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.

November 30, 2011

Ekati could thrive after BHP, say experts

A Canadian diamond industry expert says the Ekati diamond mine should continue to thrive even if BHP Billiton moves on. The mining giant announced Monday that it is reviewing whether…

November 29, 2011

BHP looking at breaking off diamond business

BHP Billiton said today it is reviewing its diamond business, which includes two large diamond mines in northern Canada, for a potential sale of all or parts of the business.…

November 29, 2011

Diamonds are forever secure

Geekosystems reports on a new use for diamonds, providing truly unknowable random numbers that could serve the basis for secure communication. Random numbers are at the heart of modern communication,…

November 28, 2011

BHP Billiton announces changes to its senior management team

BHP Billiton announced changes to its senior management team: Alex Vanselow, Group Executive and Chief Financial Officer, will retire from BHP Billiton at the end of February 2012. He will…

November 24, 2011

Debswana sheds 700 jobs, citing need to cut costs

Mmegi Online is reporting a major downsize has taken place at Debswana, a partnership between the Botswana government and De Beers.

November 24, 2011

Exploration budgets up 50%- surging to new all-time high

According to Metals Economics Group’s (MEG) 22nd edition of Corporate Exploration Strategies (CES), the estimated total 2011 budget for nonferrous metals exploration surged to $18.2 billion.

November 24, 2011

Try keeping a poker face while bidding on this $150,000 diamond and meteorite slice gambling set

One of the more unique lots at Christie's Magnificent Jewels auction on November 29 in Hong Kong is likely to be a set of poker chips made by the Swedish…

November 22, 2011

1700K ‘human wall’ to stop diamond smuggling? Only in Zimbabwe

Zimbabwe's efforts to declare its "blood-stained" diamonds clean is bordering (no pun intended) on the ridiculous, writes Tangai Chipangura, a columnist at News Day.

November 21, 2011

Graff Diamonds to use $1 billion IPO proceeds on Asia stores

Graff Diamonds Ltd., the jewelry retailer whose founder twice set records buying gems at auction, plans to use funds from a proposed share sale to add stores in Asia as…