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.

June 8, 2012

South Africa’s diamond industry no longer sparkling

The South African diamond industry faces serious challenges upstream and downstream, where job creation, wealth creation and the beneficiation of raw diamonds are not concerns for regulatory authorities, says diamond…

June 8, 2012

Candle light comes from millions of tiny burning diamonds

Chemistry Professor Wuzong Zhou at the University of St. Andrews decided to unravel the mystery of candle light after a challenge from another scientist.

June 7, 2012

Rio Tinto is looking for a Marketing Director

Rio Tinto is looking for a dynamic Marketing Director to join our marketing team in the USA. The Marking Director, North America, is accountable for all sales, marketing and client…

June 7, 2012

Diamond miner Harry Winston first quarter profit sparkles

Diamond miner and retailer Harry Winston (TSX: HW) (NYSE:HWD) says its earnings for the first quarter of fiscal 2013 tripled to $11.6 million, as sales in both its rough diamond…

June 7, 2012

10-year review critiques the mining industry’s sustainability

The IIED report urges the sector to move from improving its standards in principle to actually implementing them in practice.

June 6, 2012

Global mining industry profits and shares went different ways in 2011: PwC

Consulting firm says the top 40 global mining firms earned a record profit of $133 billion last year driven mainly by iron ore, however their market capitalization fell by 25%.