A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board.
Kennady Diamonds Acquires 6 Mining Leases in Canada
Comprising roughly 4,233 hectares in the Northwest Territories, the leases adjoin the southern border of De Beers’ Gahcho Kué mine.
Vancouver, B.C.--Kennady Diamonds announced that it has acquired six mining leases from GGL Resources Corp. in the Northwest Territories for a cash sum of $200,000.
The leases adjoin the southern border of De Beers’ Gahcho Kué mine, comprising roughly 4,233 hectares to bring the total land position for the Kennady North project to over 71,000 hectares.
They are approximately 168 miles east-northeast of Yellowknife, the capital of Northwest Territories, and also are adjacent to 11 mining leases the company acquired from GGL in 2013.
Of particular interest to the company in its new leases is the “Blob Lake” target, it said, which is located in an unnamed lake a little more than 3 miles southwest of the Gahcho Kué mine. It is defined by indicator mineral and geochemical studies conducted by GGL years ago.
GGL Resources retains a 0.75 percent royalty interest on all mineral products that the property on those six mining leases produces, but at any time before commencement of production, Kennady has the right to purchase one-third of the royalty, or 0.25 percent, for $1 million.
Kennady Diamonds Inc. controls 100 percent of the Kennady North diamond project in the Northwest Territories.
“We are delighted with this acquisition. It is a natural extension to our portfolio and strengthens our land position within the Kelvin-Faraday Corridor,” President and CEO Rory Moore said. “Although our primary focus will remain the Kennady North area, we look forward to testing kimberlite targets within the new leases, beginning with an in-depth review of the historical data.”
The Latest
By the end of this year, SRK’s diamond manufacturing complexes will achieve net zero emissions, one of an impressive array of achievements.
The company plans to invest $25 million in marketing initiatives to boost awareness around its namesake and licensed brands.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
Optimism about the current state of the economy was offset by anxiety around inflation and the political environment.
The former WJA executive director is MFM’s new managing director.
DDG encourages retailers to educate customers on the positive impact of purchasing natural diamonds.
Ho Brothers offers scalable solutions for the future of custom jewelry.
Highlighting the most iconic Tiffany collections, it’s inspired by the company’s late window designer, Gene Moore.
Jen Cullen Williams and Duvall O’Steen explore how jewelers can save time and money by using AI to analyze engagement and create content.
The retailer previously turned down an $8.4 billion offer in 2018.
The Florida store’s owner Miguel Gonzalez is retiring.
The lab stresses the importance of accurate identification, as the difference in price is “substantial.”
The brand also plans to expand its retail footprint from 138 to 200 stores over the next three years.
One is reserved for a NAJA member, the other for a non-member.
Longtime employees Carie Lehrke and Megan Mattice have received promotions.
Three guests joined National Jeweler and Jewelers of America to discuss trending time periods, spotting reproductions, and more.
Chris Clipper and Robert Lepere join the company with 50 years of combined experience.
The trendy, metallic earrings wink at classic spring colors.
JSA said a man and woman pulled the safe out of an Oakland jewelry store but couldn’t quite get it into their van.
The miner’s March auction generated $19 million.
Helen McCluskey will succeed H. Todd Stitzer when he meets his 12-year term limit in June.
“Chopard x Julia Roberts” showcases the first gems cut from the 6,000-carat-plus “Insofu Emerald."
The jewelry giant also posted a double-digit drop in same-store sales for the full year.
Elvis gave the watch to actress Dodie Marshall after filming “Easy Come, Easy Go.”
The Gianmaria Buccellati Foundation Award for Excellence in Jewelry Design was presented to a graduate of the GIA school in Taipei.
The man was charged with money laundering in connection with the theft of gold, silver, and platinum over the course of three years.