South African Diamond Fetches Nearly $500,000

South African Diamond Fetches Nearly $500,000

South African Diamond Fetches Nearly $500,000 A 42.26-carat diamond recovered by Canadian junior Tango Mining (TSXV:TGV) fetched nearly $500,000 at the Kimberley Diamond Exchange, last week. In detail, the gemstone was sold on tender for $11,267 per carat. The unnamed diamond was recovered from run of mine gravel at the company’s Oena mine, an 8,800-hectare […]

Rio Tinto to Sell its Largest Pink Diamond

Rio Tinto to Sell its Largest Pink Diamond

Rio Tinto to Sell its Largest Pink Diamond $RIO Rio Tinto (NYSE:RIO) said Thursday is putting up for sale a 3.14-carat, vivid pink diamond at its Y 2018 tender, the largest stone of its color in the history of the annual sale of sparklers from its West Australian-based Argyle mine. The emerald-cut polished stone, named The Argyle […]

Lucapa Found Another Large Diamond in Angola

Lucapa Found Another Large Diamond in Angola

Lucapa Found Another Large Diamond in Angola $LCPDF Australia’s Lucapa Diamond (ASX:LOM, OTCMKT:LCPDF) has discovered yet another large diamond at its prolific Lulo mine in Angola, a 46-carat pink stone, the largest colored gem-quality rock ever recovered there. The company said the gem-quality colored diamond eclipsed both the 43-carat yellow gem found in January and the almost 39-carat pink dug up […]

3.47 Carat Blue Diamond Breaks World Record

3.47 Carat Blue Diamond Breaks World Record

3.47 Carat Blue Diamond Breaks World Record $BID A cut-cornered rectangular step-cut fancy intense blue diamond weighing 3.47 carats set a price-per-carat world record for a blue diamond after it sold for $1.9-M/carat to reach almost $6.7-M at Sotheby’s Magnificent Jewels Auction. The gem’s final price nearly 3X’d Sotheby’s (NYSE:BID) pre-sale estimate of between $2 and 2.5-M […]

Lucara Diamond (OTCMKT:LUCRF) Unearthed a 472 carat Diamond

Lucara Diamond (OTCMKT:LUCRF) Unearthed a 472 carat Diamond

Lucara Diamond (OTCMKT:LUCRF) Unearthed a 472 carat Diamond $LUCRF Lucara Diamond (OTCMKT:LUCRF) recovered a 472 carat, top light brown gem diamond from its 100% owned Karowe Diamond Mine located in Botswana. “In 2018, mining at Karowe is focused in the high value south lobe, which consistently delivers large, high quality diamonds in excess of 10.8 […]

Gem Diamonds Digging Up Big Rocks This Year 

Gem Diamonds Digging Up Big Rocks This Year 

Gem Diamonds Digging Up Big Rocks This Year $L.GEMD Africa-focused Gem Diamonds (LON:GEMD) is having an extraordinary year so far as the small miner continues to find precious rocks bigger than 100 carats at its flagship Letšeng mine in Lesotho. Last Wednesday, the England-based company said it had dug up a 152-carat, top white color type IIa diamond, the […]

Alrosa Finds Giant Gem Quality Pink Diamond

Alrosa Finds Giant Gem Quality Pink Diamond

Alrosa Finds Giant Gem Quality Pink Diamond MCX:ALRS, $BID Russia’s Alrosa (MCX:ALRS), the world’s #1 diamond producer by output in carats, has unearthed 27.85-carat Pink precious stone the company believes could be the most expensive it has ever found. Alrosa is trying to decide on whether to sell this Pink stone as a rough diamond, or cut […]