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…

March 16, 2012

Lukoil Said to Spend $1 Billion to Open Diamond Mine Next Year

OAO Lukoil (LKOH), Russia’s largest non- state oil producer, plans to start a diamond mining project next year after investing about $1 billion in a possible challenge to OAO Alrosa…

March 15, 2012

Firestone Diamonds announces results and management changes

Firestone Diamonds plc announced a financing through Mirabaud Securities LLP to raise £14.7 million before expenses as part of the restructuring of the company and further development of its Liqhobong…

March 15, 2012

Harry Winston among companies ‘kicking the tires’ at Ekati

Luxury jewellery retailer and miner Harry Winston Diamond Corp. is one of several potential buyers of BHP Billiton's Ekati diamond mine in the Canadian north, according to media reports Wednesday.

March 14, 2012

Petra Diamonds reveals encouraging results at Kukama East project

Petra Diamonds has revealed highly encouraging drilling and microdiamond sampling results from the Kukama East project area in central Botswana.

March 14, 2012

Diamond shortfall could shut Zimbabwe government: minister

Zimbabwe Finance Minister Tendai Biti on Wednesday warned the government could shut down, as new diamond sales from the controversial Marange fields are falling far short of expectations.

March 14, 2012

Gem-quality white diamonds created in laboratory

A Florida-based company says it has created high-quality, colorless, lab-created diamonds. Diamond industry representatives are debating whether this is a “game changer” in how colorless diamonds are sourced and priced.

March 14, 2012

Anglo dulls prospects as it doubles down on diamonds

Anglo American Plc’s $5.1 US billion plan to almost double its diamond business and platinum mines that are missing targets risk killing its allure as a takeover candidate for a…

March 14, 2012

Influx of recycled diamonds could depress prices

A respected diamond expert says that an influx of "recycled" diamonds entering the market could depress prices of the precious stones and hurt diamond miners.

March 14, 2012

What are the world’s 10 richest diamond mines?

Which country is home to the richest diamond mines? If you said Canada, you'd be close, and if you said Botswana or South Africa, you'd be right on the money.…