Victor Mine To Be Closed By De Beers in 2019

 

Production will cease at the De Beers Victor mine in Canada in 2019, the company announced Wednesday. 

The Diamond Mine in Ontario started production in July 2008 will continue to operate until the open pit is exhausted. This is in line with the company’s original study of mine and the plan for the project.
The mine has yielded 7 million carats of rough exceeding the forecast of 6 million carats predicted for its life of mine.

De Beers discovered the Victor kimberlite cluster in 1987 the first economically viable mine in Canada.

Source: DCLA 

Victor Mine To Be Closed By De Beers in 2019

 

Production will cease at the De Beers Victor mine in Canada in 2019, the company announced Wednesday. 

The Diamond Mine in Ontario started production in July 2008 will continue to operate until the open pit is exhausted. This is in line with the company’s original study of mine and the plan for the project.
The mine has yielded 7 million carats of rough exceeding the forecast of 6 million carats predicted for its life of mine.

De Beers discovered the Victor kimberlite cluster in 1987 the first economically viable mine in Canada.

Source: DCLA 

$42M Expected For Pink Diamond At Christie’s Auction

An Oval Cut Fancy Vivid Pink Diamond  goes under the hammer at the Christie’s Magnificent Jewels sale this month.
The 14.93 carat  Type IIa VVS1 clarity  Oval Diamond, named the Pink Promise is estimated to sell for between $28 million to $42 million USD.

Source: DCLA 

$42M Expected For Pink Diamond At Christie’s Auction

An Oval Cut Fancy Vivid Pink Diamond  goes under the hammer at the Christie’s Magnificent Jewels sale this month.
The 14.93 carat  Type IIa VVS1 clarity  Oval Diamond, named the Pink Promise is estimated to sell for between $28 million to $42 million USD.

Source: DCLA 

De Beers Will Close Four Namibian Diamond Mines

Due to resources dwindling Beers’ joint ventures will close four diamond mines by 2022.

Namdeb is a DeBeers project with the government of Namibia, Will close the Elizabeth Bay mine at the end of 2018 followed by the Daberas deposit at the end of 2019 and Sendelingsdrif in 2020. The main asset  Southern Coastal will close in 2022.

Production saw a shift to offshore assets this past year. For the first nine months of 2017, Debmarine’s production surged 22% to 1.1 million carats.

Subdued world economic growth will make the next few years challenging, mainly due to negative impacts forecast in exchange rates and other indices.

Source: DCLA 

De Beers Will Close Four Namibian Diamond Mines

Due to resources dwindling Beers’ joint ventures will close four diamond mines by 2022.

Namdeb is a DeBeers project with the government of Namibia, Will close the Elizabeth Bay mine at the end of 2018 followed by the Daberas deposit at the end of 2019 and Sendelingsdrif in 2020. The main asset  Southern Coastal will close in 2022.

Production saw a shift to offshore assets this past year. For the first nine months of 2017, Debmarine’s production surged 22% to 1.1 million carats.

Subdued world economic growth will make the next few years challenging, mainly due to negative impacts forecast in exchange rates and other indices.

Source: DCLA 

SELLING YOUR DIAMOND

DCLA can help you sell or auction your diamond jewellery and get you the correct value:  DCLA Laboratory Diamond Selling Advice.
If you are you considering selling your diamond, but feel as though you have no idea how or where to begin with the process?
This article will give you a few tips to help you along the way.

Read article: DCLA DX

DCLA Diamond Laboratory provides an internationally recognised and respected report to any seller or prospective buyer.

DCLA will provide you with an experience expert to advise you and give you the accurate value protecting you when selling.

Our goal is to provide you with as much knowledge as possible.

Visit www.dcla.com.au for information advice or to make an appointment.

Or call us on 1300 413 425 or Sydney 02 92612104