August 17, 2012 Anglo American completes acquisition of De Beers Anglo American (LON:AAL) has completed its acquisition of a 40% stake in the De Beers Group from the Oppenheimer family, which has had a major ownership stake in the diamond…
August 16, 2012 Rockfall at Diavik mine stops open pit work for a week Five thousand tonnes of rock fell from the edge of the open pit at Diavik Diamond Mine last week but employees got out 10 hours before the rockslide started.
August 16, 2012 Weak markets force Alrosa to dump stock in state repository for the first time since 2009 Alrosa said the sales were a measure aimed at maintaining acceptable price levels as the company's clients signaled that they were experiencing financial trouble in 2H 2011.
August 16, 2012 Petra Diamonds reduces 2012 production guidance London-listed Petra Diamonds has reduced its production targets at its mines in Africa for this fiscal year by 0.25 million carats to 2.85 million carats.
August 16, 2012 Rio Tinto Has ‘Multiple Options’ for Diamond Business Rio Tinto is “looking at multiple options" for its diamond business and plans to sell the diamond assets are “well advanced,” according to Chief Financial Officer Guy Elliott.
August 16, 2012 IDEX Online Research: Long Term Growth Prospects Bright for Global Jewelry Market Dire predictions about a severe decline in Europe’s population over the next several decades have been revised to show that the number of people in the region will drop only…
August 14, 2012 Nobel laureate to Africa’s new resource rich: You’ll probably end up poor Joseph E. Stiglitz, Nobel laureate in economics and professor at Columbia University, has some sobering thoughts for Ghana, Uganda, Tanzania, and Mozambique.
August 14, 2012 Slower diamond demand growth foreseen for 2012 Growth in global diamond demand will probably slow this year to 3% to 5%, Varda Shine, CEO of the Diamond Trading Co, De Beers SA’ trading arm.
August 14, 2012 Kimberley Process in search of new conflict diamonds definition Kimberley Process leader Gillian Milovanovic is proposing a new definition of conflict diamonds to include acts of violence and broader human rights issues.
August 14, 2012 Harry Winston sues American retailer whose name has a familiar ring Toronto-based jeweller and watchmaker Harry Winston, is suing M.K. Winston Jewelers for alleged copyright infringement.
