Star Diamond acquires Buffalo Hills project in Alberta
Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.
The IDEX Online Polished Diamond Index averaged 132.1 in May, setting a new record, as polished diamond prices continue to rise. The record surpassed the prior record level both last month and in the pre-recession period of the late summer of 2008.
On a month-over-month basis polished diamond prices rose by 1.1% in may, based on average asking prices during both months. This was one of the larger price increases in the past two years. This gain is in line with the average of prior monthly gains in the past year or so.
