UPDATE - Diamondcorp unearths largest diamond yet from undeground drive at Lace
The 19.83 carat diamond was found during the current push to develop the high grade Upper K4 (UK4) block, where full mining is expected in the second half of the year.
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UPDATE - Gemfields hails 'overwhelming' response to latest ruby auction
The latest auction of lower quality rubies from Gemfields' 76%-owned Montezpuez asset generated an overwhelming response.
Gemfields' Kagem pit has greater expansion potential than previously thought
“We have renewed confidence in the open pit and future mine plan,” the Numis analyst said after a return visit to Kagem, the world’s largest emerald mine.
UPDATE - Faberge orders surge as Gemfields revives egg tradition
Orders at the luxury jeweller rose by 64% and Gemfields chief executive Ian Harebottle, said it had received an “overwhelmingly positive” response to its new products.
UPDATE - Stellar Diamonds lodges application as it fleshes out Tongo fast track plan
Tongo has a net present value on current estimates on US$75mln assuming an average 120cpht and US$270/ct price.
UPDATE - Stellar Diamonds to switch to fast-track Tongo development
US$20mln in funding to be sought from non-dilutive project debt structures as company readies licence application and new mine plan.
Stornoway Diamond remains on track for initial production next year
Construction for Stornoway Diamond's (TSE:SWY) Renard mine in Quebec remains on track and on budget for initial production in the second half of 2016.
UPDATE - Paragon Diamonds explores acquisition of second mine in Lesotho
Due diligence is being carried out on the kimberlite resource at the mine, with the appeal being the possibility of substantial scale economies from ownership of two mines, said Paragon