Diamond News Archives

World’s top diamond producer by output Alrosa (MCX:ALRS) made $90 million in six auctions held in Israel this year.

The auctions were for large rough diamonds, with the latest one focusing on special size gems larger than 10.8 carats and fetching $17 million. Even though 100 companies from Israel, Belgium, Hong Kong, India, UAE, the US, and Russia were invited to participate, 44 took home the coveted stones.

In a press release, the Russian miner said that only in the November 4-22 auction, 105 gem-quality rough diamonds were sold with a total weight of 1906 carats.

"The results of this year's last auction in Israel confirm the stable demand for our products in this country – the total starting price has been significantly exceeded," Evgeny Agureev, Director of the USO ALROSA, said in the media brief.

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References

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(IDEX Online) – Lightbox, the De Beers Group laboratory-grown diamond jewelry company, kicked off Cyber Week with the opening of its first pop-up store at The Oculus, Westfield World Trade Center on Monday. <?xml:namespace prefix = "o" ns = "urn:schemas-microsoft-com:office:office" /?>

Lightbox General Manager Steve Coe and Head of Marketing Sally Morrison were joined by models from the brand's advertising campaign for a lighting ceremony.

For Cyber Week, shoppers will have the opportunity to view the launch collection from Lightbox (currently only available online) featuring pendants and stud earrings set with pink, pale blue and white lab-grown diamonds.

The jewelry is set in either silver or rose gold and Lightbox's easy-to-understand linear pricing model is highlighted within the space. Prices start at just $200 for a quarter carat and range up to $800 for one-carat total weight, plus the cost of the setting.

Visitors to the pop-up can try on jewelry from the collection. Brand ambassadors are on hand to facilitate online orders through the Lightbox website and all orders placed at the pop-up will receive free expedited shipping. The pop-up structure also features an interactive selfie video wall where visitors can share a moment....

Metals Creek Resources (TSXV: MEK) today announced that the company has begun diamond drilling on 10 patented mining claims on the Garrison project northeast of Kirkland Lake, Ontario.

The Garrison Project is contiguous with Osisko Mining to the west, south and east and contiguous with Kirkland Lake Gold to the north.

The diamond drill program will consist of 5 holes targeting several induced polarization (IP) anomalies outlined in the company’s geophysical program this month. One of these IP anomalies is co-incident with several historic holes.

Metals Creek can earn a 100% interest in the patents by making cash payments totaling $310,000 over four years following the execution of the LOI. The vendors will retain a 2% NSR which the Company can purchase 1% for $1 million.

The company’s stock jumped 12% Wednesday, following the announcement.

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