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?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
