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…

March 20, 2012

DiamondCorp Lace mine plans validated by South African consultants

African diamond mining and exploration company DiamondCorp Plc., has received validation for its development plan at its Lace mine in South Africa, from SRK Consulting, an independent local consultant.

March 20, 2012

Nicky Oppenheimer receives lifetime achievement award

In recognition of Nicky Oppenheimer’s enormous contribution to the world diamond industry – and the Israeli industry in particular – the Israel diamond industry Tuesday night presented the chairman of…

March 20, 2012

Gem Diamonds 2011 net profit up 213%

Gem Diamonds Limited announced on Tuesday that its revenue for 2011 increased 49 percent to $396 million in 2011. The company’s net profit totalled $68 million, up a massive 235…

March 20, 2012

Hasenfeld-Stein launches re-cutting program for recycled diamonds

n a bid to help jewelers increase their profits, diamond manufacturer Hasenfeld-Stein recently announced the launch of its diamond re-cutting program. The web-based program enables retail jewelers to send stones…

March 19, 2012

Rockwell restructures BEE deal, acquires new mine

TSX- and JSE-listed Rockwell Diamonds on Monday reported the successful completion of “robust” negotiations with black economic-empowerment (BEE) partner Africa Vanguard Resources (AVR) following a restructuring of the deal.

March 18, 2012

Zimbabwe orders mining firms to bank locally: paper

Mines Minister Obert Mpofu told the Sunday Mail that cabinet last week had decided to tell mining companies to bring back earnings from their Zimbabwe operations which were deposited in…