June 21, 2012

Alrosa’s board talks about the future

The company's supervisory board, which met in the wake of Russia's announcement to sell its in 51% stake in Alrosa, outlined intentions to reduce open-pit mining, increase diamond reserves to…

June 21, 2012

Vaaldiam Mining announces results of shareholder meeting

Vaaldiam Mining today announced that it has received shareholder approval of the previously announced plan of arrangement to be acquired by a Cayman Island company BCKP.

June 19, 2012

Zimbabwe confirms army ownership of diamond mine

Zimbabwe’s Deputy Mines Minister, Gift Chimanikire, confirmed an army-owned company owns 40% of Anjin, one of the most lucrative diamond concessions in the country.

June 19, 2012

Fatalities at Gem Diamonds’ Botswana mine delays production until 2014

Gem Diamonds said initial production at its Ghaghoo underground mine project in Botswana would be delayed until the first half of 2014 after an accident yesterday resulted in the death…

June 19, 2012

India’s polished diamond exports drop 44% in May

The month of May delivered 44% drop (on yearly basis) in India’s polished diamond exports which is valued at $1.245 billion, while the volume of exports declined 50% to 2.574…

June 19, 2012

Falling Rupee stalls diamond industry

Indian firms that have borrowed funds from overseas banks would now have bear a higher burden for discharging their debts. Moreover, the diamond industry is dependent on import of rough…

June 19, 2012

Aging Antwerp needs polishers, offering free training

Antwerp's diamond polishers are aging and in order to recruit new talent, the the local diamond industry is offering free education under its 'Antwerp Diamond Masterplan – Project 2020’

June 18, 2012

No one buys Congo’s mining assets on the cheap: Government

The Democratic Republic of Congo’s Ministry of Mines went on the defensive on Monday about allegedly granting mining licenses to companies with close connections to the government. It qualified those…

June 17, 2012

End of the supercycle is also spelling the end of radical resource nationalism

"Natural resources companies with a pipeline of, say, five projects in five different countries are now likely to build just two or three of those. Thus, executives have the power…

June 16, 2012

Ekati is just not cutting it. Harry Winston sitting pretty as De Beers also drops bid

De Beers considered a bid for BHP Billiton's 80% stake in Canadian diamond mine Ekati, but has now become the latest interested party not to submit an offer, perhaps leaving…