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Dominion
Dominion Suspends Ekati Mining Operations
Dominion Diamond Mines has put all operations at its Ekati mine in Canada on hold indefinitely in an effort to protect workers from the coronavirus pandemic.The miner has suspended operations at the Northwest Territories site because of the...
Mining Mar 22, 2020 Rapaport News
Miners coronavirus
Production Continues as Miners Fight Virus Impact
Alrosa, Petra Diamonds and Lucara Diamond Corp. are among the companies putting special procedures in place in preparation for a possible coronavirus outbreak, while still continuing operations at their mines.Alrosa, which has not had...
Mining Mar 19, 2020 Leah Meirovich
Dominion
Dominion Appoints Interim CEO
Dominion Diamond Mines has named Patrick Merrin as its interim CEO, replacing Shane Durgin, who has left to pursue other opportunities. Merrin, who assumes the role with immediate effect, joined parent group...
Mining Feb 11, 2020 Rapaport News
Rio Tinto Argyle mine
Rio Tinto Lowers Outlook as Argyle Closure Looms
Rio Tinto expects a decline in diamond production in 2020 as it reduces output at its Argyle mine in Australia, which is set to close in the fourth quarter.The company will produce between 12 million and 14 million carats for the year,...
Mining Jan 19, 2020 Rapaport News
De Beers Dominion
De Beers, Dominion Seek Canada Expansion
De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada’s Mackenzie Valley Land and Water Board, De Beers noted interest...
Mining Jan 06, 2020 Rapaport News
Tiffany
LVMH Sees Value in Tiffany’s Diamond Sourcing
A storied past and popularity as a brand might bethe first things that would attract a potential suitor to Tiffany & Co. ButLVMH has identified another key attribute that made the US jeweler a valuabletarget: its ability...
Retail Nov 28, 2019 Joshua Freedman
KGK, Botswana
Who’s Buying the Rough in 2019?
The stability of the diamond industry is largely in thehands of 122 manufacturers and dealers that buy rough on a contractual basis. Many of the sector’s current problems have resulted from too much rough entering the market...
Rough Markets Aug 11, 2019 Joshua Freedman
Rio Tinto
Rio Tinto Incurs Loss in Diamond Division
Weak rough prices pushed Rio Tinto’s diamond unit into thered in the first half of the year, the miner reported Thursday. The division recorded a net loss of $5 million for the sixmonths ending June...
Mining Aug 01, 2019 Rapaport News
AFG
French Gem Group to Hold Diamond Symposium
The French Association of Gemmology (AFG) will hold aconference in Paris on the state of the diamond industry, it said Monday.The 18th Paris Gemmological Rendez Vous — whichwill take place on September 9 — will cover topics including diamondmining,...
Polished Markets Jul 23, 2019 Rapaport News
Argyle mine 600
Rio Tinto Output Falls in 1H
Diamond production at Rio Tinto dropped 10% year on year inthe first half of 2019, as the miner recovered lower-grade ore at its Argylemine in Australia. The company’s share of production at the Argyle and Diavik mines came...
Mining Jul 16, 2019 Rapaport News
FCRF
Pink Diamond Prices Firm in 1Q
Pink fancy-color diamonds outperformed other major colorcategories in price terms during the first quarter, the Fancy Color ResearchFoundation (FCRF) said. “At a time of diamond-market uncertainty, fueled by growingwhite-diamond inventory and the emergence of lab-grown...
Polished Markets May 05, 2019 Rapaport News
Rio Tinto
Rio Tinto Diamond Production Falls
Diamond production at Rio Tinto dropped 18% year on year inthe first quarter of 2019, as the miner recovered lower-grade ore at its twodeposits. Production came to 3.8 million carats for the three monthsending March 31,...
Mining Apr 16, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Fancy Color
Yellow Prices to Increase in 2019, Says FCRF
A reduced supply of vivid-yellow diamonds will drive a priceincrease this year, according to the Fancy Color Research Foundation (FCRF). “In the last three years we witnessed a substantial [quantity]of vivid yellows coming to market, mainly from...
Polished Markets Feb 05, 2019 Rapaport News
Rio Tinto Argyle
Rio Tinto 2018 Recoveries Decline
Recovery of lower-grade ore at Rio Tinto’s Argyle and Diavikmines led to a 15% drop in the company’s diamond production to 18.4 million carats in 2018.Output at the Argyle asset in Australia slid 18% to 14.1 million carats for the...
Mining Jan 20, 2019 Rapaport News
Patrick Evans
Ex-Dominion CEO to Launch Lab-Grown Venture
The former CEO of Dominion Diamond Mines is launching alab-grown-diamond venture targeting the bridal market, the Financial Timesreported. Patrick Evans’s company will produce synthetic stones at aUS location with access to cheap solar power,...
Technology Jan 15, 2019 Rapaport News
Composite Top 10 Diamonds 150
The Biggest and Priciest Diamonds of 2018
As the year comes to a close, Rapaport News takes alook back at the largest rough stones miners unearthed in 2018, and thediamonds that fetched the highest prices at auction.Colossal findsThe 910-carat Lesotho Legend, which Gem...
Polished Markets Dec 27, 2018 Rapaport News
Top 10 2018 montage
Top 10 Stories of 2018: A Year of Synthetics
This was the year in which synthetic diamonds wentmainstream. De Beers launched its Lightbox brand, the US Federal TradeCommission (FTC) relaxed its rules for describing lab-grown diamonds, andthe likes of Macy’s and JCPenney started...
Polished Markets Dec 18, 2018 Joshua Freedman
Dominion 553 carat yellow 150
Dominion Recovers 553ct. Yellow Diamond
Dominion Diamond Mines has unearthed the largest knowngem-quality diamond found in North America, it said last week. The company recovered the 552.74-carat yellow diamond in Octoberat its Diavik mine in Canada’s Northwest Territories. It beats...
Mining Dec 16, 2018 Rapaport News
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