July 6, 2012

July 6, 2012: The day the Oppenheimers said goodbye to De Beers

The Oppenheimer family, controller of giant diamond miner DeBeers since 1927, has officially let go of its 40% stake in the company after South Africa’s Mineral Resources Minister approved the…

July 5, 2012

Stornoway signs partnership accord with Chibougamau and Chapais

The Declaration is a statement of cooperation between the partners for the responsible development of Stornoway's 100% owned Renard Diamond Project based on the principles of environmental protection, social responsibility…

July 5, 2012

De Beers Canada releases 2011 year in review

De Beers Canada released its 2011 Year in Review, summarizing the company's performance in the areas of operations, finance, sustainability and contributions to Canada and the communities in which we…

July 3, 2012

Namakwa Diamonds poised for next stage with new CEO and Kao mine progressing

The successful restructure of Namakwa Diamonds’ operations in Lesotho has turned the company's operations cash-flow positive, reduced costs and positioned the company for the next stage of development, said CEO…

July 3, 2012

Israel’s polished diamond sales collapse in first half of 2012

Polished diamond sales fell 33% to $1.51 billion in the first half of 2012 from $2.26 billion in the first half of 2012, said Monday Shmuel Mordecahi, responsible for the…

July 3, 2012

Queen’s 10,000 diamonds on display at Buckingham Palace

The exhibition, displaying more than 10,000 diamonds, brings together seven of the nine principal stones cut from the famous Cullinan Diamond for the first time ever.

July 2, 2012

Leviev’s Namibia diamond plant fires entire workforce

A Namibian diamond cutting and polishing plant owned by Russian-Israeli tycoon Lev Leviev "We handed out retrenchment The workers were sent on upaid leave on June 10 as a precursor…

July 2, 2012

Rough prices ‘out of kilter’ as diamond sector staggers

According to RBC Capital markets, current price weakness in the diamond sector is likely to continue, most likely into 2013, on the back of slowing growth and discrepancies between rough…

July 2, 2012

Japan’s polished diamond imports up over 45% in May

After the surprise decline in Japan's polished diamond imports in April, they were revived in May, returning to the levels seen in preceding months.

July 1, 2012

Botswana diamond mine worker found dead after mine collapses

GABORONE, July 1 (Xinhua) -- A worker trapped during wall collapse in Jwaneng diamond mine in Botswana is found dead as the rescue team discovered the body later on Saturday.…