April 21, 2012

US rough imports sliced by 60% in February

US trade in rough diamonds declined dramatically in February, according to the latest figures. Gross imports of $33.4 million are a 59.9 percent year-over-year decline, falling 19.1 percent compared to…

April 19, 2012

Stornoway closes private placement of units

The proceeds from the Private Placement will be used to fund pre-development expenditures at the Renard Diamond Project for the 2012 calendar year and for general corporate purposes.

April 19, 2012

Pink diamond sold for $15 million sets US record

A rare nine-carat pink diamond ring belonging to philanthropist and heiress, Huguette Clark, sold for $15 million at a Christie's auction.

April 19, 2012

Alleged Ponzi scheme rocks Israeli Diamond Exchange

A trader at the Israeli diamond center has been barred from entering the diamond complex in Ramat Gan after allegedly operating a Ponzi scheme. On Wednesday, a $1.3 million lawsuit…

April 19, 2012

Indian diamond exports fall 17.3% as measures to curb ‘round-tripping’ bite

The imposition of a 2 percent import duty on cut and polished diamonds on January 17 this year resulted in a dramatic reduction by 17.3 percent of India’s polished diamond…

April 19, 2012

De Beers diamond production down 16% in Q1

Diamond production by De Beers decreased to 6.2 million carats in the first quarter. This is a decline of 16 percent year-over-year and 4 percent compared to the fourth quarter…

April 18, 2012

Diamond prices tipped to sparkle

An expert has tipped the price of diamonds to rise by more than 30 per cent over the next two years because of expected consolidation in the industry and increasing…

April 18, 2012

Strikes and bad weather hammer BHP’s production

Heavy rains and a prolonged strike at its Queensland coal mines have taken their toll on the world's biggest miner.

April 18, 2012

Canada makes good on promise to streamline mining, oil and gas projects

The Canadian government followed through on last month's budget promise to streamline environmental reviews of resource projects with a plan for "responsible resource development."

April 17, 2012

IMF forecast gets more upbeat

The International Monetary Fund increased its outlook for the world's economy on Tuesday, saying it expects global GDP to expand by 3.5 per cent this year.