DIAMONDS AND GEMS

DIAMONDS SECTOR IN CRISIS

Gem Diamonds bloodied

Monday , 17 Nov 2008
Average prices for prized Letšeng diamonds have fallen 45% from USD 2,512/carat in first-half 2008 to an average USD 1,382/carat, so far, in the fourth quarter. But is this yet the bottom?
FIT FOR CRISIS?

Diamond miner Trans Hex turns corner in Angola, but financials bleak

Wednesday , 12 Nov 2008
CEO Llewellyn Delport says the company is for the first time achieving success in Angola.
GOVERNMENT REVIEW

Aredor diamond mining licence to be cancelled

Sunday , 09 Nov 2008
Canadian controlled Guinean diamond miner, Aredor, is to have its licence cancelled having been accused of ceasing operations for three years.
SUSTAINABLE PRODUCTION IN 09

First fancies from Voorspoed

Wednesday , 05 Nov 2008
De Beers’ new Voorspoed mine has delivered some yellow and pink stones in the first months of production. It has also produced white diamonds of promising value at $120/carat.
VOORSPOED, SOUTH AFRICA

De Beers opens new 800,000 carats/yr diamond mine

Tuesday , 04 Nov 2008
De Beers has opened its new Voorspoed mine in South Africa, that is expected to produce 800,000 carats per year once at full capacity.
T1 STILL OPPOSING

Gemfields “firms up” battle for Tanzanite One control

Wednesday , 22 Oct 2008
Gemfields CEO Sean Gilbertson talks about the offer and Gemfields’ future plans for T1.
INTERVIEW

Diamond Bourses Federation chief worried about diamond sector debt burden

Tuesday , 21 Oct 2008
The head of the World Federation of Diamond Bourses urges his colleagues to have liquidity, and to reduce diamond supply.
LOWER SA PRODUCTION

South African diamond industry in "crisis"

Monday , 06 Oct 2008
A short supply of rough diamonds is causing the South African diamond industry to shrink.
U.S. ECONOMY IS FACTOR

Gilbertson's scion battling fierce Tanzanite One

Thursday , 25 Sep 2008
Pallinghurst Resources’ Gemfields suspects treachery by Tanzanite One’s non-executive directors who are allegedly milking the company cow for their own gain.
’EXTREMELY UNDERVALUES COMPANY’

Tanzanite One rejects Gemfields US$63.3m offer

Wednesday , 24 Sep 2008
Advisor says Tanzanite One’s expansion into tsavorite could result in huge margins and substantial profit.
LARGEST ROUND STONE

Gem expects to find more large diamonds at Letseng

Monday , 22 Sep 2008
LSE-listed Gem Diamonds believes there are more large stones where its latest 478 carat discovery came from. A size frequency distribution model indicates that large, high quality stones will be found on a regular basis.
LETSENG MINE

Nearly 500-carat flawless diamond found in Lesotho

Sunday , 21 Sep 2008
Lesotho miners have discovered one of the world’s largest diamonds at the Letseng mine, which has already yielded four of the world’s 20 largest rough diamonds.
RUSSIAN RUMBLE IN THE JUNGLE

Alrosa agrees with DRC on Sengamines takeover

Tuesday , 16 Sep 2008
Mining entrepreneur Mike Nunn says First African Diamonds, a company he owns, was illegally expropriated, and that he is taking the DRC government to arbitration in Geneva.
FABERGE BRANDING

Pallinghurst biddding for Tanzanite One via Gemfields subsidiary

Friday , 12 Sep 2008
Gemfields, majority owned by Brian Gilbertson's Pallinghurst, is to make an offer for the world's only miner of the Tanzanite rare gemstone only found in Tanzania.
40 MILLION CARAT RESOURCE

Petra Diamonds buys another big one

Tuesday , 09 Sep 2008
Petra Diamonds talks about the significance of its latest acquisition and expansion into Tanzania with the purchase of the Williamson Diamond Mine.
WEST COAST CONSOLIDATION

De Beers, Trans Hex in talks on diamond mining operations

Thursday , 04 Sep 2008
Leading diamond mining and sales group De Beers has started discussions with Trans Hex on Namaqualand Mines as the group is concentrating on high-return, mega diamond mines.
ZERO H1 EPS

Gem Diamonds looks to acquisition opportunities

Saturday , 30 Aug 2008
Despite recoding only break even earnings in the first half of the year, CEO Clifford Elphick sees the difficult markets as providing good acquisition opportunities.
FABERGÉ BRANDING

Pallinghurst to do for coloured gemstones what De Beers did for diamonds

Wednesday , 20 Aug 2008
Brian Gilbertson, leading resource personality and chairman of Pallinghurst, says the company can create reliable supply of coloured gemstones in the neglected sector with already high margins.
CAUGHT IN THE DRIVEN WASH

A rough diamond story

Wednesday , 20 Aug 2008
Rough diamond prices continue to rise, and listed diamond stocks continue going down, and down.
LATEST PRICE RISE IN AUGUST

Strong diamond demand allows De Beers to raise prices 16 percent this year

Tuesday , 19 Aug 2008
De Beers has raised rough diamond prices by 16 percent so far this year, including another price hike in August, due to strong demand, but cautious about second half.
‘SHARP INCREASE’ IN DIAMOND INVENTORIES

Dubai's first half-2008 diamond trade hits $3.03b

Monday , 18 Aug 2008
The success of Dubai’s growing diamond import and export trade has prompted the Dubai Diamond Exchange to initiate special “sales weeks” on a monthly basis, beginning on August 26.
500,000 CARATS ANNUALLY FROM END 2009

DiamondCorp set to rock at Lace diamond mine

Tuesday , 05 Aug 2008
CEO Paul Loudon talks to Mineweb about the critical next twelve months for the company that could see DiamondCorp proving the Lace Mine in South Africa’s ability to generate a heap of cash.
‘DISAPPOINTED’ ON JUNIOR’S STATEMENT

De Beers in brawl over AK6 diamond mine in Botswana

Friday , 25 Jul 2008
Leading diamond producer De Beers and junior African Diamonds are entering a legal battle over the development of the AK6 project. The major wants to postpone its development due to the power shortage in the region.
ALROSA SUSTAINS EXPORT POSITION

Run of mine, run of mill - Alrosa report reveals surprises

Thursday , 24 Jul 2008
Alrosa issues IFRS report on diamond financials.
SECOND TAKE

Diamonds vs. the rest

Wednesday , 23 Jul 2008
Do the latest De Beers results provide any insight into why listed diamond stocks are performing like dogs?
OPENING AHEAD OF SCHEDULE

De Beers powers ahead with three new diamond mines

Wednesday , 23 Jul 2008
Diamond miner De Beers is opening a record three new diamond mines this year and is set to produce higher quality gems from these.
CAUTIOUS ON SECOND HALF

Ten percent rise in 1H diamond sales from De Beers

Wednesday , 23 Jul 2008
Strong growth in diamond sales in Russia, India, China and the Middle East has helped offset impact of U.S. economy on sales there. Price rises help too.
INVESTOR HUB: Gold / Copper

   


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