January 11, 2012

Inquiry into diamond trader tax fraud

Belgium's justice minister ordered an inquiry Wednesday linked to a growing controversy over possible tax fraud among diamond traders in the port city of Antwerp.

January 11, 2012

Platinum-based diamond jewelry to grow in India in 2012

Diamond-jewelry manufacturers in Gujarat say they are increasing their focus on platinum given that frequent price fluctuations in gold and silver are driving India's jewelry consumers to turn toward platinum-based…

January 11, 2012

Certified polished diamond prices rise 19% in 2011

Certified polished diamond prices rose in 2011 spurred by strong buying in the first half of the year. However, global economic uncertainties and tight liquidity in the cutting centers caused…

January 10, 2012

SC panel visits Panna diamond mines

A seven-member Supreme Court committee visited the Panna Tiger Reserve in Madhya Pradesh on Tuesday to inspect diamond mines and issues related to mine closure plan and utilization of funds…

January 9, 2012

Diamond exploration concerns abound at Iqaluit project

Some community members are concerned about plans to expand a diamond exploration project on South Baffin Island. Peregrine Diamonds Ltd. owns and operates the Chidliak project near Iqaluit. The company…

January 8, 2012

Diamond Exchange traders ‘ran illegal bank’

A massive police investigation into a suspected illegal 'shadow bank' based at the Ramat Gan Diamond Exchange resulted in the arrest 16 suspects on Sunday.

January 7, 2012

Anglo American shareholders back De Beers deal

Shareholders in Anglo American voted to approve the global miner's $5.1 billion acquisition of an additional 40 percent stake in De Beers, bringing the company closer to sealing control of…

January 6, 2012

BHP could get less than half a billion for Ekati

BHP Billiton could receive less than $500 million for its Ekati diamond mine in Canada's Northwest Territories.

January 6, 2012

Rio Tinto makes diamond foray in India

Could Indian diamonds be in Rio Tinto's future? According to Daily News and Analysis, the Australian mega-miner has received approvals-in-principle from the Ministry of Mines to begin diamond mining operations…

January 5, 2012

Australian diamonds are India’s best friend

The growing Indian economy and Rio Tinto's underground plans in Western Australia are behind an estimated 36 per cent jump in Australia's diamond and gem mining revenue in the coming…