May 4, 2012

Stornoway arranges a $20 million unsecured debt facility for Renard diamond project pre-development work

Matt Manson, Stornoway's President and CEO, stated: "This financing announcement is another important milestone in the development of Quebec's first diamond mine. This loan will provide Stornoway with good funding…

May 4, 2012

Petra Diamonds restarts output at Tanzania mine

London-based Petra Diamonds has restarted production at its Williamson mine in Tanzania after two years spent rehabilitating the surface area.

May 1, 2012

Diamonds second only to gold when it comes to safe investments

Bella Ideale Diamonds, a company that sells jewellery and provides strategies for diamond investing, claims that certain high quality diamonds exceed investment returns of traditional investments and are second only…

May 1, 2012

Birks brings to Toronto largest selection of yellow diamonds in its history

Birks, one of Canada's main manufacturers and retailers of fine jewellery since 1879, is bringing the largest collection of yellow diamonds ever to be exhibited in the jeweller's history to…

May 1, 2012

Low production of rough diamonds alarms India

The latest figures by Kimberley Process Certification Scheme (KPCS), international diamond regulators on the global diamond production, have set the alarm bells ringing in the world's biggest diamond cutting and…

May 1, 2012

Mughal “Mirror Diamond” necklace on sale for $20 million

A "Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million, auction house Bonham's said on…

May 1, 2012

Shear recovers 3,500 carats from Jericho diamond mine in Nunavut, Canada

Canadian junior Shear Diamonds Ltd. (TSX VENTURE:SRM) announced today it’s begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut, Canada.

April 30, 2012

Namakwa Diamonds updates on Batla appeal

LONDON, April 30 (Reuters) - Namakwa Diamonds Ltd: * Update on batla's appeal against defeat by Namakwa * Lesotho court of appeal granted leave to batla minerals to file its…

April 29, 2012

Indian economy to grow despite politics over policy paralysis: Lakshmi Mittal

NRI business tycoon Lakshmi N Mittal on Sunday said India's economy will continue to grow despite politics over policy paralysis.

April 29, 2012

Israeli pilot acquitted of diamond smuggling, advised to sell them in Zimbabwe

Israeli pilot Shmuel Kainan Klein, accused of smuggling diamonds out of Zimbabwe, was released for lack of evidence, leading to controversy.