November 4, 2011

Breaking News: Oppenheimer Cashing Out, Selling De Beers for $5.1 Billion to Anglo American

Anglo American announced that it is buying the Oppenheimer's 40 percent stake in De Beers for $5.1 billion dollars.

November 3, 2011

South Africa’s mines minister finds the nationalization horse bolted

South Africa's mineral resources minister Susan Shabangu is on a road show in Australia and the UK to quell fears of mine seizures and drum up new investment for the…

November 3, 2011

De Beers ups new South Africa mine investment to $1.9 billion

BusinessDay reports De Beers has no intention of reducing its interests in South Africa and will up planned investment in its new Venetia underground mine by more than $600 million…

November 3, 2011

Letšeng rocks on: one rough worth more than $1 million, 10 bigger than 10.8ct per week

Gem Diamonds' Letšeng mine continued to polish its reputation as the world's richest source of large diamonds, the London-listed company reported in a management statement covering July to October. 15…

November 3, 2011

4th quarter rough diamond demand to decline by $1 billion

The Citizen reports fourth-quarter rough diamond demand will be about $1.2 billion less than the $4.6 billion sold in each of the first three quarters of the year, Israel Diamond…

November 3, 2011

IDEX Online Research: polished diamond prices slip 1.6% in October

Global polished diamond prices slipped again in October for the third consecutive month, according to the IDEX Online Global Polished Diamond Price Index, but showed some vitality near the end…

November 3, 2011

Botswana exports $530m worth of diamonds in August

Botswana exported $529.6 million worth of polished and rough diamonds in August, rising 82.1 percent year-over-year, based on figures published by the Bank of Botswana.

November 2, 2011

Zimbabwe able to sell diamonds again

As controversy continues to rage over mining in Zimbabwe's Marange alluvial diamond fields, Voice of America reports a deal has been reached to sell Marange diamonds. According to the World…

November 2, 2011

Repeat calls for KP reform include enforcement mechanism

American diamond organizations are calling for reforms in the Kimberley Process against a backdrop of growing criticism that the system lacks the ability to effectively deal with rogue countries.

November 1, 2011

Peregrine Diamonds announces $11.8 million rights offering

Peregrine Diamonds Ltd. (TSX:PGD) ("Peregrine" or the "Company") is pleased to announce that it will be offering rights to holders of its common shares of record at the close of…