February 7, 2012

1.5 million carats on the block at Zimbabwe diamond auction

Up to 1.5 million carats worth of diamonds are being auctioned this week by companies allowed to mine the controversial Marange diamond fields in Zimbabwe.

February 6, 2012

Zimbabwe mining fees up 5,000 per cent

The Zimbabwe Government has raised mining and licence fees by between 500 and 5,000 per cent, according to state-controlled local media the Sunday Mail.

February 5, 2012

South Africa is looking at mining super-tax, ‘targeted intervention’ in platinum sector

South Africa's ruling party, the African National Congress, appears to be moving away from nationalization of the mining industry to reassure foreign investors but is considering new taxes and "targeted…

February 4, 2012

Plan Nord: Quebec’s First Diamond Mine “Getting Their Ducks In A Row” In 2012

Stornoway Diamond Corp. (TSX:SWY) will make it a priority during 2012 to obtain all the permitting and financing needed to get its northern Quebec Renard Project in construction by mid-2013,…

February 2, 2012

Finsch to help Petra double output in 2012

With production up by 64% to 935 553 ct for the six months ended December 31, LSE-listed Petra Diamonds on Wednesday said it was on track to achieve two-million carats…

February 2, 2012

Peregrine Completes Chidliak Purchase and Announces Senior Management Appointment

Peregrine Diamonds Ltd. ("Peregrine" or "the Company") (TSX:PGD) is pleased to report that it has completed the purchase of BHP Billiton's 51 percent participating interest in the 8,580 square kilometre…

February 2, 2012

Rough diamond prices have stabilized

Rough diamond prices have now stabilised after falling from the highs reached in June, according to the newly-published Petra Diamonds interim trading update.

February 2, 2012

Ex-Minn. diamond seller admits dealing in pot

A former diamond seller in southeastern Minnesota has admitted to dealing millions of dollars of high-grade marijuana and stolen gems.

February 2, 2012

Relatively High Future Earnings Growth Detected in Shares of Harry Winston Diamond in the Precious Metals and amp; Minerals Industry (HWD, SSRI, EXK, AG, CDE)

Below are the three companies in the Precious Metals & Minerals industry with the highest future earnings growth. The growth of earnings per share (next fiscal year estimated vs. current…

January 29, 2012

Indian Diamond Industry to Train Tribal Women to Cut and Polished Diamonds

An initiative by the Surat Diamond Association, the Gems and Jewellery Export Promotion Council, and the District Rural Development Agency will train poor tribal women as diamond cutters and polishers,…