Login

Sarine Technologies releases new version of its rough planning software

Sarine has announced the release of AdvisorTM 7.0, the latest version of its industry-leading rough planning software tool.

Today

Firestone Diamonds ups production guidance to 360 000 ct

Firestone Diamonds said it is expecting to recover about 360,000 carats in the financial year ending 30 June 2017, against April's guidance of 300,000 carats at its Liqhobong diamond mine in Lesotho.

Today

BrilliAnt 2018 to be highlight of Antwerp Diamond Year

BrilliAnt - the 9th ADTF is to be held January 28-30, 2018, AWDC announced.

Today

Golden Saint recovers 14 diamonds from Sierra Leone’s Tongo licence

Golden Saint has recovered 14 diamonds, weighing a total of 10.46 ct, from its Tongo licence, in Sierra Leone, following bulk sampling operations last week. The stones, it said in an operational update, ranged from 0.25 to 2.15 carats per stone.

Today

Angola’s Endiama surpasses 2016 diamond output target

Angola’s state-owned diamond mining company Endiama produced 9.21 million carats of diamonds last year, exceeding a target of 9 million carats set by the ministry of planning and territorial development.

23 june 2017

5 Reasons Why Diamond Mining Stocks Have Been Under Pressure

20 april 2017
(paulzimnisky.com) - From February 15th to March 13th, a market-cap weighted aggregation of diamond miners in U.S. dollars including ALROSA Joint-Stock Company (RTS: ALRS), Petra Diamonds Ltd (LSE: PDL), Dominion Diamond Corp (TSX, NYSE: DDC), Gem Diamonds Ltd (LSE: GEMD), Lucara Diamond Corp (TSX: LUC), Stornoway Diamond Corp (TSX: SWY), Firestone Diamonds Plc (LSE: FDI), and Mountain Province Diamonds Inc (TSX, NASDAQ: MPVD), was down 14.3%. During the same time period, the S&P 500 (the U.S. broad market proxy) was up 1.1% and notably made an all-time high on March 1st. The FTSE 100 (the European broad market proxy) was up 1.0% and also made an all-time high on March 1st. On February 24th Stornoway hit a 52-week low of C$0.81, through March 2nd Dominion shares were down 10 days in a row, and on March 8th Mountain Province made a 52-week low of C$4.51. From February 15th to March 13th, $1.8B was erased from ALROSA’s market cap, a 14.1% decline. The recovery of the diamond industry last year following the 2015 indigestion, a strong post-election U.S. economy, and a more stable Chinese economy, are all fundamentals supportive of diamond miners, but the stocks have recently displayed weakness. Here are some thoughts as to why.

Comments

Only registered users can add comments (Register, Login)