Latest Diamond Market News

Newfield Resources Limited reports a strategic pivot for its Tongo Diamond Mine, engaging a joint development partner to reduce costs and delay bulk sampling amid a depressed diamond market.

Newfield Resources clarifies its $10 million loan facility status, postpones key sampling work, and updates on ongoing dispute with Octea Limited, signaling cautious navigation through financial and operational challenges.

Lucapa Diamond Company reports a 5% increase in diamond production at Lulo alongside a strategic restart plan and compelling base metals discoveries at its Merlin project, supported by a recent capital raise and leadership change.

Burgundy Diamond Mines reported a dip in Q4-2024 production and revenue amid operational transitions but maintains a bullish outlook for 2025 driven by strategic mine development and market recovery.

Burgundy Diamond Mines met most operational and revenue targets in 2024 but missed EBITDA guidance by 6%, while preparing the Point Lake open pit for ore production in early 2025.