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AWDC Board Elects New President

The Antwerp World Diamond Centre (AWDC), the industry organization representing the interests of 1,600 diamond companies in Antwerp, has elected Nishit (Bali) Parikh as its new President, replacing outgoing President Stéphane Fischler...

22 february 2018

De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

22 february 2018

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

22 february 2018

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

22 february 2018

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

22 february 2018

Another Grib Diamond Mine in Finland?

17 july 2017
(stockhouse.com) - On July 12, 2017, after market close, Arctic Star Exploration Corp. announced to acquire 100% of 243 hectares centered around the 2 diamondiferous Black Wolf and White Wolf Kimberlites in northeastern Finland, about 17 km from the town of Kuusamo and 24 km west of the Russian border. On top of that, Arctic filed an application for an approximate 95,700 hectares “Exploration Reservation” around the 243 hectares property, which would give Arctic the exclusive claim staking rights for 2 years. Roy Spencer, who discovered the Wolf Kimberlites as well as the multi-billion-dollar Grib Kimberlites in Russia, has joined Arctic’s Board of Directors and commented in a press-release: “Kimberlites are likely to occur in fields - also known as clusters - which typically contain 30 or more separate kimberlites. The Wolf kimberlites are just the first discoveries in a more extensive cluster. There is good evidence for the existence of this field in the public domain. This data shows regional distribution of kimberlitic indicator minerals and diamonds in surficial tills. The Exploration Reservation will allow Arctic Star to explore the entire region.”

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