June 19, 2011

Zimbabwe vows to defy rules on ‘blood diamonds’

Zimbabwean president Robert Mugabe has promised to sell diamonds from his country's controversial Marange mine ''sanctions or no sanctions'', and the country that would be his biggest customer, India, is…

June 19, 2011

The king of really big diamonds heads to China

The New York Times profiles Laurence Graff, whom the paper calls perhaps the biggest dealer in seriously big stones. In 2008, Graff Diamonds turned a pretax profit of $77 million…

June 17, 2011

Zimbabwe mining sector in $1bn deal with development banks

The Zimbabwe mining industry is expected to conclude a US$1 billion revolving facility at a number of African development banks to recapitalize mining firms as it emerges from a decade…

June 16, 2011

Russia muscles in on Zimbabwe’s $5bn diamond stockpile

SW Radio Africa news reports India has raised concerns as Russia is set to join China in moves to control diamond mining in Zimbabwe, with the Federation’s state diamond group…

June 16, 2011

Strong Demand from Antwerp, Declining Interest for Near Gem at Diamdel

Diamdel sold 251 of the 256 rough diamond lots it offered at its recent auction. Demand for large goods, 2+ ct items, grainers and smaller goods increased compared to the…

June 16, 2011

Arjav Auction Opens Big Window for Small Dealers

Over 70 of the 120 bidders at the first online rough diamond auction held by Arjav Diamonds were small dealers who were able to successfully compete for rough against large…

June 16, 2011

Rio Tinto Pleased with LV Marketing Model

Rio Tinto’s inaugural participation in the Las Vegas shows was well received the company said Thursday. The diamond miner sought to support its clients by showcasing them in its boots…

June 16, 2011

ABN AMRO Considering Israeli Branch, ‘Would Increase Financing to Israeli Diamond Trade’

Executives from leading diamond industry financer ABN AMRO met with Israel's Supervisor of Banks this week, as they are mulling over the possibility of opening a branch in the country.…

June 15, 2011

Vaaldiam stock near all time low after loss more than triples and Brazil mine ops suspended

Vaaldiam Mining net loss more than tripled in the first quarter to $7.6m after suspending operations at the Duas Barras diamond mine in Brazil. By close of trade on Wednesday…

June 14, 2011

IDEX Online News – IDEX Online Research: Signet’s New CEO Outlines His Priorities

Mike Barnes, Signet Jewelers’ new CEO who has been on the job for just a few months, took the opportunity to “set […]