September 15, 2011

400 firms apply for diamond licences as Zimbabwe softens ownership blow

Zimbabwe's mines minister on Thursday told delegates at a conference in the capital Harare that the government has received 400 applications from companies interested in mining diamonds, despite an international…

September 15, 2011

More Canadian mining CEOs join the millionaires club in 2011

VANCOUVER, Sept. 15, 2011 /CNW/ - In 2011, Canadian mining CEOs are enjoying high salaries on par with 2010's blockbuster year for compensation and there has been a rise in…

September 14, 2011

Firestone Diamonds moves only 14% of tender carats at 15-20% lower price

Firestone Diamonds said Wednesday rough diamond prices have fallen about 15% to 20% since the start of August as market uncertainty begin to take a heavier toll. This after prices…

September 13, 2011

CIBJO mourns death of gemstone industry veteran Francesco Roberto

The World Jewellery Confederation, expressed its great regret and sorrow upon the death of Francesco Roberto, who passed away on September 12 after a long illness, at the age of…

September 12, 2011

Stornoway adds to sparkle for investors

Stornoway Diamond Corporation involved in the discovery of over 200 kimberlites in seven Canadian diamond districts will join S&P/TSX SmallCap Index at the end of the week, a move which…

September 12, 2011

Diamond miners in Zimbabwe to set up independent power line

The companies in question mine diamonds in the Chiadzwa region (illustrative photo) A number of diamond mining companies operating in Zimbabwe intend to set up their own power line after…

September 12, 2011

Gold falls 1 percent on dollar, jewellers shop around

Gold fell more than 1 percent on Monday after ending at its lowest level since June last week but bargain hunters could cushion the fall, while escalating worries about Europe's…

September 11, 2011

Debut diamonds commences airborne geophysical survey over Ontario claim

Canadian development company Debut Diamonds Inc reports that Tundra Airborne Surveys Ltd. has mobilized to commence a high-sensitivity/high-resolution airborne magnetic survey over its 229 square kilometer claim block immediately to…

September 11, 2011

WFDB President calls on diamond trade to be positive ahead of Hong Kong show and holiday sales season

"As the pace of polished sales is now set in the major Asian markets, in particular in China and India, we have good reason to be optimistic about significant growth…

September 11, 2011

Zim miners forced to build own power

A handful of diamond mining companies affected by crippling power cuts in Zimbabwe have been forced to set up their own dedicated R36m power line, a newspaper reported Sunday.