March 25, 2012

Jewellery makers down on gold customs duty hike

Shares of Jewellery makers were lower after the budget proposed to double customs duty on gold to four percent of value in 2012/13 financial year beginning in April. The increase…

March 23, 2012

World’s first all-diamond ring to cost US$68 million

Switzerland-based Shawish Jewelry is creating a diamond ring that would make Elizabeth Taylor’s 30-carat engagement band from Richard Burton look like a children’s toy— a 150-carat all-diamond ring.

March 23, 2012

Botswana Diamonds releases sparkling interim results

London-listed diamond junior Botswana Diamonds (LON:BOD) forecasts a cheerful future for the diamond market, despite it sliding into the red in the six months to the end of December with…

March 22, 2012

Gem Diamonds divides heavyweight opinion

Heavyweight brokers Goldman Sachs and Citi are split on prospects for Gem Diamonds (LON:GEMD). In the blue corner is Goldman, which is upbeat on Gem after the record output last…

March 22, 2012

India’s new tax measures may impact global diamond demand

With diamond jewelry demand booming in India, the phenomenal rise of domestic consumption has somewhat compensated for the decline in diamond jewelry demand in the traditional markets, especially the United…

March 22, 2012

DiamondCorp’s CEO ready to speak to financiers after SRK green light

Paul Loudon, chief executive of DiamondCorp (LON:DCP), is preparing to talk to banks, project financiers and potential rough diamond buyers. It comes after an independent engineering report gave the green…

March 21, 2012

Metalex discovers another large (18Ha) kimberlite in Angola

Metalex Ventures Ltd. (TSXV : MTX) ("Metalex", the "Company") is pleased to report that our geological field technician reports that kimberlite has been intersected while core drilling a 18 hectare…

March 21, 2012

India increases rough diamond intake

A rise in rough diamond imports by India took place in February. India imported $1.33 billion worth of rough diamonds, increasing 21.3 percent, based on provisional figures published by the…

March 21, 2012

India’s polished diamond imports slashed 80% in February

A sharp decline in India’s polished diamond trade in February after an import tax started to be collected. India exported $1.44 billion worth of polished diamonds in February, a 53.7…

March 21, 2012

Tiffany posts 18% sales growth in 2011

American luxury retailer Tiffany & Co. reported double-digit sales and earnings growth for fiscal 2011, ended January 31, 2012. Net sales rose 18 percent to $3.6 billion and net earnings…