Diamonds

Zsa Zsa Gabor’s diamond necklace could fetch up to $1.5 million

By analyst By Andrew Topf A diamond necklace owned by the late actress Zsa Zsa Gabor is expected to sell for between $1.2 and $1.5 million at auction. Forbes reported on Friday that the stunning necklace, made by Harry Winston in 1964, features 66 carats of diamonds – some weighing as much as 8 ...

Giant diamond sells for $33.7 million

By analyst By Valentina Ruiz Leotaud The largest-ever D-flawless diamond to be put up for auction, the “Creation 1,” sold for $33.7 million Tuesday night during an auction at Christie’s in Geneva. “Early spectrographic testing at the Gemological Institute of America in New York declared ...

Second large diamond in a year unearthed in Sierra Leone

By analyst By Andrew Topf Another huge diamond has been released from the Earth’s clutches following an astounding discovery in the West African country earlier this year. Sierra Leone’s Minerals Agency announced on Saturday that a 476-carat diamond was discovered in the Kono district – the ...

India’s NMDC joins the race for $9bn diamond project

By analyst By Cecilia Jamasmie India’s state-owned NMDC, the country’s largest iron ore producer and exporter, is about to be one of the latest big names in the local mining sector to bid for the massive Bunder diamond project, from which Rio Tinto (ASX, LON:RIO) exited early this year. Sou ...

Proposed $80bn Canadian coast-to-coast infrastructure gets senate attention

By analyst By Nadia Lepak Half a century ago, the idea for a coast-to-coast infrastructure that links the Canadian far north with the rest of the country was first proposed. Today, Canadian engineers still see great value in this project, arguing that it would boost access to resources. Seeing ...

Solid demand for large stones boosts Gem Diamonds sales

By analyst By Cecilia Jamasmie Sales from Africa-focused Gem Diamonds’ (LON:GEMD) iconic Letšeng mine increased sharply in the third quarter as improved demand for high-value rough precious rocks boosted prices, the company said Tuesday. The Lesotho-based mine’s sales jumped by 19% year on y ...

Canadian Mining Hall of Fame welcomes four new inductees for 2018

By analyst By Nadia Lepak Since 1988, the Canadian Mining Hall of Fame has been recognizing and celebrating outstanding achievement in the Canadian mining industry. On January 11 the CMHF will be welcoming four new members to its prestige group at the 30th Annual Dinner and Induction ceremony. ...

Why I Changed My Mind on Bitcoin

By Ray Blanco This post Why I Changed My Mind on Bitcoin appeared first on Daily Reckoning. Friday of last week, I wrote about the enormous impact blockchain technology could have on retail transactions. Verifications blockchain tech makes possible could end counterfeiting. It could end lost or ...

Company News – Tue 17 Oct, 2017

By Cory Core Drilling Supports Strong Continuity of Conglomerates at Purdy’s Reward Here is the latest news out of Novo. It is encouraging to see the Company adding another drill in the coming week. This is a huge drill program that Novo is under taking. Quinton and his team have explained the ex ...

Stellar Diamonds soars on $1.25 million-sale of Guinea assets

By analyst By Cecilia Jamasmie Shares in West Africa-focused Stellar Diamonds (LON:STEL) skyrocketed Monday after the company said it would sell its Guinea assets to BDG Capital for $1.25 million, about $750,000 short of the price tag agreed in June. The diamond miner has already received $500,00 ...