March 20, 2012
Gem Diamonds 2011 net profit up 213%
Gem Diamonds Limited announced on Tuesday that its revenue for 2011 increased 49 percent to $396 million in 2011. The company’s net profit totalled $68 million, up a massive 235…
March 20, 2012
Gem Diamonds Limited announced on Tuesday that its revenue for 2011 increased 49 percent to $396 million in 2011. The company’s net profit totalled $68 million, up a massive 235…
March 20, 2012
n a bid to help jewelers increase their profits, diamond manufacturer Hasenfeld-Stein recently announced the launch of its diamond re-cutting program. The web-based program enables retail jewelers to send stones…
March 19, 2012
TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic-empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal.
March 18, 2012
Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in…
March 16, 2012
OAO Lukoil (LKOH), Russia’s largest non- state oil producer, plans to start a diamond mining project next year after investing about $1 billion in a possible challenge to OAO Alrosa…
March 15, 2012
Firestone Diamonds plc announced a financing through Mirabaud Securities LLP to raise £14.7 million before expenses as part of the restructuring of the company and further development of its Liqhobong…
March 15, 2012
Luxury jewellery retailer and miner Harry Winston Diamond Corp. is one of several potential buyers of BHP Billiton's Ekati diamond mine in the Canadian north, according to media reports Wednesday.
March 14, 2012
Petra Diamonds has revealed highly encouraging drilling and microdiamond sampling results from the Kukama East project area in central Botswana.
March 14, 2012
Zimbabwe Finance Minister Tendai Biti on Wednesday warned the government could shut down, as new diamond sales from the controversial Marange fields are falling far short of expectations.
March 14, 2012
A Florida-based company says it has created high-quality, colorless, lab-created diamonds. Diamond industry representatives are debating whether this is a “game changer” in how colorless diamonds are sourced and priced.
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