Armenia puts up for sale more than half of valuables from state reserve

On September 24, the Government of the Republic of Armenia approved the sale of the most illiquid valuables stored in the vaults of the State Treasury of Precious Metals and Stones supervised by the Ministry of Finance of Armenia. The auctions will take...


Caledonia Mining acquires new gold mining project in Zimbabwe

Caledonia Mining has entered into an agreement to acquire the mining claims over the Maligreen project, a property situated in the Gweru mining district in Zimbabwe from Pan African Mining for $4 million.


SA diamond producers welcome ruling on Mining Charter

The South African Diamond Producers Organisation (SADPO) has supported a High Court ruling that the country’s Mining Charter is an instrument of policy, not binding legislation.


Indian diamond exporter under Income Tax radar

The Income Tax department carried out search operations on premises connected to a leading diamond manufacturer and exporter from Gujarat and seized a large volume of unaccounted data. The raids, which began on September 22 based on intelligence input...


New RJC standard for lab-grown materials

Responsible Jewellery Council, the world’s leading standard-setting organisation for the global jewellery and watch industry with 1,500 member companies in 71 countries, announced that it will develop a standard for laboratory-grown materials to establish...


In Depth: The Sun is Shining Bright for Arctic Canadian

14 july 2021

( - After a turbulent period, the sun finally shines on Arctic Canadian - quite literally - as the company’s reboot included the successful sale of the stunning 204-carat yellow "Dancing Sun" through a Christie’s auction earlier this month. The Arctic Canadian Diamond Company, formerly known as Dominion Diamond Mines, took possession of a 552-carat yellow diamond uncovered in October 2018 at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada’s Northwest Territories. The Diavik mine is partially owned and operated by Rio Tinto's operations in Canada. Abrasion markings on the rough stone’s surface attest to the difficult journey the gemstone underwent during recovery. Measuring 33.74mm x 54.56mm and weighing exactly 552.74 carats, a diamond of this size and magnitude was unexpected for this part of the world, a true milestone for diamond mining in North America. Following the recovery of the rough diamond in 2018, the polished diamonds made their public debut in 2021. The “Dancing Sun,” a fancy intense yellow diamond of 204.36 carats with VVS2 clarity sold at Christie’s New York Magnificent Jewels auction. The cushion-modified brilliant-cut diamond went under the hammer for US$ 4.95 million, well within the pre-auction estimate of US$3.5 million - US$5.5 million. The Diamond Loupe sat down with Harsh Dalal, VP of Sales at the Arctic Canadian Diamond Company to find out more about their rebooting strategy and the "Yellow Sun".