August 24, 2011

State-owned diamond company in Ghana handed over to private investor

The Ghana government handed over state-owned Ghana Consolidated Diamonds (GCD) to a new investor, Great Consolidated Diamond Ghana Ltd (GCDGL), at a ceremony held on Tuesday in Akwatia, 80 km…

August 22, 2011

Namdeb strike leads to legal action, lockouts

Namdeb is initiating legal action against a number of union officials and unionized workers. The step is the latest in a deteriorating battle between the diamond-mining firm and a group…

August 21, 2011

Jewellery makers find creative ways to use less gold

The Business Standard reports with gold prices setting new record highs every alternate day, jewellery makers are adopting various methods to minimise its use in diamond jewellery without compromising look…

August 21, 2011

US jewelry industry now a $65 billion enterprise

New government data has boosted the size of the U.S. jewelry industry by about 5 percent, restoring it to its former level of $65 billion in the peak sales year…

August 19, 2011

Zimbabwe gives mines 14-day deadline to hand over majority

Zimbabwe's government has given foreign companies including miners and banks a 14-day ultimatum to submit plans on how they propose to transfer majority stakes to local owners or risk losing…

August 19, 2011

Zimbabwe gives foreign firms empowerment ultimatum

Zimbabwe's government has given foreign firms, including mines and banks, a 14-day ultimatum to submit "acceptable" plans on how they propose to transfer majority shares to locals or risk losing…

August 19, 2011

FLASH: Gem Diamonds earnings up 489 pct

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August 19, 2011

Production and investment forecasts in the Namibian mining industry: uranium set to overtake diamonds as Namibia’s largest foreign currency earner

Research and Markets (http://www.researchandmarkets.com/research/5cb789/production_and_inv) has announced the addition of Frost & Sullivan's new report "Production and Investment Forecasts in the Namibian Mining Industry" to their offering. This research

August 18, 2011

Kazakhstan looking increasingly attractive to international businesses, investors says GCM Worldwide

Kazakhstan, strategically placed between China and Russia, has a wealth of mineral riches which it is eager to profit from. While Kazakhstan is probably best known for its oil, changes…

August 18, 2011

Kidnappers release Brazilian diamond dealer without ransom

Brazilian businessman who was kidnapped early yesterday morning was rescued by an off-duty police rank at Hararuni, Soesdyke/Linden Highway, after his abductors released him.