Learn Mining News

Diamonds are a girl’s best friend but they can also represent a nice investment for the male species. Investing in diamond mines can be very lucrative, as long as the individual is not charmed by promoters that hide their small outputs under their large ambitions. There are 130 million carats of diamonds mined each year, so purchasing diamond mining stocks can result in quite a windfall.

Central and southern Africa generate about half of the world’s supply of diamonds. Canada, Russia, India, Australia, and Brazil are also known for their diamond production. Some diamond retailers are also in the business of mining, representing an investment opportunity on both ends of the spectrum.

Harry Winston Diamond Corporation not only sells diamonds on a retail level, it mines the precious commodity. This company owns nearly 50 percent of the Diavik Diamond Mine in the Canadian Northwest Territories. Another Canadian diamond mining company that has publicly traded stock is Mountain Province Diamonds Inc.

Rio Tinto plc is known for mining precious metals, aluminum, coal, and iron ore. This London-based company also mines diamonds in several areas throughout the world. BHP Billiton LTD and BHP Billiton plc is the world’s largest diversified resources companies that mines diamonds. The De Beers Group, formed in 1888, is the largest diamond mining company in the world. De Beers produces more than 40 percent of the gem diamonds in the world. This company owns mines in South Africa and it also mines in partnership with the governments of Botswana, Tanzania, and Namibia.

Individuals interested in purchasing diamond mining stocks should research the performance of these and other companies. Though past performance is not a predictor of future success, it can be useful to look at the trending of the share prices over the past year. In addition, investors should research the companies themselves to discover what countries they mine in and their market share percentage.