Diamond Mining News

LKI Appoints David Wessel Director of Jewelry

David Wessel is Lazare Kaplan International's new Director of Jewelry, the company announced Tuesday.

Stellar is granted an exploration authorization for the Namarana area covering 132 km(2) in Mali, West Africa

Stellar Pacific Ventures announced that it was awarded by the Ministry of Mines of the Republic of Mali, an exploration authorization for the Namarana area which covers over 132 km2. This mineral title was delivered July 22, 2011 to Stellar Pacific Mail SARL, the company's wholly owned (100%) subsidiary in Mali.

Petra Diamonds – Finsch acquisition update

Petra Diamonds is pleased to announce that Ministerial consent in terms of Section 11 of the Mineral and Petroleum Resources Development Act, 2002 (“MPRDA”) has been granted for the cession and transfer of the new order mining right for the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited (“De Beers”) to Afropean Diamonds (Pty) Limited (”Afropean”). Afropean represents Petra’s interests in Finsch; Afropean being owned as to Petra 74% and Petra’s Black Economic Empowerment partners 26%.

Southern Africa: A diamond mine for hotel investors?

Africa’s future is bright. Africa is moving decisively out of recession, and looks set to renew its pre-recession average growth rate of six per cent (African Economic Outlook 2010 and Travel & Tourism Competitiveness Report 2011) due to a move towards market friendly economic framework conditions that have helped to nurture growth (InsightGroup 2011).

Mining industry gives Saara tax ultimatum

Saara Kuugongelwa- Amadhila THE mining industry has given Finance Minister Saara Kuugongelwa-Amadhila until Wednesday to reconsider her intended tax reforms before they alert investors worldwide to “the most devastating elements” of her “proposed

Israel’s Polished Diamond Exports $714 Million in July

Israel’s net polished diamond exports in July totaled $713.8 million, rising 39.4 percent compared to June and by 57.4 percent year-over-year, based on Central Bureau of Statistics figures.

Underground emerald miners in Pakistan face peril

Al Jazeera profiles the dangerous mining work in the Mingora emerald mines in Pakistan. "We work in the jaws of death, but we are poor and don't have a choice. Thank god the owners have been kind enough to give me a job," says one worker in the video. About 150 labourers are employed in at least 16 such mines.

Stellar Diamonds prepares for maiden resource estimates and scoping studies at two flagship projects

Stellar Diamonds (LON:STEL) has hired a mining consultant in preparation for maiden resource estimates at its two flagship projects, it said today.

Belgian Diamond Industry Joins Fight Against Famine in the Horn of Africa

The Antwerp World Diamond Centre (AWDC) is joining the battle against famine in the Horn of Africa and other humanitarian disasters by supporting the Belgian Consortium for Emergency Relief, 1212.

Field assessment of nickel targets on Diamonds North's Amaruk property

Diamonds North Resources Ltd. (TSX VENTURE:DDN) reports that Minerals and Metals Group (MMG) has informed the Company that they have mobilized a field crew to conduct lake-bottom sediment sampling to follow-up on preliminary EM anomalies identified from the survey recently completed on the Amaruk nickel project in Nunavut (see news release July 14, 2010). To view a presentation on the nickel potential at Amaruk visit our website www.diamondsnorth.com.

Kazakhstan could offer investors mining riches

Think of Kazakhstan and thoughts might immediately turn to Borat.

RDI: RDI – Rockwell Diamonds Inc – Unaudited Interim Consolidated Financial

RDI - Rockwell Diamonds Inc - Unaudited Interim Consolidated Financial Statements for the 3 months ended 31 May 2011 Rockwell Diamonds Inc. (A company incorporated in accordance with the laws of British Columbia, Canada) (Incorporation number BCO354545)

BBC: torture in Marange Diamond Fields

Stephane Chardon, the Chair of the Kimberley Process Certification Scheme's (KPCS) powerful Working Group on Monitoring (WGM), convened an emergency teleconference this week a day after the airing of BBC's Panorama investigative television program

Rio Tinto Diamonds Going for Design

Rio Tinto Diamonds is launching a design competition. The competition is aimed at inspiring creativity and innovation across four categories of diamond jewelry design.

Antwerp's Net Rough Exports Double in a Single Month

Belgium's net rough diamond exports soared in July, rising to $444.4 million, up by 41.8% year over year and 127.2% compared to June's net exports.

U.S. Marshals to auction 43.51Ct flawless FI yellow diamond

A 43.51-carat fancy intense yellow diamond that was forfeited to the U.S. government will be auctioned next month. The diamond is a modified rectangular brilliant cut and internally flawless.

Lucara litigation update: Judge dismisses claims against African Diamonds

As has previously been reported by Lucara Diamond, in April 2010, legal proceedings were initiated against African Diamonds Plc, Lucara's wholly-owned subsidiary, by two former directors of African Diamonds claiming entitlement to a 3% royalty on production from the AK6 diamond project. The claim was heard in the Botswana High Court in early June, 2011. The High Court delivered its ruling today, dismissing the claims against African Diamonds, with costs awarded against the plaintiffs. The plaintiffs have 30 days to seek to appeal the ruling.

Elizabeth Taylor’s Famed Jewelry and Art Collection for Sale

Renowned auction house Christie's has announced a new exhibition and sale dedicated to the collection of late British-American actress Elizabeth Taylor in September 2011.

Mumbai market unaffected by Mahendra brothers tax raid

A raid by income tax authorities took place early Monday morning, on several premises of the Mahendra Brothers group in India.

Gem Diamonds to hand over 4 boreholes to GKGR residents

Gem Diamonds Ltd: * To hand over 4 boreholes to residents of the central kalahari game reserve to provide them with water

As gold dashes past $1,700, $2,000/oz viewed as a possibility

In what is starting to look like a mad dash, the price of gold rose to a new all-time high of $1,770 an once, temporarily passing the price of platinum. Investors are turning to gold as global economic markets are faltering.

Diamond industry shifts focus from US markets

After having sleepless nights during the global economic slowdown in 2008, the Surat diamond industry seems to have played safe as far as the US, the biggest diamond jewellery market, is concerned.

Mugabe threatens western firms in Heroes Day speech

As the country marked Heroes Day, Robert Mugabe used the occasion to make fresh threats to punish foreign owned companies from Western countries that have imposed targeted sanctions on him and his key ZANU PF officials. The US and European Union slapped the sanctions on Mugabe and his cronies because of human rights abuses.

Blue Nile Posts Record Q2 Revenues, Amid Rising Costs

Online diamond jewelry retailer Blue Nile reported record second quarter sales, posting a 5.1% increase in net sales to $80.5 million. Net income totaled $2.8 million.

NJN: Adwar, Unique Facing Off In Federal Court

Adwar Casting Co. Ltd. has slapped manufacturer Unique Settings of New York and six others with a $13.5 million federal copyright infringement lawsuit, alleging the company is making and distributing pieces of jewelry that are copies of Adwar’s designs.