February 16, 2012

Shear Announces Final Water License Approval by Minister for Jericho Diamond Mine

Shear Diamonds Ltd. (TSX VENTURE:SRM) is pleased to announce that further to our press release dated December 22, 2011, the final approval for an eight year Type A water license…

February 16, 2012

3 Indian firms get diamond processing licences in Botswana

The opening of Botswana as a major diamond trading hub has opened a new window of opportunity for Indian processing companies.

February 15, 2012

Report says Mugabe’s police running diamond mines

A report published this week by Global Witness, an international human rights group, says that companies mining the controversial Marange diamond fields in Zimbabwe have senior personnel drawn from security…

February 15, 2012

India diamond industry under threat from Chinese dragon

Is the Rs 80,000 crore worth of diamond manufacturing industry in the world's biggest diamond cutting and polishing centre in Surat under threat from the Chinese dragon? With a huge…

February 15, 2012

Rosy Blue may turn to Rio Tinto for raw diamonds

n what can be termed as a major fallout of the indication given by the world's largest raw diamond producer De Beers that it may not increase production this year,…

February 14, 2012

Slow start, but Canada diamond ice road operators not panicking

Above zero temperatures have set the 600-km ice road connecting diamond mines in Canada’s Northwest Territories with supplies slightly behind schedule since trucking began at the start of the month,…

February 14, 2012

Diamond giants look elsewhere as earnings tumble

Australian companies Rio Tinto and BHP Billiton recorded mixed financial results from their respective diamond operations in the latter half of 2011. Rio Tinto reported a seven per cent increase…

February 14, 2012

Death of DRC mining go-to guy will reshape country’s resource sector

Augustin Katumba Mwanke, the former governor of copper-rich Katanga province and go-to guy for resource deals, was seen by many as the power behind the throne.

February 13, 2012

Another Zimbabwe diamond mine gets OK

International diamond watchdog the Kimberley Process (KP) has certified Zimbabwe's Diamond Mining Company to sell gems from the violence-tainted Marange fields, state media reported on Sunday.

February 12, 2012

Rio Tinto’s Diamond Income +6.6 pct in 2011

Heavy rains at Argyle (above) in 2011 led to lower production and a need to add $0.5 billion to the underground project (IDEX Online News) – Rio Tinto diamond revenues…