April 6, 2012

Top retailer warns diamonds aren’t every investor’s best friend

Despite flagging itself as a possible buyer, North American company Harry Winston has warned the big miners they will find a ''narrowed field'' of suitors for their diamond mines.

April 5, 2012

FT: ‘Inbred’ miners may admire Hannam, but many not ‘too sad’ to see him go

"Resources groups and the bankers who promote them merit close scrutiny since minerals have been linked in the past with financial scandals and market manipulation, from the nickel bubble that…

April 5, 2012

Investors looking for answers about Diavik dig a hole into Harry Winston stock

Diavik is supposed to transform into an underground operation this year and Harry Winston's partner on the project, Rio Tinto, wants to exit diamond mining, but the luxury retailer could…

April 5, 2012

$25 admission nets couple 50.5 carat emerald at North Carolina mine

ABC News reports that two amateur rockhounds, Libby and Kevin Barrieault, found a 50.5 carat emerald in North Carolina.

April 5, 2012

Zimbabwe ‘owns’ majority of all foreign mining companies

Zimbabwe's Black Empowerment Minister, Saviour Kasukuwere, announced today it has taken majority ownership of foreign-owned mining firms, which had not already given a controlling stake to black Zimbabweans.

April 5, 2012

Rio and BHP should team up: analysts

Rio Tinto and BHP Billiton could have more success selling their diamond assets if they team up, according to analysts from Nomura.

April 5, 2012

Harry Winston Diamond Corporation reports fiscal 2012 fourth quarter and year-end results

Consolidated sales increased 13% to $702.0 million for the year ended January 2012 compared to $624.0 million for the prior year. This resulted in operating profit of $56.5 million, compared…

April 4, 2012

‘Shocking’ trade numbers have some Australians calling the end of the mining boom

The commodity price cycle peaked in the third quarter of last year.

April 4, 2012

Sierra Leone diamond firm eyes IPO

Could Sierra Leone, the African nation whose decade-long civil war funded by booty from diamond mines bore the term "blood diamonds," be going legit. when it comes to the mining…

April 4, 2012

Russia can’t be a potential market for polished diamond export

Will the Gems and Jewellery Export Promotion Council (GJEPC) succeed in its endeavour of establishing Russia as a potential market for polished diamond export through the Indo-Russian buyers sellers meet…