June 26, 2011

Strong demand for squares, parcels at Hong Kong show

High prices sway buyers towards goods otherwise they would not have widely considered, according to exhibitors at the June Hong Kong Jewellery & Gem Fair. Buyers opted for Very Good…

June 25, 2011

India decries KP impasse on Zimbabwe

India has decried the failure of the Kimberley Process (KP) to formulate an agreement on the export of diamonds from Zimbabwe’s Marange diamond fields. A statement from Rajiv Jain, Chairman…

June 24, 2011

Peregrine discovers three more Kimberlites at Chidliak

Peregrine Diamonds reported the discovery by drilling of three new kimberlites, CH-56, CH-57 and CH-58, on the Chidliak project ("Chidliak" or "the Project"). Chidliak is located on southern Baffin Island…

June 24, 2011

Diamonds North announces flow-through financing

Diamonds North Resources announced a non-brokered private placement to raise up to $750,000 through the sale of flow-through shares at a price of $0.16 per share, subject to TSX Venture…

June 24, 2011

No consensus, no clarity on Zimbabwe exports

The Kimberley Process failed once again to reach a decision about the exports of rough diamonds from Zimbabwe's Marange region. The failure comes despite the willingness of key countries to…

June 24, 2011

Kimberley Process members still divided over Zim diamonds

Zimbabwe has been given the green light to sell diamonds from its Marange diamond fields by the industry's leading certification system, but the decision did not have the backing of…

June 23, 2011

Commodities fall most in seven weeks

Bloomberg reports that commodities dropped the most in seven weeks after the International Energy Agency announced plans to release emergency oil supplies.Gold for August delivery fell 2.4 percent to $1,516.60…

June 23, 2011

WGC launches initiative to combat conflict gold

The World Gold Council (WGC) produced a draft framework of standards designed to combat gold that enables, fuels or finances armed conflict. The standards, which were compiled together with the…

June 23, 2011

IDEX Online Research Rough Diamond Market Report: Is Rough Chasing Polished Now?

The rough diamond sector is on fire. Traders are buying rough, willing to pay prices that they have not imagined possible just a few months ago. DTC's decision to raise…

June 23, 2011

Tiffany appoints new CFO, Fernandez promoted to COO

Tiffany & Co. today announced the appointment of Patrick F. McGuiness as senior vice president and chief financial officer. Outgoing CFO James N. Fernandez has been appointed to the newly-created…