May 13, 2011

Errant Indian diamond exporters to face the heat

In a move meant to curtail fake diamond exports and the round tripping of funds and diamonds indulged in by some nefarious diamond merchants, India's central bank, the Reserve Bank…

May 11, 2011

2010: Year of Replenishment, Speculation and Recycling

Any analysis of the 2010 diamond pipeline will need to focus on at least three factors: replenishment throughout the value chain, enormous […]

May 11, 2011

NJN: Mother’s Day Sales Up For Jewelers

Mother’s Day sales improved for many jewelers compared to last year, retailers interviewed by National Jeweler reported.

May 11, 2011

Sotheby’s Q1 sales rise 23%

Sotheby’s reported a net income of $2.4 million in the first quarter ended March 31. Traditionally the auction house posts a loss […]

May 11, 2011

Helped by strong growth abroad, Blue Nile Q1 sales at record $80m

Blue Nile’s first quarter net sales increased 8.3% to $80.2 million, a record first quarter sales level. Net income totaled $2.4 million, inching up from last year.

May 11, 2011

BHP Billiton appoints new president of diamonds unit, announces Ekati expansion

BHP Billiton is moving forward with the Misery open pit project at its Ekati diamond mine in Canada, expecting to start producing […]

May 10, 2011

Mountain Province Diamonds announces results of independent valuation of Gahcho Kué diamonds

Mountain Province Diamonds Inc. (TSX: MPV, NY-AMEX: MDM) today announced the results of an updated independent valuation of the diamonds recovered from the Gahcho Kué Project. The valuation was conducted…

May 10, 2011

The Contango Report: silver contango balloons, sugar backwardation disappears

Has oil moved into backwardation yet? What does corn’s roll yield look like? How do you know when it’s time to buy—or […]

May 10, 2011

Globe and Mail: BHP to mine Ekati diamonds a year longer

Canada's Globe and Mail newspaper reports that BHP Billiton, 80%-owner of the Ekati mine in the Northwest Territories, will make a $400 million investment to expand the mine. The Australian…

May 8, 2011

De Beers to sell Namaqualand to Trans Hex for $33.5M

De Beers announced that it will sell the Namaqualand diamond mine in South Africa to Trans Hex for 225 million Rand ($33.5 million). The sale joins a number of low…