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Company News

Jim Pattison Takes 18.72-percent Stake in Canterra Minerals

Canterra Minerals Corp. (TSXV:CTM) announced that it has closed a non-brokered private placement for gross proceeds of $2 million, selling 16,214,285 units priced at $0.07 each, along with 8,650,000 common shares issued as flow-through shares priced at $0.10 each.

Petra Diamonds’ Production, Revenue Up 17 Percent

Petra Diamonds Ltd. (LSE:PDL) provided a trading update for the year ended June 30, 2014, commenting that its production is up 17 percent from the previous year, at 3,110,823 carats.

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Company Videos

An Update from North Arrow Minerals CEO Kenneth Armstrong

North Arrow Minerals Inc. (TSXV:NAR) CEO Kenneth Armstrong spoke to Resource Investing News at the Canadian Investor Conference in Vancouver about the Company’s busy remainder of 2014, starting with bulk sampling in the Qilalugaq project in Nunavut, a month-long till sampling at the Pikoo Diamond Project in central eastern Saskatchewan, and a drill program in the Lac de Gras Project in the Northwest Territories.

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

Global Diamond Production Value Hits $14.09 Billion in 2013

Rapaport reported that in 2013, the value of global diamond production rose 11 percent from the previous year, hitting $14.09 billion. The increase was largely to due to higher average prices for rough diamonds.

Israeli Diamond Market Transparency Increasing

The Times of Israel reported that as a result of regulations that went into effect this week, Israeli diamond dealers are now "not allowed to accept more than NIS 75,000 ($21,000) in cash for a precious stone from retail customers."

Rapaport Predicts Slow Q3 for Diamond Industry

Rapaport reported that during the second quarter of 2014, the RapNet Diamond Index for 1-carat diamonds softened. And, unfortunately for gem lovers, "things will likely get worse before they get better."

Namibia May Sell Diamonds Outside De Beers Joint Venture

Bloomberg reported that the government of Namibia is setting up a company to sell some of the diamonds mined by Namdeb Diamond Corp., a joint venture it owns equally with Anglo American plc's (LSE:AAL) De Beers unit.

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