July 1, 2011

Sierra Leone diamond miner secures funding for $150m expansion

Sierra Leone’s largest diamond-mining company, Koidu Holdings, says it has secured funding for the $150-million expansion at the Koidu kimberlite project and implementation is gaining momentum. CEO Jan Joubert reports…

July 1, 2011

Botswana Diamonds update exploration activities

During a review of earlier work on AK9, prior to beginning the bulk sampling, it was discovered from an analysis of micro diamonds that a potential high grade kimberlite could…

July 1, 2011

Russia, Yakutia region to reduce combined stake in Alrosa

Russia and the Yakutia region plan to reduce their combined holding in the Alrosa diamond miner to 50 percent plus one share during the next three years, deputy finance minister…

June 30, 2011

IDI office in Hong Kong gets new MD

The Israel Diamond Institute Group (IDI) representative office in Hong Kong, IDI – Asia Pacific, has a new managing director. Michal Gordon-Keret replaces Orly Yaffe, who opened the office in…

June 30, 2011

Christie’s to exhibit Elizabeth Taylor’s jewelry prior to its gala sale

Her love for jewelry was so celebrated, Christie's decided to hold a gala Evening Sale of Elizabeth Taylor's most magnificent jewels. The auction house plans a series of public exhibitions…

June 29, 2011

Star sells Rio’s sparklers to China

Most Australians have never heard her name, but WA's biggest diamond producer hopes Hong Kong celebrity Louisa So Yuk Wa will help launch it into one of the world's fastest-growing…

June 29, 2011

Crucial meeting on Zimbabwe’s diamond exports and $5bn stockpile ends in disarray

SW Radio Africa reports the seemingly unilateral decision by the chairman of the international diamond trade watchdog to allow Zimbabwe to resume diamond exports has been rejected by among others…

June 29, 2011

Government urges Tanzanite mine to double wages to $215/month

The Dar es Salaam Citizen reports Tanzanite One Mining, the dominant miner of the rare gemstone only found in the foothills of Mount Kilimanjaro, has been ordered to increase the…

June 29, 2011

Osama was buying, selling gold jewellery in Pak lair, perhaps to raise money: Report

The Osama bin Laden household in Pakistan's Abbottabad town used to buy and sell gold jewellery, perhaps as a way to raise money, it has emerged. Nearly two months after…

June 29, 2011

Indian Polished Prices Stable with Less Than Expected China Demand

With the Hong Kong show not having generated the sort of red hot demand that dealers expected, polished diamond prices in Mumbai have remained relatively stable.