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Shear Diamonds recovers first 200 carats at Jericho, Nunavut

Shear Diamonds Ltd. (TSX VENTURE:SRM) today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently restarted recovery portion of Shear’s 100% owned Jericho Diamond Mine, Nunavut. In addition Shear has completed a new geological interpretation and 3- D Model for the Jericho Kimberlite Complex.

Mbada overtakes Murowa as Zimbabwe’s biggest producer

Mbada Mines (Pvt) Ltd, which operates in Zimbabwe's Marange diamond area, is producing more than 150,000 carats a month, surpassing Rio Tinto's Murowa mine as the country's largest diamond producer, according to the firm's chairman, Robert Mhlanga. Rio Tinto's Murowa diamond mine produced 178,000 carats in 2010 and 125,000 in the first half of 2011.
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Zimbabwe PM Party to renegotiate diamond deals with China

Zimbabwe Prime Minister Morgan Tsvangirai's MDC party says it will renegotiate all transactions agreed upon between the ruling ZANU PF party and foreign investors such as China, particularly on controversial issues like the Marange diamond fields, repo...