Diamonds

Rio eyes special moment in diamond tender

By Sarah-Jane Tasker

Zimbabwe Wants to Distribute Diamonds to China, Dubai, Israel

By Godfrey Marawanyika

Zimbabwe is trying to reach an agreement to distribute its stones directly to China, Dubai and Israel without violating rules against the sale of gems from the Marange fields, Chris Mutsvangwa, chairman of the state-owned Mineral Marketing Corporation Ltd., said.

The U.S. may also get involved in discussions, Mutsvangwa said on the sidelines of a Chamber of Mines Read more

Diamonds deliver for all as Rio goes underground

By Sarah-Jane Tasker

WESTERN Australia’s Kimberley region was the scene of a historic celebration yesterday as the traditional owners of the site of Rio Tinto’s Argyle Read more

Argyle could be jewel in Rio’s sell-off crown

By Sarah-Jane Tasker

India’s rough diamonds imports set to jump by 25% in FY14

By Shivom Seth

Even as a huge pink diamond described as ‘God’s gift to India’ is set to go under the hammer next week in New York on April 16, and is expected to fetch around $30 million, the gems and jewellery sector in India is eyeing newer markets for exports.

India, the world’s largest processor of rough diamonds, gets most of its supply from firms such as top producer De Beers, mining giant Rio Tinto, Read more

DIAMONDS: Stornoway pleased with valuation of Renard sample

Stornoway Diamond Corp. of Montreal is pleased with the latest valuation of a bulk sample from its Renard diamond project in the Otish Mountains. An independent valuation using March 2013 prices revealed an average price of US$250/ct on the total Renard 65 parcel of 997 ct.

Valuations of US$8,500/ct and US$5,900/ct were made on the two largest stones of 9.77 ct (G colour) and 6.40 ct (F colour) respectively. Read more

Rio finds likely buyer for Diavik mine stake

By Barry Fitzgerald

DIAMOND: Birks premiers 16-ct yellow diamond in Edmonton

Birks, synonymous with fine jewellery since 1879, is exhibiting one of the world’s rarest yellow diamonds in its Edmonton location starting this week. The stunning, 16.01-carat fancy intense yellow diamond is set into a platinum ring adorned with diamond pavé.

The diamond’s colour is of natural origin, and its large size and stellar high clarity makes it exceptional. Recently discovered, the Birks fancy intense yellow is guaranteed conflict free Read more

Chinese market sparkles for Argyle’s gems

 By Sarah-Jane Tasker

Dominion Diamond wins final approvals to acquire Ekati mine

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TORONTO — Dominion Diamond Corp said on Monday that it had secured all necessary regulatory approvals to acquire BHP Billiton’s Ekati diamond operations in Canada’s Northwest Territories.

Toronto-based Dominion Diamond, formerly known as Harry Winston Diamond Corp, said it expected the deal to close on or about April 10. Read more

World’s Biggest Colorless Diamond May Fetch $20 Million

By Scott Reyburn

A pear-shaped colorless diamond is estimated to sell for $20 million at an auction in Switzerland.

The D-color flawless stone, weighing 101.73 carats, will feature in a jewelry auction by Christie’s International at the Four Seasons Hotel des Bergues, Geneva, on May 15. Read more

Belgium diamond heist disrupts Indian rough supply

By Shivom Seth

The diamond heist at Brussels airport yesterday, where armed gunmen stole diamonds worth close to $55 million from a Zurich-bound plane is set to delay deliveries and lead to a shortage of rough diamonds in India.

Dinesh Navadia, president of the Surat Diamond Association said most of the stolen diamonds Read more

De Beers Commits $2.3 Billion to Expand Diamond Mine

By Christopher Donville

De Beers SA, the diamond producer 85 percent owned by Anglo American Plc, plans to invest about 20 billion rand ($2.3 billion) to build an underground diamond mine beneath its existing Venetia open-pit operation in South Africa.

The investment will extend Venetia’s economic life until 2042 and eventually replace the open pit as South Africa’s largest diamond mine, the company said today in a statement. Read more

Angola’s Escom to Start Production From New Diamond Mine in May

By Colin McClelland

Escom Investimentos e Participacoes SA, an Angolan company with interests from mining to property, plans to start output from a diamond deposit in the southern African nation in May, company President Helder Bataglia said.

The Tchegi alluvial site will produce, together with Escom’s existing Luo kimberlite mine, a total of about 35,000 carats a month by the end of the year, Bataglia said. Read more

De Beers expects to dig Angola gem deposit to recoup investment

By Colin McClelland

De Beers, the world’s biggest diamond producer, said it’s confident of finding a gem deposit in Angola that will allow it to more than recoup the $250 million it has spent on exploration.

The company, owned by London-based Anglo American Plc, has found diamonds in a 3,000 square-kilometer (1,158 square-mile) concession near Lucapa in the Lunda North province, Read more

Diavik diamond mine’s fourth-quarter output rises 19%

Harry Winston Diamond Corp. says the Diavik mine in Canada’s Northwest Territories produced 1.9 million carats in the fourth quarter of 2012, up 19 per cent from a year earlier.

The Toronto-based company attributed the increase from 1.6 million carats produced in the fourth quarter of 2011 to better grades of kimberlite, the mineral that contains raw diamonds. Read more

India chasing rough diamonds, polo cup

By Shivom Seth

The Indian government is holding talks with diamond producing states around the world to secure supplies of rough diamonds. In this regard, the Indian government is talking to Russia, Canada, Zimbabwe and South Africa for rough diamond supplies and is keen to ink long term contracts for assured supplies. Read more

De Beers Sees Diamond Price Growth Next Year on Supply

By Thomas Biesheuvel & Olivia Sterns

Diamond prices, headed for the first annual drop in four years, are set to get a boost in 2013 as De Beers, the world’s biggest producer, constrains supply.

De Beers, owned by Anglo American Plc (AAL), forecasts that it will produce about 27 million carats this year, a 14 percent decline from 2011. It expects stable production in 2013, bolstering prices that have slumped 16 percent this year. Read more

Quebec gives Stornoway the go-ahead to build Renard diamond mine

By Kip Keen

Stornoway Diamonds said on Thursday that the Quebec government had given it the green light to build the Renard diamond mine.

Stornoway has already received a mining lease for the mine, Read more

Diamond Brings Record $21.5 Million, Beatles Art $87,720

By Scott Reyburn

A colorless 76.02-carat diamond sold last night in Switzerland for 20.4 million Swiss francs ($21.5 million) with fees, setting a record auction price per carat.

Known as the Archduke Joseph Diamond, the internally flawless stone was the most highly valued lot in a jewelry auction held by Christie’s International at the Four Seasons Hotel des Bergues, Geneva. Read more

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