July 15, 2011

Surti diamond trader dies in Mumbai serial blast

A diamond trader of Surat died, while three others sustained serious injuries in the bomb blast that took place at Zaveri Bazaar in Mumbai, on Wednesday evening. Part of a…

July 15, 2011

Rocked by blasts, Mumbai diamond traders may shift to new bourse

"Many of the Opera House diamond merchants' clients are from Israel...they are no strangers to terror and blasts," said Vasant Mehta, a leading merchant who was at home recovering from…

July 15, 2011

Commodity falls and fears for stress tests see FTSE decline

Falls among commodity issues sapped the strength of Britain’s top share index yesterday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the…

July 14, 2011

Report: threat of army takeover looms large in Zimbabwe

Neighbour South Africa's influential Business Day reports as Zimbabwe’s shaky unity government inches ahead with extensive electoral reforms ahead of fresh elections now expected next year, the prospect of the…

July 14, 2011

UPDATE 1-Harry Winston Q2 diamond output up on higher grades

Diamond miner and retailer Harry Winston posted a 4 percent rise in ore processed in the second quarter, helped by the recovery of higher grades, and the company will hold…

July 14, 2011

Diavik’s Q2 Production 1.79M Carats, Prices Rise ~8% in a Month

Diavik produced 1.79 million carats in the second quarter of 2011, 11% more than it produced in the same period of 2010, Harry Winston Diamond reports.

July 14, 2011

Fairfax Market Report including Goldplat, Ncondezi Coal and Paragon Diamonds

Morning View The QE3 debate is firmly back on the table. • The prospect of a third round of stimulus has pushed gold prices to a record high. • Stalling…

July 14, 2011

U.S. Rough Imports Grows to $70M

The U.S. imported $70.1 worth of rough diamonds in May, according to the Dept. of Commerce, growing 14.1% from May 2010 and by 97.1% compared to April 2011.

July 14, 2011

Blasts jolt Surat diamond industry

The blasts in Opera House, Zaveri Bazar and Dadar resulted in deaths and critical injury for many employed in the flourishing diamond trade industry.

July 14, 2011

India’s bullion street rocked by bomb blasts

MUMBAI, India (Commodity Online): India's most prominent Gold street has been hit by bombs. Three bombs rocked the gold and diamond hubs of Mumbai, India's sprawling commercial capital on Wednesday…