Ekati Mine Faces Possible Water License Suspension
August 25, 26
Canada's Ekati diamond mine could be forced to halt all activity if its water license is suspended after a regulator accused it of dumping unauthorized mining material. The Wekeezhii Land and Water Board said its court-appointed receiver ... Read More...
Swiss Watch Exports Rise 9.6%, Led by US Surge
August 25, 26Swiss watch exports increased by 9.6% in July to CHF 2.6 billion (USD 3.3 billion), driven by a 26.5% surge in shipments to the United States as exporters and retailers brought forward deliveries ahead of a new tariff regime. The US introduced tariffs of up to... Read More...
Two Arrested after Jewelry Ram-Raid Leaves Employee Dead
August 24, 26Two men have been arrested over a ram-raid at a jewelry store in Sacramento County, California, USA, that left a 72-year-old employee dead. The man was working at Chinna Jewelry, a family-owned and -operated business, on April 18, when he was struck by... Read More...
De Beers Sale Could Face 18 Months Of Regulatory Reviews
August 24, 26The long-awaited sale of De Beers could easily take 18 months to clear regulatory hurdles, says Duncan Wanblad, CEO of parent company Anglo American, once a deal is finally agreed. He told Miningmx, the South African mining publication, that such.... Read More...
Mountain Province Q2 Losses Widen to $87m
August 23, 26Mountain Province Diamonds posted a net loss of CAD120.6 million (USD 86.9 million) for the quarter ended 30 June as it faced a sharp drop in diamond prices and unrealized foreign-exchange losses from a weaker Canadian dollar. That's an increase of ... Read More...
Memo by John Jeffay
August 20The world's second-biggest rough diamond has, finally, found a buyer. The discovery in August 2024 of what is now known as the Motswedi diamond, at Lucara's Karowe mine, in Botswana, grabbed headlines far beyond the diamond media. At 2,488 carats ... Read More...