March 27, 2012

Stellar Diamonds says its project in Sierra Leona confirmed as a high value asset

London-trade Stellar Diamonds (LON:STEL) said today a first JORC compliant estimate for its Tongo project in Sierra Leone confirmed it as a high value, high growth asset.

March 27, 2012

India’s import duty stifles diamond “round tripping”

India's polished diamond trade saw a sharp decline in February following the imposition of a2% import duty by the Indian government on polished diamond imports on January 17, 2012.

March 27, 2012

Zimbabwe diamond mine pay deal agreed

ANJIN, the biggest miner operating in Zimbabwe’s controversial Marange diamond fields, said yesterday a two-day strike by workers had ended after management agreed to a 25 per cent wage rise.

March 27, 2012

Rio diamond mines may be on the block

London-based diversified miner Rio Tinto (LON:RIO) is taking a page out of BHP Billiton's playbook and is looking at selling some or all of its diamond mines.

March 26, 2012

Ankit Gems introduces browser toolbar for diamonds

Ankit Gems has launched a search toolbar that allows anyone to browse their diamond inventory. Pricing information, however, is only available to those who have company log ins.

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…