5 Top Industrial Diamond-producing Countries

5 Top Industrial Diamond-producing Countries

While the average person is only familiar with diamonds in the context of jewelry, the world's hardest substance has applications well outside the world of fashion. Industrial diamonds, which are used to create super-durable cutting tools or abrasives, represent the majority of the diamond trade. Here's a look at the five top natural industrial diamond-producing countries for 2014.

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Videos

John Kaiser on Diamonds: Stock Picks, Synthetics and Prices

At this week's Canvest conference in Vancouver, John Kaiser of Kaiser Research shared his thoughts on the diamond market with the Investing News Network. Here's what he had to say about the threat of synthetics, long-term price prospects and the companies he likes.

Leibish & Co.: Updated 2015 Diamond Market Outlook

With 2015 nearly at the half-year mark, INN got back in touch with Yaniv Marcus to see if his forecasts have been accurate thus far. Interestingly, the diamond market has not had as easy a time as expected this year, with lower prices being a key issue.

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

RIO TINTO Disposes Assets in Zimbabwe

RAPAPORT reported that Rio Tinto (NYSE:RIO) disposed off its seventy eight percent stake in Murowa Diamonds and its fifty percent share of Sengwa Colliery Ltd. to RZ Murowa Holdings Ltd. of Zimbabwe.

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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

Diamond Industry Facing Problems Across the Board

Reuters reported that the diamond industry is facing a number of problems. For instance, the family businesses that make up the global diamond trade have taken a hit in terms of profits, while diamond cutters and polishers are caught between miners who charge high prices for rough stones and retail chains that want to buy finished gems at low prices.

ALROSA Expects Diamond Price to Improve by Year End

Reuters reported that Russia's ALROSA (MCX:ALNU) has lowered its diamond prices by 6 percent so far in 2015. However, it expects prices to rise by the end of the year.

Botswana Diamond Facilities Facing Cutbacks

Mining Weekly reported that two diamond cutting and polishing factories in Botswana have closed down. More than half of such facilities in the country have had to "retrench and downsize."

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