Petra Diamonds delays release of probe into human rights

According to Rapaport, the price of 1-carat diamonds slid by 1% year-to-date and the price of 3-carat diamonds fell by 6.1% year-to-date.

Lucara, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.

Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study.

The Canadian company is taking on industry giants such as De Beers and Alrosa PJSC with an online platform to replace the current physical auctions.

Production dropped 6% in the quarter.

The 1,758-carat diamond is larger than a tennis ball and weighs close to 352 grams (12.42 ounces).

Ernst & Young’s Canadian Mining Eye index — which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior mining companies — rose 5% fin the January-March period.

After almost three years of rating the mining giant’s stock as overweight, JPMorgan downgraded it to neutral on Wednesday.

The document divides operations into six levels, from zero (entirely manual) to five (fully autonomous), and assists in the preparation of a business case for autonomous mining, depending on level and needs.