Olivut Resources Ltd (TSXV:OLV), a diamond exploration company, announced that it has closed its private placement of a $300,000 callable and convertible security in order to raise as much as $18 million in the next 3 years.
Reuters reported that Belgian authorities are scrambling to fix loopholes that enabled one of the most significant jewelry heists in history. Jewelry dealers fear the incident has put the country’s diamond trade at risk.
Stornoway Diamond Corporation (TSX:SWY) released the Optimization Study for its 100% owned Renard Diamond Project in Québec. The Optimization Study includes certain design refinements (such as the deferral of shaft access for the underground mine and a modified underground mining sequence and draw point design), as well as an updated project development schedule and financial model. The Optimization Study restates the project's Probable Mineral Reserves at 17.9 million carats (23.8 Mtonnes at 75 carats per hundred tonnes, or "cpht").
Mining Weekly reported that diamond miner Harry Winston said it had lifted its diamond production last year from the partly owned Diavik diamond mine by close to 7.5% for higher grades to 7.2 million carats.
The Street reported that an international mining company searched for diamonds in a bean field near St. Thomas in North Dakota and came up empty but state geologists say it will pave the way for more diamond explorations.
LJ International Inc. (NASDAQ:JADE), a premier diamond and colored gemstone jeweler recently announced that its Board of Directors has approved the change of fiscal year end to March 31 annually.
The International Business Times reported that by the end of the decade, majority of consumers of diamonds could likely be in Asia with an expected rise of diamond sales at $26.1B by 2020.
Mining Weekly reported that Stornoway Diamonds (TSX:SWY) found a 9.78 ct diamond in north-central Quebec, at its Renard Project. The diamond, which has obtained a preliminary valuation of $7000/ct, has been regarded as one of the most valuable discoveries obtained at the project.
The high-throughput bulk X-ray technology that the TSX- and JSE-listed Rockwell Diamonds has been putting through its paces has passed with flying colours.
Pilot Gold Inc. (TSX:PLG) is very pleased to report that assay results from eight new diamond drill holes from the 2012 program at the TV Tower project in Turkey continue to return long intervals of gold, silver and copper mineralization with areas of exceptionally high grades.
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