March 12, 2012

Botswana’s government to trade diamonds

The government of Botswana has established a new diamond trading company that will be responsible for the purchasing, selling and marketing of the state’s portion of Debswana Diamond’s production.

March 11, 2012

Decent diamond demand at BaselWorld, fancies sought after

“Good, but not great,” “Okay, but not outstanding.” These are the impressions heard repeatedly while walking around the diamond booths at BaselWorld.

March 9, 2012

South Africa’s standalone state mining company a step closer, already hunting for deals

South Africa took a step closer on Thursday to create a standalone mining company that will take charge of the government's role in the country's rich resources and with ambitions…

March 8, 2012

Zimbabwe – last to leave, never mind turning off the lights – they’re already off

In the 32 years of his benighted rule, Zimbabwe's President Robert Gabriel Mugabe has done more damage to the country than its white-led minority government ever did.

March 8, 2012

Diamond ETF Filing submitted to SEC

IndexIQ, a New York based investment firm, filled with the SEC to register IQ Physical Diamond Trust, an exchange traded fund (ETF) backed by diamonds.

March 7, 2012

Japan’s polished diamond imports start to cool

Japan imported $72.3 million worth of polished diamonds in January, starting the year with a decline compared to January and signaling the end of a nine-month long rise in diamond…

March 7, 2012

EU Commission gives Anglo American the green light for De Beers takeover

Anglo American (LON:AAL) can officially take over De Beers as the European Commission granted the global miner authorization to proceed with its acquisition of the world's biggest diamond company, announced…

March 5, 2012

Major Drilling reports record third quarter revenue and profits and increases dividend

Major Drilling posted quarterly revenue of $182.2 million, up nearly 70% from the $107.7 million recorded for the same quarter last year. This represents the highest level of third quarter…

March 5, 2012

Diamond Dealers Club of South Africa re-elects exec committee

The Diamond Dealers Club of South Africa today (Monday) announced that all of the members of its executive committee have been re-elected for a new term during its annual elections.

March 4, 2012

Angola blood diamond case: Bermuda firm cited

Angola’s attorney general has summoned witnesses to testify in a case involving a Bermuda-registered mining company which implicates some of the top figures in the country’s military and security establishment…