CAPITAL MARKETS

Ashton sparkles on Renard find

CANADA’S diamond rush gained pace late on Friday when shares in Ashton Mining of Canada, a subsidiary of Rio Tinto, more than doubled in price on news that it had discovered a gem estimated to weigh more than 4 carats in a drill core.

Tim Treadgold

Ashton sparkles on Renard find

The stone, measuring 8.8mm by 8.2mm by 4.8mm, has not been weighed as it remains embedded in rock. Described as a colourless octahedral crystal, the diamond was found in 17 tonnes of drill samples which...

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