August 20, 2012

Harry Winston sets Diavik mine’s value at $2.6 billion

Toronto-based jeweller Harry Winston Diamond, which is looking to become the sole owner of Rio Tinto’s Diavik Mine, in Canada's Northwest Territories, said the mine has another 11 years to…

August 19, 2012

Alrosa’s move may ‘rescue’ Indian diamond sector

Alrosa announced this week that it sold rough diamonds to the Russian state gem repository Gokhran for the first time in three years.

August 18, 2012

Angola’s diamond company partners up with six companies to explore concessions

Angola's state-run diamond company Endiama has partnered with six other firms in order to explore a mining concession in the regions of Lunda Norte and Sul.

August 17, 2012

Anglo American completes acquisition of De Beers

Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond…

August 16, 2012

Rockfall at Diavik mine stops open pit work for a week

Five thousand tonnes of rock fell from the edge of the open pit at Diavik Diamond Mine last week but employees got out 10 hours before the rockslide started.

August 16, 2012

Weak markets force Alrosa to dump stock in state repository for the first time since 2009

Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.

August 16, 2012

Petra Diamonds reduces 2012 production guidance

London-listed Petra Diamonds has reduced its production targets at its mines in Africa for this fiscal year by 0.25 million carats to 2.85 million carats.

August 16, 2012

Rio Tinto Has ‘Multiple Options’ for Diamond Business

Rio Tinto is “looking at multiple options" for its diamond business and plans to sell the diamond assets are “well advanced,” according to Chief Financial Officer Guy Elliott.

August 16, 2012

IDEX Online Research: Long Term Growth Prospects Bright for Global Jewelry Market

Dire predictions about a severe decline in Europe’s population over the next several decades have been revised to show that the number of people in the region will drop only…

August 14, 2012

Nobel laureate to Africa’s new resource rich: You’ll probably end up poor

Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.