May 26, 2011

Four oversold big miners that should rally

The S&P GSCI Index of 24 raw materials dropped about 10% since the Goldman (GS) sell call on April 11. It was up over 1% today on the new bullish…

May 26, 2011

Alrosa’s annual production tops De Beers again, reveals world’s largest diamond reserves

The secretive Russian diamond giant Alrosa on Thursday provided a rare glimpse into its finances and operations ahead of a possible public offering. The state-owned company supplies about a quarter…

May 24, 2011

Russia’s Alrosa to keep plum mine asset – source

Reuters reports on Tuesday Russian diamond monopoly Alrosa may use the spoils of high diamond prices to develop an asset in northwest Russia rather than let a foreign miner such…

May 24, 2011

Zimbabwe central bank: Sell diamonds to set up gold-backed currency

The Israeli Diamond Industry website reports the governor of Zimababwe's central bank is proposing that the country sell its diamonds to fund a gold-backed currency to replace the defunct Zimbabwean…

May 20, 2011

Harry Winston plans to secure additional polished diamond supply in support of its growth objectives

Harry Winston Diamond Corporation (TSX:HW) (NYSE:HWD) (the "Company") is pleased to announce that it has entered into a business relationship with Diamond Asset Advisors AG ("DAA") who are in the…

May 20, 2011

Oraco Resources announces acquisition of diamond and gold mining operations in West Africa

Oraco Resources, Inc. (“Oraco”) announced today that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town, Pujehun…

May 20, 2011

Pandora shares down on missed Q1 forecast

Fast-growing Danish jewellery maker Pandora (PNDORA.CO: Quote) missed forecasts with a 55 percent rise in first-quarter profit as price rises failed to […]

May 19, 2011

China’s interest in Latin American commodities continues

Latin America used to be known for its economic and political instability. But it fought off the global financial crisis with relative […]

May 19, 2011

India Net Polished Exports $553M in April

Gross exports of polished diamonds from India continue to grow, rising 5.5% year over year. In April the country exported nearly 5 million carats worth $2.05 billion, according to the…

May 19, 2011

Dalumi Sets Foot in Mumbai

Israel-headquartered diamond firm Dalumi opened an office in Mumbai, saying it wants to be closer to the fastest growing diamond center in the world.