May 24, 2012

Stornoway splashing $28.4 million for Renard engineering

Stornoway Diamond Corp will spend $28.4 million to advance its Renard diamond project in northern Quebec, the Vancouver-based company (TSX:SWY) announced yesterday.

May 23, 2012

De Beers leading efforts to rescue illegal miners at abandoned mine

De Beers on Wednesday launched rescue efforts for diggers who have been trapped after an illegally excavated tunnel collapsed in the diamond giant's abandoned Namaqualand mining area.

May 22, 2012

Mbada Diamonds produces 12 million carats

Mbada Diamonds has produced almost 12 million carats worth half a billion dollars over the past one-and-half years after injecting total investments of only $185 million, Parliament was told yesterday.

May 22, 2012

Accredited Gem Appraisers extends registration for Future of Diamonds panel to May 23

Is the world of diamonds as you've known it about to change forever? It might change in ways that we have never envisioned, and this conference is going to be…

May 22, 2012

Diamond-seller Choksi takes on world with Bollywood

Mehul Choksi sees his jewelry business one day joining LVMH Moet Hennessy Louis Vuitton SA (MC) and Cartier among the biggest names in luxury goods. Choksi is chairman and managing…

May 22, 2012

Diamond miner Rockwell completes strategic projects at Saxendrift

Canadian Rockwell Diamonds (TSX: RDI) implemented a new in-field screen and a bulk x-ray and single particle sorter plant at its Saxendrift diamond mine. These two strategic projects were the…

May 22, 2012

The right cut: Dreams made of diamonds

The Montreal Gazette interviews Gevorg Mkhitaryan, owner of a small diamond polishing operation, who was part of a group of about 60 Armenian diamond cutters and polishers brought to the…

May 22, 2012

DiamondCorp agrees on a $33.6 million loan deal with South Africa’s IDC

African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation…

May 22, 2012

Sierra Leone ‘blood diamonds’ not forever

The west African state of Sierra Leone has taken another symbolic step away from its wartime image as the home of the "blood diamond". An Israeli-owned company has started operating…

May 22, 2012

Rio Tinto donates $12 million biggest pink diamond to a museum

London-based diversified miner Rio Tinto (LON & NYSE:RIO) is donating the biggest pink rough diamond ever discovered, found earlier this year at its Argyle mine, to an Australian museum in…