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De Beers, Dominion Seek Canada Expansion
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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...
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Mining
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Jan 06, 2020
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Rapaport News
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Pink Diamond Prices Firm in 1Q
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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...
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Polished Markets
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May 05, 2019
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Rapaport News
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DEF Debuts Scholarships for Canadian Industry
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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...
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Mining
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Apr 14, 2019
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Rapaport News
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Canada’s Ice Road Opens for Milestone Year
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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...
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Mining
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Feb 07, 2019
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Leah Meirovich
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Yellow Prices to Increase in 2019, Says FCRF
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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...
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Polished Markets
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Feb 05, 2019
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Rapaport News
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Diamond Resources Might Not Be Forever
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While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
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Mining
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Aug 14, 2018
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Leah Meirovich
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Dominion Agrees to Save 150 Ekati Jobs
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Dominion Diamond Mines has reached a tentative agreementwith the Union of Northern Workers (UNW) that could potentially save 150 jobsat the Ekati deposit. Dominion had planned to replace that many employees withcontract workers...
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Mining
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Jun 28, 2018
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Rapaport News
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Dominion May Cut 150 Mining Jobs
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Dominion Diamond Mines plans to lay off 150 employees at itsEkati mine in Canada’s Northwest Territories, according to union officials. “The employer’s intent is to replace these positions withcontracted workers by October 1, 2018, as a cost-cutting mechanism to increaseprofitability for...
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Mining
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May 17, 2018
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Rapaport News
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Dominion Holds Off on Ekati Expansion
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Dominion Diamond Mines has delayed a key extension to itsEkati mine for a second time as it assesses the project’s profitability, according to reports. The miner originally postponed the Jay expansion in June2016 because it determined that the...
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Mining
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May 10, 2018
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Rapaport News
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Dominion Takes On New Marketing Director
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Dominion Diamond Mines has appointed Rachel Aaron to oversee its marketing operations, including the promotion and development of its CanadaMark brand. As director of marketing, Aaron will be tasked with building and nurturing client relations,...
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Mining
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May 08, 2018
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Rapaport News
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Dominion Goes Private as Takeover Deal Closes
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The Washington Companies, a group of mining businesses, hascompleted its acquisition of Dominion Diamond Corporation after receiving allthe required approvals.Dominion will operate as a standalone, private company underthe leadership of new CEO Patrick Evans, who assumes...
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Mining
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Nov 02, 2017
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Rapaport News
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Dominion Mulls Ekati Underground Project
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Dominion Diamond Corporation is considering a $628 million investment to go underground at the Fox pit and extend its Ekati mine operation by seven years. The current mine plan at Ekati accounts for operations until 2035, with...
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Mining
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Sep 10, 2017
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Rapaport News
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Washington Companies in Talks to Buy Dominion
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Dominion Diamond Corp, the third-largest diamond producer by value, is in advanced talks with the Washington Companies on a cash-takeover bid, news agencies reported.Negotiations are focused on the two sides settling on a price for the Canadian diamond...
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Mining
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Jul 16, 2017
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Rapaport News
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Ekati Extension Gets Crucial Water Permit
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Dominion Diamond Corporation has received government approvalto use water for its Jay project in Canada’s Northwest Territories — animportant regulatory step for the miner.Robert McLeod, the region’s minister of environment andnatural resources, signed...
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Mining
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Jul 09, 2017
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Rapaport News
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Dominion Gains from Higher-Value Ekati Production
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Dominion Diamond Corporation’s sales increased sharply inthe fiscal first quarter as the miner shifted to a higher-value section of itsEkati deposit in Canada’s Northwest Territories.Revenue jumped 18% to $211 million in the three months ending April 30,...
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Mining
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Jun 13, 2017
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Rapaport News
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Dominion Buys Out Section of Ekati Mine
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Dominion Diamond Corporation has bought out the buffer zoneof its Ekati mine from Archon Minerals Limited, its partner in thejoint venture, the miner reported Monday.The buffer zone is a section of the Ekati project...
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Mining
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Jun 06, 2017
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Rapaport News
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James Allen Links Up with CanadaMark
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James Allen has become the exclusive online retailer ofCanadaMark diamonds, following a deal between the e-commerce site’s owner andCanada-based miner Dominion Diamond Corporation.All diamonds listed on James Allen under the Dominion-owned CanadaMarkbrand...
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Retail
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Jun 05, 2017
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Rapaport News
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Untapped Ekati Pipe May Hold 16M cts.
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Dominion Diamond Corporation has discovered an estimated16.3 million carats of diamonds in an undeveloped section of its Ekati mine inCanada.The miner recovered a parcel of 224 carats from about 680tonnes of kimberlite at the Leslie pipe, its highest-priority area...
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Mining
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May 22, 2017
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Rapaport News
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Canadian Pension Group Mulls Bid for Dominion
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Dominion Diamond Corporation’s share price gained more than3% last week following reports that the Canada Pension Plan InvestmentBoard (CPPIB) was considering making a bid for the miner.CPPIB is studying Dominion’s books and...
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Mining
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May 15, 2017
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Rapaport News
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Dominion Upbeat Despite Sales Decline
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Dominion Diamond Corporation saw a 21% slump in sales during the fiscal year that ended January 31, with lower-quality production at its two Canada mines leading to reduced revenue. Nonetheless, it expressed optimism Wednesday about...
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Mining
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Apr 13, 2017
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Rapaport News
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