October 20, 2011

Mined out town to De Beers: ‘Our suffering is forever’

A small South African community 300km north of Cape Town is taking on De Beers over the diamond giant's plans to sell its 970 square km Namaqualand properties to a…

October 20, 2011

Alrosa ups profits 5-fold, says IPO no longer necessary

BusinessWeek reports Alrosa says it mined more diamonds than global rival De Beers in 2009, 2010 and the first half of 2011 and is benefiting from prices for rough diamonds…

October 20, 2011

Dust-up over small gold, diamond explorer involves some big names

A dispute between investment banker Euro Pacific Canada Inc. and Midlands Minerals Corp. (CVE:MEX) is drawing in two of the biggest names in the gold investing industry. The Globe and…

October 20, 2011

US polished diamond imports rise 29% in August

U.S. net polished diamond imports increased 28.8 percent to $258.3 million in August compared to August 2010. Prices of polished diamonds started to soften in August as traders started to…

October 20, 2011

India cuts rough diamond imports sharply in September

Net rough diamond imports by India in September totaled $789.8 million for 5.13 million carats. This is a moderate 10.3 percent decline in the value of net imports compared to…

October 18, 2011

Lydia Diamond reports from the courts

Further to its press release dated December 23, 2009, Lydia Diamond Exploration of Canada Ltd. ("Lydia Diamond") announces that a decision has been rendered in the previously announced dissent proceedings,…

October 17, 2011

Lucara Diamond says AK6 in Botswana now 84% built, Lesotho project nearing pre-feasibility

Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC) is pleased to provide the following update on the development of its AK6 diamond mine in Botwsana which is rapidly nearing completion…

October 17, 2011

Stellar Diamonds Final Results For The Year Ended 30 June 2011

Stellar Diamonds plc, the London listed (AIM: STEL) diamond mining and exploration company focused on West Africa, announces its audited results for the year ended 30 June 2011.

October 17, 2011

Zimbabwe’s PM critical of local ownership rules for mining companies

Speaking at an agricultural conference in Johannesburg on Monday, Zimbabwe's PM Morgan Tsvangirai described the country's controversial law requiring foreign mining companies to be majority-owned by local blacks as too…

October 16, 2011

Rio Tinto Q3 production slowly recovering

Rio Tinto’s third quartet diamond production increased 29 percent compared to production in the second quarter of 2011, however remains flat year-over-year.