‘Vast majority of ASM production not from conflict zones’

Legacy concerns regarding conflict diamonds has seen artisanal and small-scale mining (ASM) diamonds being perceived negatively by consumers, yet the reality is that the vast majority of ASM production is not from conflict zones, according to...

Today

Rio Tinto’s Argyle mine to close in Q4 2020

Rio Tinto’s iconic Argyle mine in remote Western Australia and world’s biggest global source of high-quality pink diamonds will close in the fourth quarter this year.

Today

ASEAN Gems & Jewellery Presidents’ Summit scheduled for 3 March

The 9th ASEAN Gems & Jewelry Presidents’ Summit 2020 is scheduled for March 3, 2020, at the Hong Kong Convention & Exhibition Centre.

Today

CTF acquires coloured gemstone jewellery retailer Enzo

Chow Tai Fook Jewellery Group of China recently acquired the entire equity interests in Enzo Jewelry Inc, enriching the Group’s multi-brand portfolio to meet today’s ever-changing customer expectations.

Today

Rio Tinto’s diamond production down 8 per cent in Q4

In its latest announcement of its Q4 and full-year production figures for 2019, Rio Tinto said that the Q4 diamond production of 2019 at both the Argyle and Diavik mines recorded 8 per cent decrease over that of 2018 production.

Yesterday

Petra shares languish as diamond price malaise eclipses self-help measures

08 november 2019

(miningmx.com) - Shares in Petra Diamonds were under the pump again today as the UK-listed firm’s efforts to rein-in costs and sustained first quarter production were eclipsed by an as yet unrelenting slump in diamond prices. The company is now capitalised at £66.85m ($86.8m) which compares to net debt of $593m, having edged up slightly as of September 30. The shares were last trading at some 750 pence/share, a decline of 7.8% and taking losses on a 12-month basis to 80.5%. The company traded at an all-time low earlier last month.