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…

June 13, 2012

Successful tailings retreatment for Lace diamond mine

The Lace diamond mine is located 25km northwest of the town of Kroonstad within the Free State Province of South Africa. The mine operated from 1896 to 1931.

June 13, 2012

Company introduces low cost lab-made diamond identifier

As diamond traders continue to express concerns over undisclosed lab-made diamonds, a Hong Kong firm is offering a low cost way to identify them. Their solution is a $200 laser…

June 12, 2012

Russia could sell all of Alrosa

Plans to sell a stake in 90%-owned Alrosa, the largest diamond supplier in the world, would make up a huge chunk of the $9.3 billion Russia hopes to generate from asset…

June 12, 2012

Harry Winston rough sales double, profit triples

Harry Winston Diamond Corporation posted a 34 percent sales increase in the first quarter, boosted mainly by selling more rough diamonds and better retail sales.

June 12, 2012

Dr Kloppers took home $15 million last year. How is the sypercycle turning out for you?

The 49-year-old boss of the world's largest mining company took home £9.8 million ($15.2 million) last year including bonuses, pension contributions and stock options.

June 12, 2012

Stornoway reports initial 26.1 million carat mineral resource estimate for the Qilalugaq Project, Nunavut

The Qilalugaq Diamond Project includes the Qilalugaq kimberlite pipes and the Naujaat system of kimberlite dykes, and has been the focus of ongoing exploration and assessment work by Stornoway since…

June 12, 2012

Belgium exports $1.18 billion of polished in May

While Belgium’s polished diamond trade improved in May, it was far below the level of 2011. The downward trend reflects a difficult trading environment and falling demand in the global…

June 12, 2012

Lucara sells 26,196 carats of Karowe Diamonds in first online auction system

Lucara Diamond Corp. sold 26,196 carats of Karowe diamonds through its new online auction system. The total revenue from the sale was $5.64 million, averaging $215 per carat (p/c).