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…

February 12, 2012

Zimbabwe diamond miner gets ‘watchdog approval’ (AFP)

HARARE (AFP) - 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.The firm,…

February 11, 2012

Diamond and platinum skull worth £50-million to be shown at the Tate

A £50-million diamond and platinum skull by the once notorious Damien Hurst will be featured in a retrospective of the artist this summer in London.

February 10, 2012

De Beers expects dull year for diamonds despite sales increase of 27%

Diamond demand will slow down significantly in 2012 said today De Beers SA, the world’s largest supplier of rough diamonds, due largely to the weak global economy.

February 10, 2012

DiamondCorp walks away from its Botswana kimberlite project

DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the…

February 9, 2012

Jewellers resume buying gold, diamonds as rupee rise pauses

The 6,000-odd registered jewellers in the country seem to have again started booking raw material, believing the recent sharp recovery in the rupee's exchange rate is over for now and…