ROUGH diamond prices all time highs

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    This story reminds me of the Merlin Diamond Project that I worked on with Ashton Mining in the 1990s. The Merlin project is one of the best diamond projects not to have been developed. Merlin is a low hanging fruit in regards to the stage of a diamond project. What I like about Lithoquest is that they have discovered something different. If the indicator minerals are pointing to the source rock taping that elusive diamond stability field, then we are indeed looking at total different potential

  2. 44
    Posts

    isn't this cactus...have to be nut job thinking it will survive.

  3. 3.6k
    Posts

    This story reminds me of the Merlin Diamond Project that I worked on with Ashton Mining in the 1990s. The Merlin project is one of the best diamond projects not to have been developed. Merlin is a low hanging fruit in regards to the stage of a diamond project. What I like about Lithoquest is that they have discovered something different. If the indicator minerals are pointing to the source rock taping that elusive diamond stability field, then we are indeed looking at total different potential

  4. 3.6k
    Posts

    Lucapa in Talks to Buy Merlin Diamond Mine
    Dec 24, 2020 5:08 AM By Rapaport News
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    RAPAPORT... Lucapa Diamond Company is in advanced negotiations to acquire the Merlin mine in Australia after the site’s owner entered liquidation earlier this year.

    “The Lucapa board considers that Merlin would be complementary to the company’s existing niche operating mines and exploration projects in Angola, Australia, Botswana and Lesotho, and is a development opportunity that would significantly benefit from the proven capability of Lucapa’s experienced development and operational teams,” the company said Thursday.

    The Merlin mine, located in Australia’s Northern Territory, is a multi-pit operation, with the potential to move underground, Lucapa noted. The company also believes there is “considerable exploration potential” in a significant number of possible exploration areas at the mine that the previous owner did not exploit.

    Merlin Diamonds, the current owner, was suspended from the Australian Stock Exchange (ASX) in 2018. In April 2020, an Australian federal court declared the company insolvent and appointed liquidators to sell off its assets.

    The mine, which Rio Tinto also owned in the past, was the source of Australia’s largest rough diamond, weighing 104.73 carats. It produced diamonds from 1998 to 2003, reopening in 2016, though it is not currently operational.

    Lucapa has moved into the final stage of negotiations following a period of due diligence and a competitive bid process, it said. However, the deal will not be definite until the legal documentation has been signed, the company noted.

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    Rio Tinto’s 2020 Argyle Pink Diamonds Tender Achieved “Record Results”
    The tender achieved a “double digit price growth and a record number of participants”

    הדפס
    30.12.2020World
    pink red diamonds argyle
    Credit: Rio Tinto
    Rio Tinto’s 2020 Argyle Pink Diamonds Tender, which included a collection of 62 rare pink, red, blue and violet diamonds from the famous Argyle mine in Australia, has delivered “a record result”, according to Rio Tinto as quoted by Rough & Polished. The prices achieved for the stones, however, have not been published.

    Argyle Pink Diamonds Tender
    Credit: Rio Tinto

    The tender achieved a “double digit price growth and a record number of participants with successful bidders from eight countries”. The highlight of the lot was a 2.24-carat stone named Argyle Eternity™ – the most valuable Fancy Vivid diamond in the Tender’s 37 year history. It was sold to Hong Kong fancy coloured diamond specialist, Kunming Diamonds.

    argyle pink diamonds
    Credit: Rio Tinto

    Other record breaking diamonds included the Argyle Infinite™, a 0.70-carat oval Fancy Dark Violet-Gray diamond – the most valuable diamond in this colour category ever produced at the mine. The tender also includes the “ Petite Suites” collection – 12 miniature rare Argyle pink, red, blue and violet diamonds, weighing 13.90 carats in total.

    The 2020 Argyle Pink Diamonds Tender was the penultimate Argyle tender, with a final Argyle Pink Diamonds Tender scheduled for 202

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    Bouncing Back: India’s Diamond Exports Reach $1.1 Billion in November
    Exports reached more than $1.1billion - a jump of 92% year-on-year

    הדפס
    7.01.2021World
    India Gems Diamonds
    Credit: David Talukdar / shutterstock.com
    Diamond exports from Surat, the world’s largest diamond cutting and polishing center, almost doubled in November, IDEX Online reports.

    India wedding diamond ring
    Credit: Sukpaiboonwat / shutterstock.com

    In November 2019, India exported diamonds worth $620 million. In November 2020, exports reached more than $1.1 billion – a jump of 92% year-on-year, the Gem and Jewellery Export Promotion Council (GJEPC) reported.

    Indian Jeweler
    Credit: Kalcutta / shutterstock.com

    After suffering from lockdowns and reduced operational capacity for months due to the COVID-19 pandemic, Surat’s 7,000 manufacturing units took “only a five-day break for Diwali last month and buoyed by demands for Christmas and the Chinese New Year (February 2021)”. According to Dinesh Navadiya, regional GJEPC chairman, “after COVID-19 lockdown, the diamond industry is getting back on track from November first week”.

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