Diamond miners face turning point amid weak prices — reportMcKinsey & Co. consultants say current downturn presents significant challenges, but it also offers a chance for reinvention.Cecilia Jamasmie | November 26, 2024 | 9:23 am
Alrosa announces new agreement with Russian state diamond fundThe fund will receive the new diamonds by the end…Reuters | November 26, 2024 | 6:42 am
Russia to continue buying diamonds through state fund in 2025The Russian budget for 2025-2027 has set aside $1.55 billion…Reuters | November 21, 2024 | 10:11 am
Angola diamonds not under sanctions but Russia link is obstacle Angola’s state-owned diamond producer said some clients were deterred by its partnership with Alrosa. Bloomberg News | October 4, 2024 | 6:58 am
Rio Tinto’s Diavik diamond mine moves into commercial production underground The miner said last year it was going ahead with a $40 million expansion of Diavik, which will extend the operation’s life to at least early 2026. Staff Writer | October 3, 2024 | 3:04 pm
Rio Tinto launches ‘Colour Awakened’ historic collection from Argyle diamond mine The collection is headlined by seven “Old Masters”, notable historic diamonds from the Argyle mine that operated from 1983 to 2020. Staff Writer | October 2, 2024 | 4:16 pm
Burgundy Diamond halts Sable expansion plans at Ekati in Northwest Territories Earlier this year, the company told the CBC that "the financial viability and sustainability" of its business are at risk without the Sable underground project. Staff Writer | September 25, 2024 | 4:31 pm
Karelian closer to finding green diamond source in Finland Irish explorer has completed a detailed excavation program in the Kuhmo region, where it found a rare green diamond in 2022. Cecilia Jamasmie | September 25, 2024 | 3:48 am
Rio Tinto offers early termination to Diavik employees to save costs The diamond mine is slated to close in the first quarter of 2026. Staff Writer | September 24, 2024 | 10:54 am
Petra Diamonds adjusts strategy amid 2024 market challenges The diamond miner dealt with headwinds in fiscal year 2024 with strategic cost reductions and operational adjustments. Cecilia Jamasmie | September 24, 2024 | 3:42 am
Gem Diamonds’ Letšeng mine yields 212-carat stone It is the 13th diamond over 100-carat unearthed this year at the Lesotho mine. Staff Writer | September 23, 2024 | 3:55 am
FATF asks for tighter checks on India’s precious metal deals The South Asian nation has about 175,000 businesses in this sector, but only some 9,500 are registered. Bloomberg News | September 19, 2024 | 8:56 am