August 30, 2012

Harry Winston Diamond Corporation Announces US$260 Million Luxury Brand Credit Facility

The company's luxury brand subsidiary has completed refinancing of its senior secured revolving credit facility.

August 28, 2012

Paragon Diamond gets $10 million to finish its Lesotho mine

Paragon Diamonds (LON:PRG) has signed a financing agreement for its Motete Dyke project in Lesotho, paving the way for production to start in 2013.

August 28, 2012

MMC Capital calls for transparency in Zimbabwe’s Marange diamonds

The Zimbabwean government should ensure that greater Foreign Direct Investment (FDI) in natural resources translates into higher fiscal revenue that could be spent in priority areas, leading brokerage firm MMC…

August 28, 2012

SA investor splashes over $2 million on diamond jewellery making school

A South African investor has invested $2,5 million to set up a diamond jewellery making training school at the Zimbabwe Diamond Education College.

August 28, 2012

WDC to Discuss Consumer Diamond Promotion

The promotion of diamonds and diamond jewelry to consumers will feature prominently in discussions at the October World Diamond Congress (WDC).

August 28, 2012

Rio Tinto unveils its first Indian diamonds

Mining giant Rio Tinto (LSE:/NYSE:/ASX:RIO) has unveiled its inaugural set of jewelry made using diamonds from its Bunder mine project in India's Madhya Pradesh.

August 27, 2012

Nobody knows where the $334 million Zimbabwe sold in diamonds last year ended up

The boom in Zimbabwe ‘s diamond industry has not translated into improved living standards for ordinary citizens, as proceeds from gems’ sales benefit a few politically connected individuals and finance…

August 27, 2012

Methane blamed for Alrosa diamond mine blast

Methane gas is thought to have been responsible for an explosion that killed two workers digging a mine in Yakutia last week.

August 24, 2012

Conflict Minerals: How the SEC requirements will affect mining companies

The SEC won’t require mining companies to disclose whether they mined tin and gold in African conflict countries, in a long-awaited ruling released this week. However, manufacturers will have to…

August 24, 2012

Analyst downgrades Harry Winston on lower production forecasts at diamond mine

A revised life-of-mine plan at Harry Winston Diamond Corp’s Northern Diavik diamond mine has taken some of the shine off the company’s stock.