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Iherzolite
De Beers Identifies New Kimberlite Indicator
The discovery of a new source-rock indicator for diamondformation has the potential to help geologists locate and identify valuablediamond deposits around the world, a study by the University of Alberta and DeBeers shows. “The outcome of the...
Mining Jun 27, 2019 Leah Meirovich
De Beers sight box
De Beers Reduces Sightholder Supply
De Beers sightholders are bracing for lower rough supplyfor the rest of 2019 as the miner reduces its production and fulfills itscommitments to support local manufacturing in Africa.The company expects production to drop as its Victor minein...
Rough Markets Apr 08, 2019 Joshua Freedman
De Beers Victor Mine
De Beers’ Victor Mine Shuts Its Doors
De Beers has sent out the final ore-haul truck from itsVictor mine in Canada, exactly 11 years to the day after the site’s opening. The last load was driven by Nancy Wesley, who has worked...
Mining Mar 27, 2019 Rapaport News
De Beers Victor Mine
De Beers to Shut Victor Mine in 2019
De Beers will cease production at the Victor mine in Canadain the first quarter of 2019, the company said Wednesday. The asset in Ontario, where production started in July 2008,will continue to operate at full capacity until the...
Mining Nov 02, 2017 Rapaport News
Renard Stornoway Birks polished
Birks Shows Canada Pride with Renard Line
Canadian jewelry retailer Birks Group has partnered withrough producer Stornoway Diamond Corporation to sell stones from the new Renardmine in Quebec.Birks launched a showcase of the first 200 diamonds from themine at its Montreal flagship...
Retail May 14, 2017 Rapaport News
small ice road
Victor Mine Eliminates Oil Waste With Kidney Looping
De Beers Canada's Victor diamond mine completed its first year of cleansing equipment oil through the kidney looping process to reduce waste and costs as part of the company's sustainability goals. The operations team cleanses...
Mining Jan 20, 2014 Jeff Miller
Crossworks Manufacturing
Crossworks Secures Capital for Expansion
First West Capital will fund a multi-million dollar expansion deal for Canada-based diamond manufacturer Crossworks Manufacturing. The funding will be used to expand Crossworks' cutting, polishing and manufacturing operations in order to accommodate growth from...
Rough Markets May 03, 2012 Deena Taylor
Rapaport TradeWire July 2, 2010
RAPAPORT NEWS SERVICE | JULY 2, 2010 www.rapaport.com | news@rapaport.com
Mining Jul 01, 2010 Rapaport
Charm Diamond Centres to Offer Ontario Diamonds
Charm Diamond Centres in Nova Scotia received the right to carry diamonds mined, cut and polished in Ontario, Canada. The company's diamonds are mined at the De Beers Victor mine and then cut and polished by Crossworks Manufacturing in Sudbury. The finished stones will be sold at select Charm...
Retail Jun 29, 2010 Jeff Miller
Diamond News Broadcast
Zale's revenue dropped by single digits for third fiscal quarter and it continued to operate at a loss. U.S. chain-store sales this past week certainly turned softer than they've been, and year to year comparisons will be getting tighter from this point forward. The Conference Board found...
Manufacturing May 26, 2010 Rapaport News
Rapaport TradeWire May 7, 2010
RAPAPORT NEWS SERVICE | MAY 7, 2010 www.rapaport.com | news@rapaport.com
Research May 06, 2010 Rapaport
De Beers Canada Spends $292M With Local Suppliers
De Beers Canada reported that it spent $292 million on goods and services for the Snap Lake and Victor mines in 2009. The company spent $152 million on operations contracts at Snap Lake, 74 percent of which was supplied by northern businesses and 51 percent of which was provided by aboriginal suppliers....
Mining May 03, 2010 Avi Krawitz
Rapaport TradeWire Apr. 30, 2010
RAPAPORT NEWS SERVICE | APRIL 30, 2010 www.rapaport.com | news@rapaport.com
Mining Apr 29, 2010 Rapaport
Crossworks Schedules Polished Tender in Toronto
Crossworks Manufacturing Ltd. plans to hold its first polished diamond tender for stones that originated from the De Beers Canada Victor mine in Ontario. The tender, which runs May 3-5, 2010, is by invitation only and the event will be held at the Diamond Bourse of Canada in Toronto....
Polished Markets Apr 23, 2010 Jeff Miller
Rapaport TradeWire Apr. 23, 2010
RAPAPORT NEWS SERVICE | APRIL 23, 2010 www.rapaport.com | news@rapaport.com...
Mining Apr 22, 2010 Rapaport
Diamond News Broadcast
View the major U.S. retail sales predictions for Christmas season side-by-side in this broadcast. Remember though, even in a down economy, news is not all bad. Consumers are expected to spend more than $440 billion, which is a healthy amount under any circumstance. Crossworks Manufacturing opened a new diamond...
Mining Oct 14, 2009 Rapaport News
De Beers May Need More Loans
De Beers May Need More LoansChristopher LaFemina, an analyst at Barclays Capital, wrote a note concerning the drag that De Beers may exert on parent company Anglo American. He stated that Barclays is concerned that more shareholder loans may be necessary to keep De Beers afloat, adding that Barclays believes diamond...
Mining May 01, 2009 Rapaport
Rapaport TradeWire - Friday, April 10, 2009
Rapaport TradeWire - Friday, April 10, 2009News: DTC March sight estimated at $200 mil. with pickup in demand and prices for rough diamonds. De Beers cuts DRC exploration and significantly reduces London staff. ALROSA to sell $500 mil. in rough to 15 Antwerp firms in '09. S&P suspends credit...
Mining Apr 10, 2009 Rapaport
SunDiamond to Open Ontario Diamond Cutting Facility
HRA-SunDiamond is setting up the first diamond cutting and polishing facility in Ontario, Canada, according to the province’s ministry of northern development and mines. The ministry said the factory, operated by SunDiamond's subsidiary Crossworks Manufacturing, will be completed later this year and will employ about 50 people. Crossworks...
Mining Apr 07, 2009 Avi Krawitz
Rapaport TradeWire - Friday, March 27, 2009
Rapaport TradeWire - Friday, March 27, 2009 News: Prices stabilizing as market conditions improve for small to medium sizes up to 3 cts. Large stone liquidity remains problematic with some improvement in trading activity as sellers accept new price realities. Rough tenders bringing higher prices which may not...
Mining Mar 27, 2009 Rapaport
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