Canada News

Diamond production fell 5% to 8.7 million carats as well as rough sale volumes

CEO: "A good result considering the current market and time of the year"

The Diavik Stars are three rough diamonds mined at Canada’s Diavik mine

De Beers completed the acquisition of Peregrine Diamonds for $82.36 million

The takeover was approved by Peregrine security holders last Friday

The miner posted a net loss of $27 million for the second quarter of the year

Peregrine owns the Chidliak diamond mine in Canada’s Nunavut Territory

De Beers sold 10 million carats from three sales cycles in Q2 2018

Diamond production at Argyle rose 8% year-on-year to 3,476,000 carats

399,135 carats were sold in three tender sales, but production was lower than expected

The mine has exceeded projections, producing approximately seven million carats to date

North Arrow Minerals Inc. has found diamonds at its Mel Diamond Project in Nunavut, Canada

Stornoway Diamond Corporation has appointed Orin Baranowsky as Chief Financial Officer

84-year-old finds engagement ring wrapped tightly around a carrot in her garden