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Canada: The Diamond Powerhouse

Most people can name the top 5 diamond producing countries in the world.   Russia…check.   Australia…absolutely-check.   A trio of African countries Botswana, the Democratic Republic of Congo and South Africa…check, check and check.   216 more words

Diamonds

Harry Winston upgraded on strong diamond sales

Fresh off reporting better-than-expected fourth quarter results, Harry Winston Diamond Corp. has gotten a ratings boost from Desjardins Capital Markets.

John Hughes, analyst with Desjardins, raised Harry Winston to hold from sell after the diamond producer and retailer posted earnings of US19¢ a share, compared with consensus of US18¢ and Mr. 278 more words

Trading Desk

An IPO shines brightest among Rio’s diamond options

A stock market flotation is likely to top the list of options when Rio Tinto reviews the future of its diamond business, as a shortage of heavyweight buyers prompts the miner to turn instead to funds betting on Asia’s appetite for luxury. 1,005 more words

Investing

Rio Tinto looks to sell diamond business

By Sonali Paul and James Regan

MELBOURNE/SYDNEY – Rio Tinto, the world’s third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at US$1.2-billion, and joined rival BHP Billiton in backing away from a business that has lost its sparkle. 472 more words

Investing

Canadian Arctic fails to yield diamond boom

When huge diamond deposits were discovered in the Canadian Arctic in the early 1990s, geologists were optimistic there would be many more to come.

It didn’t happen. 547 more words

Investing

7 Beautifull Hole in the world

kimberley big hole – south africa

mirny diamond mine – siberia

bingham canyon mine – utah

glory hole – monticello dam

Diavik mine – Canada… 6 more words

Science