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.

June 29, 2011

DDC, IDCA Ink Reciprocal Membership Agreement

The New York Diamond Dealers Club (DDC) and the Indian Diamond and Colorstone Association (IDCA) have agreed on reciprocal membership. IDCA represents some 200 Indian-American businesses in the U.S. diamond…

June 29, 2011

IDE Auctions Art, Soccer Ball to Raise Money for Health Center

In an event full of music, art and goodwill, the Israel Diamond Exchange raised 1.25 million NIS ($364,000) for an organization that helps the sick and their families.

June 28, 2011

China’s massive appetite for commodities sparks concern

China’s massive appetite for commodities is creating concerns for the global economy, the environment and workers in other countries. In a series of reports, VOA is looking at the economic…

June 28, 2011

Israeli Diamond Trader Caught in $2.5M Smuggling Attempt

An Israeli diamond dealer was caught trying to smuggle into Israel polished diamonds worth $2.5 million. Traders need only declare polished imports and are tax exempt – if brought in…

June 28, 2011

IDEX Online Research: Jewelry Price Inflation Cools in May

Jewelry price inflation at both the retail and supplier levels moderated somewhat during May. While certain underlying commodities continue to climb in price – notably polished diamonds and gold –…

June 28, 2011

Rum Jungle Resources Limited (ASX:RUM) announce Barrow Creek 1 Resource Estimate

Rum Jungle Resources Limited has received an initial assessment of the Resource potential of the drilled grid area at Barrow Creek 1 from the Independent Geologists. The Company is extremely…