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).

June 11, 2012

Botswana’s diamond exports fall 34.6% in April

A sharp drop in Botswana’s diamond exports took place in April, as the country is about to become the world’s leading rough diamond distributor. Botswana exported $173.8 million worth of…

June 10, 2012

Sierra Leone fortunes change as diamond trade brings back investment

Returning multinationals create mining boom in once-war ravaged country synonymous with brutality and child soldiers Lying in Sierra Leone's mineral-rich eastern belt, the Koidu Holdings diamond mine and others like…

June 10, 2012

U.S. rough diamond trade hurts in April

Large double-digit declines in the value of rough diamond trade by the U.S. in April. Rough diamond imports of $29.7 million fell 24.7 percent year on year.