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John Kaiser’s Diamond Stock Picks

Peregrine Diamonds, North Arrow Minerals and Mountain Province Diamonds are among the diamond companies that John Kaiser likes.

Company News

2013 Brings Lower Profit, Higher Revenue for ALROSA

Rapaport reported that in 2013, ALROSA's (MCX:ALNU) profit fell 5 percent from the previous year, hitting $885.3 million. The fall came as "foreign exchange losses mounted due to a weakening ruble."

Pangolin Finds Another Microdiamond at Mmadinare Project

Pangolin Diamonds Corp. (TSXV:PAN) reported on a second diamond-positive area of soil sample results from its Botswana-based Mmadinare project, commenting that highlights include the discovery of an additional microdiamond and 281 ilmenite grains from 33 soil samples collected within Block 2 of the project.

Q1 Production from Dominion’s Diavik Totals 1.9 Million Carats

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced its production results for the first calendar quarter of 2014, commenting that during that period, its Diavik mine produced 1.9 million carats from 0.6 million tonnes of ore processed.

Stornoway Diamond Corp Begins Drilling at Renard

Stornoway Diamond Corp Begins Drilling at Renard

Stornoway Diamond Corporation (TSX:SWY) has commenced drilling for its 2014 program at the Renard Diamond Project in Québec. Objectives of the program include the conversion of 6.2 mCarats of inferred mineral resources to an indicated mineral resource, the addition of an inferred mineral resource previously seen as a "Target for Further Exploration," and exploration of Renard 2 to a depth of 1000m or more using deep, wild-cat drilling.

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Company Videos

INN Video: Ken Armstrong of North Arrow Minerals

North Arrow Minerals Inc. (TSXV:NAR) President and CEO, Ken Armstrong, spoke to Resource Investing News on how they have restructured the Company to be focused on diamond exploration in Canada.

Market News

India Eases Rough Diamond Import Rules

Mineweb reported yesterday that the Reserve Bank of India has made it easier for diamonds to be imported into the country; essentially, traders and manufacturers are now able to "directly import rough diamonds from anywhere in the world."

India, ALROSA Sign MOU to Increase Cooperation

Rapaport reported that India's Gem & Jewellery Export Promotion Council (GJEPC) and Russian diamond producer ALROSA (MCX:ALNU) have signed a memorandum of understanding (MOU).

Q2 Could be Slow for Diamond Market

Rapaport reported that while diamond markets were positive in March, it expects a slowdown in the second quarter of this year.

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