September 14, 2012

Liberia tells the UN it lacks funds to fight blood diamonds

Liberia's questioned commitment to the diamond industry’s efforts to prevent blood gems trade has driven the US Agency for International Development (USAID) to threaten with cutting the program, but authorities…

September 14, 2012

Alrosa sells 51% in Timir iron ore project to Evraz

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…

September 13, 2012

Botswana diamonds: Additional diamonds discovered in Libongo, Cameroon

Botswana Diamonds said two additional diamonds have been recovered from the ongoing sampling program on the Libongo palaeoplacer project in Cameroon.

September 13, 2012

Quebec’s first diamond mine may see delays

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.

September 13, 2012

Mining outlook for Canada’s North less promising than projected

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.

September 12, 2012

Botswana Diamonds finds more gems in Cameroon

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.

September 11, 2012

Kim Rothstein charged with hiding $450,000 yellow diamond ring

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…

September 11, 2012

Lucara reports excellent Karowe sales results

Canada's Lucara Diamonds (TSX:LUC) sold $13.4 million worth in diamonds.

September 11, 2012

Diamond swallowed at exhibition a fake; $13,000 gem still missing

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.

September 11, 2012

Diavik mine to axe jobs in the eve of open pit closure

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.