Sandstorm Branches Out with Acquisition of Diavik Stream

Sandstorm Branches Out with Acquisition of Diavik Stream

Sandstorm announced that it's acquired a 1-percent gross proceeds royalty over property in Lac de Gras, which is located in Canada's Northwest Territories. The royalty covers land that constitutes Rio Tinto and Dominion Diamond's Diavik diamond mine.

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John Kaiser: Diamonds Have a Positive Price Trend

Resource Investing News caught up with John Kaiser of Kaiser Research at Cambridge House International’s 2015 Vancouver Resource Investment Conference. Kaiser spoke about the troubles plaguing Canadian juniors and also answered a few questions about diamonds.

Company News

Stellar Reports First Diamond Sales and Revenues

Stellar Diamonds plc (LSE:STEL) announced its first diamond sales and revenues, noting that it sold 4,414 carats of diamonds in Antwerp for gross revenues of US$417,122.

Durango Signs Non-binding LOI for Lucky 7 Diamond Property

Durango Resources Inc. (TSXV:DGO) announced that it has entered into a non-binding letter of intent (LOI) with an arm's length group of vendors regarding the Quebec-based Lucky 7 diamond property.

Kennady Diamonds Intersects Kimberlite at Faraday

Kennady Diamonds Inc. (TSXV:KDI) announced that it has intersected kimberlite over 37 meters in delineation drill hole in delineation drill hole at Faraday 2.

ALROSA Reports Loss in 2014

ALROSA (MCX:ALRS) announced a loss of $283.8 million ‎in 2014, attributed to foreign-exchange losses on the company's U.S. dollar-denominated debt, following depreciation of the ruble in 2014.

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Company Videos

Diamcor Mining Details Plans for 2015

Diamcor Mining Inc. (TSXV:DMI) CEO Dean Taylor spoke to Resource Investing News about the Krone-Endora at Venetia project in South Africa.

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.

Market News

De Beers Confident in Prospects for Diamond Jewelry

In an interview with Mining Weekly, Bruce Cleaver, director of strategy at De Beers, said that his company's consumer research continues to show that diamonds are an in-demand luxury product.

Indian Polished Diamond Exports Up 4.4 Percent in February

Rapaport reported that in February, India's polished diamond exports increased by 4.4 percent from the previous year, hitting $2.298 billion. The data comes from the Gem & Jewellery Export Promotion Council.

Zimbabwe to Consolidate Diamond Mines into One Company

Reuters reported that Zimbabwe plans to merge all the diamond mining companies in the country into one large firm that will be half owned by the state. That firm will include a local Rio Tinto plc (LSE:RIO,ASX:RIO,NYSE:RIO) unit.

Infographic: 10 Top Biggest Diamonds Ever

Australian Mining reported that Danish website Smykker.Me has created an infographic that lays out information on the 10 biggest diamonds ever.

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