August 3, 2011

Diamond jewellery demand in India may slow after as prices surge

Bloomberg reports demand for diamond jewelry in India may slow as a surge in prices discourages buyers. Polished diamond prices, which jumped about 60 percent to 70 percent in the…

August 3, 2011

Value of diamond production up 45% in one year

Global production of diamonds increased 10.8% in 2010 compared to 2009, and its value soared by 45.2%, as the world economy improved and demand for diamonds restored. The Kimberley Process…

August 2, 2011

Gahcho Kué clears another environmental hurdle

Mountain Province Diamonds announced on Tuesday that the Gahcho Kué environmental impact study – all 11,000 pages of it – has been cleared and the review process – expected to…

August 2, 2011

South Africa mine nationalization ‘closest since end of apartheid’

Businessweek quotes a confidential report prepared for South Africa's mining CEOs as saying South Africa’s ruling party is closer to some form of nationalization than at any other time since…

July 31, 2011

SA firm Redpath clinches R67m contract to build sand tunnel at Botswana’s Ghaghoo diamond mine

Diamond producer Gem Diamonds has awarded a R67-million contract to Redpath South Africa for the development of a sand tunnel at the recommissioned Ghaghoo diamond mine, in Botswana.

July 31, 2011

Firestone Diamonds raises finances for mine development

Mining and exploration company Firestone Diamonds has announced a financing plan that will raise £13.5 million and provide updated development plans for its diamond mining and evaluation projects in Lesotho…

July 29, 2011

Zimbabwe’s diamonds ‘can become a curse’

The Zimbabwe Independent quotes finance minister Tendai Biti (pictured) on Friday as saying the reality of Zimbabwe's situation is that there is no connection between Zimbabwe’s income from diamonds, its…

July 29, 2011

Namibia chamber warns over new tax

Namibia's Chamber of Mines wants the government to reconsider plans to impose a further 17% tax on exploration and mining firms in the southern African producer of diamonds and uranium,…

July 29, 2011

Anglo American CEO interviewed on half-year results

Anglo American, one of the world's largest miners, today reported strong first half growth with operating profit ahead 40% to $6bn. Chief Executive Cynthia Carroll said that investments made during…

July 29, 2011

Africa: ‘Blood Diamond’ regulation system broken

The recent regulatory approval of Zimbabwean diamonds for sale reveals deep flaws in the system, writes Khadija Sharife.