China’s Fosun spices up battle for Gemfields with 10% bid premium

An increase in demand from Chinese consumers could make diamonds an attractive proposition for investors, according to Bank of America Merrill Lynch

De Beers released the 2011 Report to Society, in which Chairman Nicky Oppenheimer, summarized the efforts of the diamond company and its contributions towards the cause of beneficiation.

Botswana Diamonds has been awarded an additional 262.6 square kilometre prospecting license for the precious gems in the Africa country for an initial period of three years, after which it can be renewed for two additional periods of two years each.

It raises questions about demand for such assets, just as peer Rio Tinto starts work on a potential sale of its diamond division.

Smaller miners are waiting for production cutbacks by the market leaders to prop up prices the way Saudi-Arabia comes to the rescue of oil producing nations whenever the crude price begins to flag.

The bodies of 10 illegal miners were pulled from a collapsed tunnel at a disused diamond mine in South Africa's Northern Cape province De Beers announced late on Saturday.

US-based diamond manufacturing and distribution company Lazare Kaplan International Inc. (LKI) has launched a new social initiative, The Lazare Ongoma Initiative (LOI), which aims involve retailers in supporting education in African countries, such as Namibia.

An increasing demand for diamond jewellery coming from China could help precious stone producers to boost sales in the following months, hinted diversified miner Rio Tinto (LON:RIO) in a release summarizing key insights from a market research.

Zimbabwean miner RioZim Limited is negotiating with global giant Rio Tinto in an attempt to acquire the now jointly own Murowa diamond mine in the in south central region of the country.