July 11, 2011

Rio Tinto Diamond Project Wins Social Awareness Award

Rio Tinto has received an award for its significant work in building social capacity in communities surrounding its developing Bunder diamond project in India, the miner reported Monday.

July 11, 2011

Ontario Mace Makes Historic Home Mine Visit

The ceremonial mace from the Ontario Legislature came full circle recently when it visited the De Beers Canada Victor Mine in northern Ontario, the place where the two diamonds set…

July 11, 2011

Impure diamonds make perfect computers

Diamonds have the potential to act as building blocks for quantum computing. In an article published in Nature Physics last month, a group of researchers found that the nitrogen vacancy…

July 10, 2011

Namibia’s diamond production slides 9%

Namibia's diamond in the first five months of 2011 totaled 528,333 carats, declining 8.9% compared to last year, according to Ministry of Mines and Energy figures released by broking firm…

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.