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ALROSA plans to auction large diamonds in Dubai

ALROSA, the world’s largest diamond mining company, will hold an auction for the sale of special size rough diamonds (weighing over 10.8 carats) in Dubai in the period from May 27 to June 14, 2018.

Yesterday

Signet Jewelers to join pilot of De Beers-led blockchain platform

Signet Jewelers, the world’s largest retailer of diamond jewellery, will become the first retailer to join the pilot of De Beers-led blockchain platform, Tracr.

Yesterday

Chow Tai Fook to use blockchain technology for ‘T MARK’ diamond brand

Clients of Chow Tai Fook’s diamond brand, CHOW TAI FOOK T MARK (T MARK), will receive a permanent and immutable blockchain record of their diamond’s GIA grading information.

Yesterday

Mountain Province Diamonds announced results of fourth diamond sale of 2018

Mountain Province Diamonds Inc.  announced the results of its recently completed fourth diamond tender sale of 2018.

Yesterday

Petra Diamonds to raise $178 mln to cut debt

Petra Diamonds, which has mining operations in South Africa and Tanzania, has launched a $178 million rights issue to settle part of its swelling debt.

Yesterday

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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