Small Diamonds Lead Price Gains in September
1-carat RAPI rises for second straight month.
Category: Mining
Recovered ore down to 1.1 million carats over the past nine months, after Diavik mine closed in March.
Miner sells 91% of lots at an average of $565 per carat, up 102% from previous sale.
Retailers are in discussions with GDC to join the group.
Agreement between African country and leading bidder could pave the way for Anglo American to exit the diamond business.
Dutch private equity investor Kenzoll Capital partners with MSF Commercials to revive activities at the deposit, which holds 10.5 million carats of diamond resources.
Miner offloaded three of its four deposits over past two years to secure funding.
Transfer of 49% stake will resolve all Canadian miner’s outstanding debt with its joint-venture partner.
Miner reports earnings of $600,000 compared to a deficit of $11.7 million in the first half of 2025.
The initiative begins in March 2027, aiming to give companies in Smolensk and Yakutia access to higher-quality rough.
Figure up 18% year on year to $31.3 million in second quarter.
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