ALROSA to auction large rough diamonds in Vladivostok

The global diamond industry has announced the establishment of World Diamond Mark, an international non-profit marketing organization funded under the initiative of mid-tier players.

Rio Tinto's auction of a fresh set of multi-hued diamonds from its Argyle mine in Australia have elicited strong competition amongst bidders hailing from both Asia and Europe.

African exploration and development firm DiamondCorp PLC (LON:DCP) was full of good news on Friday, as it revealed it is raising $1.6 million from a share placing to help fund the expansion of its Lace mine in South Africa.

Canadian Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) has confirmed it has received "various indications of interest" about the potential purchase of its luxury retail business.

Firestone Diamonds (LON:FDI) announced Thursday that it has partnered up with First Element Diamond Services and opened a new tender facility at the Antwerp World Diamond Centre, in Belgium.

Diavik Diamond Mines Inc., operator of the Diavik open pit mine in Canada's Northwest Territories, has been chosen as one of the country’s Top 100 employers for the second consecutive year.

BHP Billiton (ASX,LON,NYSE:BHP), the world’s biggest miner by market value, posted Wednesday a weaker than expected September quarter from its West Australian iron ore mines as the company’s work on expansion plans affected production figures.

Harry Winston Diamond Corp. (TSX:HW, NYSE:HWD) reduced Tuesday its 2012 production target for the Diavik mine to 7.4 million carats as the operation shifts its efforts to concentrate on processing higher-valued diamonds.

Firestone Diamonds (LON:FDI) announced Tuesday the recovery of a batch of very rare type 2 diamonds from its Liqhobong mine in Lesotho as well as an even scarcer blue diamond.