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…

December 2, 2011

Diamonds display Einstein’s ‘spooky action at a distance’

Nature reports that quantum entanglement, odd behaviour at the subatomic level coined 'spooky action at a distance' by Albert Einstein, has been scaled up to the level of two macroscopic…

December 2, 2011

New Canadian diamond mine would drain part of lake

The environmental impacts of what would be the Northwest Territories' fourth diamond mine are being studied in Yellowknife, the capital.

December 1, 2011

Peregrine Diamonds regains previous luster after BHP reassures firm it still is committed to Chidiak project

Peregrine Diamonds Ltd. (PGD.TO) has traded as much as 24% higher today and is currently at 75 cents a share, up 19%, after being told by BHP Billiton in recent…

December 1, 2011

De Beers opens second China store in six months

De Beers' second mainland China standalone was opened earlier this week. De Beers Diamond Jewellers has opened a second store in China, in The Friendship Mall in Tianjin, its second…

December 1, 2011

BHP Billiton strategy: get big or get out

BHP Billiton’s avowed strategy is to only pursue enormous Tier 1 investment opportunities such as Pilbara iron ore and Bowen Basin coal. It comes as no surprise then to see…

November 30, 2011

Stocks rally, lifting commodities

North American stock exchanges are on a tear today after central banks made more funds available to lenders, giving investors hope for a way out of the European debt debacle.…

November 30, 2011

Gem Diamonds to “effectively double” Letseng mine carats to 2014

The board of London listed African diamond miner, Gem Diamonds Limited (LSE: GEMD), has green lit plans to expand the company’s 5.6 million tonnes per annum Letšeng mine in the…

November 30, 2011

A pair of D flawless diamonds fetch $16.4 mln at auction

Two matching diamonds, weighing 35.77 carat and 35.61 carat, were sold for $8.3 million and $8.1 million at Christie's Magnificent Jewels auction at Hong Kong Tuesday.