July 9, 2011

William and Kate visit Yellowknife, get Diavik diamonds

Polar bears were the theme of the diamond jewelry items presented to the Duke and Duchess of Cambridge during their visit to Canada's Northwest Territories. The newlyweds received a set…

July 8, 2011

Diamond prices bounce back, tempt investors

Reuters reports that diamond prices are now above pre-crisis levels after a 35 to 40 percent rise so far this year. De Beers’ Executive Director, Stephen Lussier says, Diamonds are…

July 8, 2011

Latin American Minerals signs Option Agreement with Olivut Resources for development of Itapoty Diamond Project

Latin American Minerals Inc. (TSX VENTURE:LAT) announced that on July 5, 2011, it signed a definitive Option Agreement for the potential earn-in and joint venture development of the Company's Itapoty…

July 8, 2011

Lucara secures $50m to complete Botswana Diamond Project

Mining Weekly reports Lucara Diamond Corporation (CVE:LUC) has raised $50-million in debt for two gem projects. The market news is quoted as saying, Lucara said it had concluded that the…

July 8, 2011

Diamond Prices Bounce Back, Tempt Investors

Reuters reports that diamond prices are now above pre-crisis levels after a 35 to 40 percent rise so far this year.

July 7, 2011

Zimbabwe says it will pay for foreign firms

Foreign companies in Zimbabwe will not be seized but bought out under a black economic empowerment scheme sponsored by President Robert Mugabe's ZANU-PF party, a government minister said on Thursday.

July 7, 2011

Zimbabwe may sue De Beers over ‘looting’ of diamond fields under international ban

Zimbabwe’s state-controlled Herald newspaper reported on Thursday the Harare government is investigating De Beers over claims it smuggled out gems worth "hundreds of millions of dollars" from the controversial Chiadzwa…

July 7, 2011

Shear Diamonds acquires new claims surrounding Jericho Diamond Mine

Winter diamond mining in Canada (illustrative) Shear Diamonds Ltd. has announced the acquisition of 34 newly staked claims totaling 77,250 acres contiguous with the Carat Property surrounding the Jericho Diamond…

July 7, 2011

Diamonds worth $11m sold in Alrosa’s first online auction

Alrosa invited 30 diamond companies from Russia and abroad to bid in the online auction Russia's state-owned diamond producer Alrosa told $11 million worth of diamonds in its first online…

July 7, 2011

Diamonds lure insurance investor Cowdery as gems beat gold

Clive Cowdery, the Resolution Ltd. founder who made about $240 million buying and selling insurers, is betting on diamonds after prices rose five times faster than gold this year on…