,including those it had held over from its...
Rough Markets Mar 08, 2017 Rapaport News
Ivanov Medvedev ALROSa
Ivanov Confirmed as ALROSA Chief
Russia’s government has appointed Sergey Ivanov aspresident of ALROSA for a three-year term, according to an official statementon Monday.Ivanov is the son of a former Kremlin-administration head and currently serves as senior vice president of Sberbank,having previously headed insurer...
Mining Mar 07, 2017 Rapaport News
Riot Tinto Red Diamond Argyle
Resource Estimate Drops for Argyle Mine
Rio Tinto has lowered its estimate of the mineral resourcesavailable at its Argyle diamond mine in Australia, as the company reconsiders itsplans to extend the project.Estimated mineral resources fell 66 percent to 15 milliontonnes in 2016, compared with the...
Mining Mar 05, 2017 Rapaport News
Rough Diamonds
Diamcor Hurt by Weak Rough Prices
Diamcor Mining’s sales declined 8 percent in the fiscalthird quarter, the company said Wednesday, citing sluggish rough-diamondprices.Revenue fell to $1.2 million (CAD 1.6 million) from the saleof 9,435 carats in the three months that...
Mining Mar 02, 2017 Rapaport News
Lace Diamond Mine DiamondCorp
DiamondCorp Agrees to Loan Deal
DiamondCorp has reached an agreement with one of its lenders,enabling the embattled company to secure a loan against its Lace mine in SouthAfrica as part of its business recovery efforts. Last month, the company attempted a sale of shares...
Mining Feb 28, 2017 Rapaport News
Stellar Baoulé mine Guinea
Stellar Shares Fall After Funding Deal
Trading resumed in Stellar Diamonds’ shares on Mondayfollowing a six-month suspension, after the company completed fundraising for amining project in Sierra Leone.The issue of 5.9 million new shares at a price of $0.07 (GBP0.055) per share will raise...
Mining Feb 27, 2017 Rapaport News
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