Canada’s remote Diavik Diamond Mine has unearthed a rare 158.20-carat yellow diamond as it approaches its 2026 closure. The stone is among the largest yellow diamonds ever found at Diavik, capping more than two decades of production in the harsh Arctic. The discovery underscores the mine’s legacy of extraordinary finds even as operations wind down.
Global natural diamond prices have dropped sharply, with Alrosa’s shares down 77% and Anglo American booking a fresh $2.3 billion impairment on De Beers. Yet India’s wedding traditions—and rising gold prices—appear to be buffering demand, keeping diamonds marketed as “forever” even as the global shine fades.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
