July 20, 2011

Diamond workers strike adds to South Africa mining woes

Employees of diamond mining company De Beers are set to go on strike on Friday after wage talks broke down on Wednesday. The workers follow tens of thousands of others…

July 20, 2011

Jewelry making propels gold demand in China India

Rising appetite for Gold jewelry among households and investors in China and India is driving the global demand for the yellow metal, says a study conducted by the Dubai Multi-Commodities…

July 20, 2011

BHP Billitons diamond production falls in past year

BHP Billiton’s diamond production suffered a double-digit d rop in the fiscal year, the miner reported on Wednesday. The company mined 2,506,000 carats, an 18% year-over-year drop.

July 20, 2011

Fear and loathing on the road to ethics

The Responsible Jewellery Council (RJC) is developing a new certification standard for Chain of Custody (CoC). The intentions are good, but seem to irk the diamond industry, which is why…

July 19, 2011

Canada stocks gain on strong commodities

Strong metal and oil stocks lift the TSX Composite Index Tuesday as the loonie rallies on expectations of eventual rate hike.

July 19, 2011

Branded gold jewellery: Tier II Tier III towns in India to drive growth’

India based credit rating agency CRISIL believes that Tier-II and Tier-III towns in India will drive growth for the branded Gold jewellery retailers over the medium term. Around two-thirds of…

July 19, 2011

Cautious response to sight in India, premiums expected to shrink

The Indian diamond industry’s reaction to the latest DTC Sight has been guarded. Business sentiment has been depressed over the last several days in the wake of the bomb blasts…

July 19, 2011

Sight prices up across the board

Cashing in on continued demand for rough diamonds, prices at the Diamond Trading Company’s Sight this week were increased for almost every single box. With few exceptions, prices were hiked…

July 19, 2011

Petra Diamonds mine revenue up

Diamond producer Petra Diamonds on Tuesday reported a 24% increase in gross mine revenue to US$220.6 million for the year ended June 2011, mainly due to the steady increase in…

July 19, 2011

Diamond traders to speed up ID card drive

To make their business areas more secure, Surat Diamond Association (SDA) members on Monday decided to intensify the drive to get everyone associated with the industry registered with the association…