Q&A: BMO’s Ed Sterck talks demonetization and diamond equities
In late 2016 and early 2017 the diamond market felt the effects of India’s demonetization, which saw 500-rupee and 1,000-rupee bills suddenly removed from the…
Petra Diamonds Limited
Five reasons diamond stocks have been dragging
In the first quarter of 2017, a market-cap weighted aggregation of diamond miners in U.S. dollars including Alrosa (RTS: ALRS), Petra Diamonds (LSE: PDL), Dominion…
Q&A: Decoding the diamond market
With a dismal 2015 in the rear-view mirror, the first half of 2016 saw surprisingly strong demand for rough diamonds. However, with new production coming…
Q&A: Why diamond stocks haven’t lost their shine
After a 12-15% decline in rough diamond prices last year, 2016 has seen a stronger start to the year. Even so, Edward Sterck, Director of…
Diamond glut ‘not as catastrophic’ as people believe: Lucara CEO
After a decent 7% increase in 2014, rough diamond prices have fallen for the past year, prompting diamond equities to follow.
Lucara finds 1,111-carat diamond in Botswana
Lucara Diamond (TSX: LUC) recently made history by unearthing the world’s second-largest diamond from its flagship Karowe diamond mine in Botswana.
Diamond stocks stronger than ever: analyst Des Kilalea
Fresh off RBC Capital Markets’ 8th annual diamond conference, held in March in Toronto, Diamonds in Canada interviewed RBC mining analyst Des Kilalea in late…
Diamond producers’ association on the horizon?
More than a decade after De Beers relinquished control of the diamond sector, the major diamond miners are looking at forming a new industry association…
Editorial: Plenty to do for proposed association
No one is forecasting that 2015 will be a boom year for diamonds, but diamond miners are still looking good.. “Our view is that the…
Dominion delivers
Despite a softening in rough diamond prices, Dominion Diamond (TSX: DDC; NYSE: DDC) generated significant free cash flow in fiscal 2015 — paving the way…
Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Unable to go big, BHP and Rio Tinto go home
In the space of just a few months, both BHP Billiton (BHP-N, BLT-L) and Rio Tinto (RTP-N, RIO-L) announced they were reviewing their diamond businesses….