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ALROSA Recovers 75-Carat & 110-Carat Rough Diamonds In Yakutia

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Russian state-controlled Diamond miner ALROSA said it had recovered two large rough diamonds — a 75-carat stone on July 16 at its Aikhal mine and a 110-carat one on July 18 at its Mirny mine, both in the Yakutia region. Preliminary estimates indicate that both rough diamonds are gem-quality. They are octahedron crystals with small […]

ALROSA Reports $2.2B Profit For 2016, Pays $1.12B In Dividends

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Russian state-controlled diamond miner ALROSA reported a net profit of RUB 131.4 billion ($2.2 billion) for 2016. Half of this, or RUB 65.77 billion ($1.12 billion) is being paid out as dividend to its shareholders, which include the Russian government and local governments in the Yakutia region. A 10.9 percent stake in the company was […]

Pallinghurst Nears Gemfields Takeover As Board Bows To Inevitable

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A day after Pallinghurst shareholders who also hold stakes in Gemfields voted in favour of selling their stakes in the latter to the former, the Gemfields board bowed to the inevitable and recommended that shareholders seriously consider the Pallinghurst buyout offer. The vote by shareholders to sell their stakes to Pallinghurst, nullified a rival buyout […]

Richland Appoints First ‘Sightholders’ For Capricorn Sapphire Mine

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With its Capricorn sapphire mine in Queensland, Australia, now operational, Richland Resources Ltd. says it has appointed its first two “Sightholders” — Royal Touch LLC and China StoneCo. Ltd. Royal Touch LLC has had a long and successful working relationship with Richland and was previously a Sightholder for Richland’s tanzanite mining operations in Tanzania. It […]

Mountain Province Achieves Best Prices To Date At Gahcho Kué Tender

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Mountain Province Diamonds, the 49 percent partner with De Beers in the Gahcho Kué diamond mine located in Canada’s Northwest Territories, reported earnings of $21.1 million from its recently concluded fifth sale of 2017. An overall average of $95 per carat was achieved at the sale, but Mountain Provinces said that the sale of selected […]

Gitanjali Offers Branded Jewellery In Reliance Retail Lifestyle Stores

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The Gitanjali Group, which owns a raft of Indian and global brands and boasts thousands of retail points of sale in India and around the world, has entered into a partnership with Reliance Retail, part of the giant Reliance industrial group, to sell branded jewellery at the newly-launched Project Eve retail initiative. Project Eve is […]

First Jewellery Made From Responsibly Sourced Gold Imported To Canada

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A milestone in responsible sourcing was achieved when Partnership Africa Canada (PAC) and Fair Trade Jewellery Co. announced the production of jewellery from the first import of conflict-free and traceable artisanal gold from the Democratic Republic of Congo (DRC) to Canada. The import comes a month after Partnership Africa Canada announced the Just Gold project […]

Rio Tinto Signs Option On New Canadian Diamond Project

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Rio Tinto has signed an option agreement with Shore Gold Inc. giving it three years to spend $18.5 million on drilling and bulk sampling at the latter’s Star-Orion South Diamond Project, 60 kilometres east of Prince Albert in Canada’s Saskatchewan region. The agreement allows Rio Tinto to move to becoming a joint-venture partner once the […]

Rio Tinto Signs Option On New Canadian Diamond Project

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Rio Tinto has signed an option agreement with Shore Gold Inc. giving it three years to spend $18.5 million on drilling and bulk sampling at the latter’s Star-Orion South Diamond Project, 60 kilometres east of Prince Albert in Canada’s Saskatchewan region. The agreement allows Rio Tinto to move to becoming a joint-venture partner once the […]

Gemfields Board Recommends Fosun Offer Despite Terming It Unfair

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The battle for the takeover of coloured gemstone miner Gemfields has hotted up, with Hong Kong-based Fosun Gold raising its offer to £256 million in cash from the £224.6 million offered a week ago. Fosun’s all-cash second offer places a 10.8 percent premium on Gemfields’ share price on June 19. The Gemfields board says the […]

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