PROJECT UPDATE: Lucara Records Revenue of $24.85 Million at First Large-stone Tender
Yesterday, Lucara Diamond completed its first large and exceptional diamond tender, selling 15 diamonds for gross revenues of $24.85 million.
Diamond Mining in Africa
Africa, the world's largest producer of diamonds, has produced half of all diamonds.
Rio Tinto Takes Argyle Underground, Steps Up Efforts to Sell Mines
Rio Tinto is still looking to sell its diamond unit as Dominion Diamond and Anglo American seek to increase their exposure to the industry.
PureFunds’ Paul Zimnisky Talks Diamond ETF Investing
Diamond Investing News spoke with Paul Zimnisky, CEO of PureFunds, about his company's unique, recently launched diamond and gemstone ETF.
Company News
Lucara Diamond Corp. Announces Meeting Will Be Held in Vancouver
Lucara Diamond Corp. (TSX:LUC) announced that the Company's Annual and Special Meeting will be held in Vancouver, British Columbia, on June 21, 2013 to elect directors for the ensuing year, among other agendas.
Lucara Diamond Corp. Announces Results From Its First Large and Exceptional Diamond Tender
Lucara Diamond Corp. (TSX:LUC) completed its first large and exceptional diamond tender of Karowe diamonds on May 22, 2013. All 15 stones were sold for gross revenues of $24.85 million.
Dominion Diamond Enters Oversold Territory — Time to Buy?
Forbes reported that shares of Dominion Diamond Corp. (NYSE:DDC) have sunk as low as $14.79 and have entered oversold territory. Stocks are considered oversold if they have a Relative Strength Index reading below 30, and Dominion's is currently 29.4.
Petra Diamonds’ Tanzanian Mine Could Produce for 50 Years
AllAfrica reported that Tanzania's Williamson diamond mine, which is majority owned by Petra Diamonds Ltd. (LSE:PDL), has a potential mine life of over 50 years, although the current mine plan only accounts for 18 years.
Company Videos
INN Video: William Lamb of Lucara Diamond Corp. on Botswana As the Best Jurisdiction for Diamond Production
Lucara Diamond Corp. (TSX:LUC) CEO, William Lamb spoke with the Resource Investing News Network about working in diamond production in Botswana. Mr. Lamb comments “In terms of Diamond production, Botswana would be by far, the best jurisdiction to work in.”
INN Video: Dean Taylor of Diamcor Mining on Taking Krone-Endora at Venetia to Production in 2013
Diamcor Mining Inc. (TSXV:DMI) CEO Dean Taylor spoke with the Investing News Network about taking their high-grade Krone-Endora at Venetia Project in South Africa to full scale production in Q2 of 2013.
INN Video: Diamcor Mining Inc., CEO, Dean Taylor Speaks on Strategic Alliance with Tiffany
At the 2013 Vancouver Resource Investment Conference, Dean Taylor, CEO of Diamcor. (TSXV:DMI) spoke to Investing News Network on its strategic alliance with Tiffany.
Market News
BMO: Diamond Prices to Rise 6 Percent a Year to 2020
Bloomberg reported that the price of diamonds will rise 6 percent per year until 2020 as output fails to meet increased demand from China and India, according to BMO Capital Markets.
Harry Winston Pays Record $26.7 Million for Colorless Diamond
Forbes reported that Harry Winston Inc. paid over $26.7 million for a 101.73-carat, pear-shaped flawless diamond at Christie's Geneva-based Magnificent Jewels sale, a record price for a colorless diamond.
Largest Flawless Diamond Ever Auctioned Could Sell for 20 Million Pounds
The Independent reported that experts believe that the largest flawless diamond ever auctioned, which is pear shaped and clocks in at 101.73 carats, will sell for 20 million pounds at the Magnificent Jewels auction in Geneva. The auction will be held by Christie's.
Central African Republic Faces Kimberley Process Embargo
The Wall Street Journal reported that the Kimberley Process has recommended a temporary embargo on the Central African Republic after a rebel coup occurred in the country in March. Alluvial diamonds are a main source of funding for the nation.
