December 8, 2011

Jewelry suppliers’ prices slip in October

After months of strong upward pressure, jewelry suppliers’ prices in the U.S. market showed modest deflation in October, according to new data from the government. In contrast, jewelry retail prices…

December 8, 2011

World’s first synthetic diamond jewelry store opens in NC

A shop that bills itself as the “world’s first synthetic diamond jewelry store” opened its doors recently in Greenville, South Carolina.

December 7, 2011

10 Indian diamond traders jailed in China; 12 to be deported

Ten of the 22 Indian traders, charged with smuggling diamonds worth USD 7.3 million into China, were today sentenced to varied prison terms ranging from 23 months to six years…

December 7, 2011

Billions of tonnes of diamonds in the galaxy suspected

Giant terrestrial planets also know as “Carbon super-Earths” that contain up to 50 per cent diamond may possibly be in the Earth's galaxy, a new study suggests. But if they…

December 7, 2011

Murray & Roberts Cementation preferred contractor for proposed Venetia underground diamond project

Murray & Roberts Cementation has been selected by De Beers as the preferred contractor to undertake the development of an underground mining operation at Venetia diamond mine. This project is…

December 6, 2011

Diamond market would almost double by 2020

Latest report from Bain & Company says that diamond industry will grow more than 6 percent a year over the next decade, which will hold up prices even through periods…

December 6, 2011

The top 3 commodities plays for the biggest profits in 2012

A commodity is something that has universal definition and demand. Everyone knows what food is, and everybody wants it. Nearly everyone in the world knows what gold is, and nearly…

December 5, 2011

Global Witness leaves ‘diamond laundering’ Kimberley Process, calls Zimbabwe decision an outrage

The human rights organization – co-nominated for the 2003 Nobel Peace Prize for its work on conflict diamonds – said the decision to allow diamonds from Zimbabwe's rich Marange fields…

December 4, 2011

Zimbabwe to up diamond mining fees

(2011-12-03) Zimbabwe is considering increasing diamond mining application fees to US1 million (about R8 million), Harare's Herald Online reported on Friday. It said Mines and Mining Development Minister Obert Mpofu…

December 2, 2011

Goldman says commodities to rally in 2012

Goldman Sachs Group forecast that commodities may rally 15% in the next 12 months, sticking with an “overweight” recommendation on raw materials and predicting Brent crude may surge to highest…