November 13, 2011

De Beers won’t touch Zimbabwe diamonds

Business Live reports De Beers high-quality diamond retail arm Forevermark will not sell any diamonds from Zimbabwe's controversial Chiadzwa and fields, CEO Stephen Lussier said at the launch of the…

November 11, 2011

Botswana paper says De Beers’ struggling Canada mines forced Oppenheimers to sell

Botswana Guardian argues the canny Oppenheimers seem to be getting out of the diamond business because its future looks bleak. De Beers is currently in financial straits occasioned by its…

November 10, 2011

Graff Diamonds said to plan $1 billion Hong Kong IPO

Bloomberg reports Graff Diamonds, the producer and retailer whose founder twice set records buying gems at auction, plans to raise about $1 billion in an initial public offering in Hong…

November 10, 2011

Zimbabwe minister admits smuggling is rife barely a week after diamond export ban is lifted

Mining Review reports the decision last week to allow Zimbabwe to resume diamond exports from the controversial Chiadzwa and Marange alluvial fields is being questioned, after the country's mines minister…

November 10, 2011

Angolan polished diamond output at only 20% of capacity

- The Angolan state diamond cutting company, Angola Polishing Diamonds (APD), is producing polished diamonds at a rate of only 20% of its design capacity. This was revealed here by…

November 10, 2011

Diavik mine power blowin’ in the wind

Diavik Diamond Mines (DDMI) wants to harness the wind to help extract diamonds from beneath the earth. The company — which operates the huge Diavik operation in the Canadian Arctic…

November 9, 2011

New couples and consumers in smaller cities driving China diamond sales

China Daily reports the fifth-largest diamond producer in the world said on Tuesday that China's demand for the precious stones will steadily increase in spite of rising prices. Empresa Nacional…

November 7, 2011

Golconda Announces Proposed Private Placement

CALGARY, ALBERTA--(Marketwire - Nov. 7, 2011) -

November 7, 2011

Anglo American mining information technology overhaul in De Beers takeover

ComputerWorld reports Anglo American has said optimising its procurement, asset management, knowledge systems and shared services will be vital in making the most from its $5.1 billion takeover of De…

November 7, 2011

Bidz Jewelry Sales Decline, Earnings Down 7.1%

Online retailer Bidz reported a 7.1 percent decline in net revenues for the third quarter totaling $20.3 million. Bidz.com revenues declined because of lower demand for discretionary items, specifically jewelry,…