November 14, 2012

Firestone Diamonds says Liqhobong plan is working

Firestone Diamonds (LON:FDI) said today a reduction in losses in its second half was a clear indication its strategy to focus on the Liqhobong mine was working.

November 14, 2012

76-carat Archduke Joseph Diamond sells for $21.5 million

Auction officials expected the diamond would come in at $15 million.

November 13, 2012

Harry Winston buys BHP Billiton’s diamond assets for US$500 million

Ekati is Canada's first, and largest, diamond producer.

November 13, 2012

Petra Diamonds’ production boosted by Finsch mine

The company says production rose 70% in its first quarter, largely due to the inclusion of output from the Finsch mine it acquired last year.

November 12, 2012

Over 300 kg of gold sold as festive season kicks off in India

Despite gold prices being at the highest in the last three weeks, India’s sales in just one city totalled 300 kg on Sunday, as the country’s festive season of Diwali…

November 12, 2012

Rio Tinto’s massive diamond deposit in India brightens up the miner’s future

Just when major miners thought it was better to ditch their diamond divisions, giant Rio Tinto (LON, ASX, NYSE: RIO) says it is looking at the business with renewed enthusiasm,…

November 10, 2012

SEC rules against resource firms over Dodd-Frank

Oil, gas and mining companies' request to have transparency rules put on hold under 2010 financial reform act has been rejected.

November 9, 2012

Historic Archduke Joseph diamond may reach up to $25 million

The Archduke Joseph diamond, one of the world's most famous and rarest gems from Europe's aristocracy, is expected to reach up to $25 million when it goes under Christie’s hammer…

November 9, 2012

South African report highlights Chinese labor abuses in the Sub-Sahara

A new report by Johannesburg-based South Africa Resource Watch (SARW) claims that China is exploiting cheap labor in the sub-Saharan nation and subjecting employees in the mining industry to harsh…

November 8, 2012

Swiss jeweller unveils Disney princesses-inspired collection

Swiss luxury jeweller and watches manufacturer Chopard, in partnership with London store Harrods, has unveiled newest precious stones-based collection inspired by Walt Disney’s Princesses.