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Rio Tinto ups diamond production in Q3

Rio Tinto Group has announced that its diamond production for the third quarter of 2017 was higher than the third quarter of 2016.

Yesterday

Rough patch for De Beers as eighth sales cycle dips to $370m

De Beers said its eighth sales cycle eased to $370 million from the previous cycle’s $507 million or $494 million, a year earlier.

Yesterday

RJC and DMCC to collaborate on CSR and sustainability in jewellery segment

The Responsible Jewellery Council (RJC) and the Dubai Multi Commodities Centre (DMCC) signed a Memorandum of Understanding to work cooperatively on advancing their shared objectives of improving corporate social responsibility and responsible...

Yesterday

Stellar disposes Guinea assets for $1,25mln

Stellar Diamonds said it has finally sold its Guinea assets for $1,25 million following an evaluation by the buyer, BDG Capital.

Yesterday

Court thwarts Israeli diamond firm from exiting Zim before settling debts

Zimbabwe’s High Court has thwarted an attempt by Fuss Diamond, an Israeli firm to close its operations in the southern African country without settling its debts.

Yesterday

Diamond stocks are crashing this year

11 october 2017

(The Globe and Mail) - It's been a surprisingly ugly year for most diamond companies. Shares of small producers, mainly focused on mines in southern Africa and Canada, have tumbled more than 30 per cent during the past year and each company seems to be embroiled in its own mess. The issues range from mine setbacks, political fights and low prices for certain types of stones. The volatility is normal for such a speculative corner of the industry, but the losses are surprising since rough-diamond prices have held up relatively well.

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