Alrosa recovers first rough diamond over 50 carats from new Yakutia deposit

The parties agreed to exchange information on polished diamond identification and grading, joint research toward new technologies for diamond cutting and polishing.

"We've seen a lot of people who were involved with the initial diamond rush in the early 90s come back to us."

If a junior mining company is in a dire enough situation, they may hit the “reset” button and rollback their stock.

Synthetics are coming.

The mining industry employed more than 380,000 people in 2013, accounting for one in every 47 jobs in Canada.

The miner also said it aims to increase sales by 1% percent in 2015, taking advantage of rising production and using offtake from its stock.

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.