Solid demand for large stones boosts Gem Diamonds sales

Russia’s state-owned diamond company Alrosa said its board approved the sale of 51% of its Timir iron-ore unit in Siberia to Evraz Plc (EVR), the steelmaker part-owned by mining billionaire Roman Abramovich.

Canadian Stornoway’s Renard diamond project might not be ready by 2015 due to delays in the construction of the Route 167 extension from Chibougamau to the Otish Mountains.

Sinking global commodity prices have negatively impacted Canada’s North near-future mining outlook, but longer-term prospects for the industry in the three territories remain strong.

London-listed Botswana Diamonds (LON:BOD) said Wednesday it recovered two new diamonds from the on-going sampling programme on the Libongo palaeoplacer project in Cameroon.

Kim Rothstein, the second wife of disbarred US attorney Scott Rothstein, who ran a massive $1.2 billion fraudulent investment scheme, was charged with conspiracy to commit money laundering last week as she hid $1 million in jewellery from U.S. authorities trying to seize his assets to repay investors.

Sri Lanka's diamond-swallowing story took an surprising turn Tuesday as police revealed the 1.5 carat stone gulped by Chou Wan, 32, at a gem show was fake.

Massive layoffs are expected before the end of the month at Diavik, in Canada's Northwest Territories, as the diamond mine is set to close its open-pit section.

London-listed Petra Diamonds shares were on the rise again Monday after the company revealed Friday it had started selling three of its non-core mines.

De Beers has the exclusive right to enter into a joint venture agreement with Peregrine for the Chidliak diamond project located on Baffin Island, Nunavut, Canada.