It’s been a busy couple of days on the Canadian diamond exploration front, even as rough prices for diamonds grind lower in response to a slowing global economy. Rio Tinto this week cut back on diamond production at its Argyle mine in Australia, the world’s largest source of fancy pink diamonds, and expects to produce 18… Continue Reading
One of the only times a junior explorer turned up a rough diamond while drilling, shares in Gren Thomas’s Aber Resources climbed from pennies to nearly $50 per share. That was 20 years ago. This morning, Kennady Diamonds Inc., announced that they had found a .94 ct diamond while drilling their project in NWT, and so… Continue Reading
The diamond sector has been ignored for over a decade, following a slew of major diamond discoveries in the last cycle including Ekati and Diavik which made prospectors and investors involved in those finds wildly wealthy. Today, the landscape is improving for diamond exploration, especially in the Canadian Arctic. However, there are still only a handful willing… Continue Reading
