Petra Diamonds posts 36% fall in revenue
Petra Diamonds (LSE: PDL) has reported a 36% fall in revenue and a net loss of £168.7 million (US$223 million) for the year ended June…
Diamonds
Alrosa pink diamond sets record price at auction
An extremely rare, purple-pink diamond mined and polished by Russia’s Alrosa (MCX: ALRS) has set a record price for a gem of that colour sold…
Mountain Province sees ‘positive momentum’ in battered diamond market
Since resuming regular diamond tenders in September, Mountain Province Diamonds (TSX: MPVD) has seen prices for its goods start to rise. In fact, the diamond…
Angola plans new diamond exchange in 2021
The government of Angola says it has identified key steps that it needs to take before launching its own diamond exchange in Luanda, which is…
Rio Tinto closes Argyle diamond mine after 37 years
Pink diamonds, already rare, are about to get scarcer as Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has closed its iconic Argyle diamond mine,…
Petra Diamonds shares fall on cancelled company sale
Shares in Petra Diamonds (LSE: PDL) nosedived after it said it had abandoned plans to sell the company or parts of its business, opting instead…
Diamond market shows signs of revival
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer…
Diamonds Snapshot: Seven small diamond producers and explorers to watch
The Covid-19 pandemic has choked off revenue for diamond producers and funding for diamond juniors for much of the year. But with the diamond trade…
Commentary: Inflation concerns support diamond prices
The U.S. dollar, as measured by an index tracking it versus six major currencies including the Euro, Yen and Canadian dollar, is down almost 10%…
Sale of Dominion’s Ekati mine hits ‘impasse’
The future of the Ekati diamond mine in Canada’s Northwest Territories remains uncertain after Dominion Diamond Mines announced that a deal to sell it to…
Diamond-gold deposit in Canada mirrors South Africa’s Witwatersrand Goldfields: study
Researchers from the University of Alberta, Penn State University and the University of Padua discovered diamonds in an outcrop at an unrealized gold deposit in…
Lucapa Diamond restarts Mothae mine in Lesotho
Australia’s Lucapa Diamond (ASX: LOM) is restarting operations at its Mothae mine in Lesotho, Africa, which had been halted since late March to help curb the spread of the coronavirus. The…