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.

August 14, 2012

Slower diamond demand growth foreseen for 2012

Growth in global diamond demand will probably slow this year to 3% to 5%, Varda Shine, CEO of the Diamond Trading Co, De Beers SA’ trading arm.

August 14, 2012

Kimberley Process in search of new conflict diamonds definition

Kimberley Process leader Gillian Milovanovic is proposing a new definition of conflict diamonds to include acts of violence and broader human rights issues.

August 14, 2012

Harry Winston sues American retailer whose name has a familiar ring

Toronto-based jeweller and watchmaker Harry Winston, is suing M.K. Winston Jewelers for alleged copyright infringement.

August 14, 2012

De Beers aggregation moves to Botswana ahead of schedule

The migration of worldwide diamond aggregation in Gaborone, Botswana, which began Tuesday, marks the first phase of the relocation of De Beers’ sales activities to Botswana as part of the…

August 13, 2012

Bottom falls out of jade market

While the jade market in China is a fraction of its overall jewellery trade, the collapse in the value of the stone could indicate tough times for other markets like…

August 13, 2012

Botswana’s Okavango diamond announces interim board

Okavango Diamond Company (ODC), the new diamond trading enterprise owned by the Botswana government, today (Monday) announced its interim board with Toby Frears as its first managing director.