August 28, 2011

Japan’s Taste for Value over Volume Strengthens in June

As Japanese consumers increase their purchases of high-ticket items, the country's imports of diamonds also reflect a less for more trend. Polished diamond imports in June increased 18.1 percent in…

August 25, 2011

Over the counter trade in Russia values Alrosa at $8.6 billion

Interfax reports Russia state-owned diamond miner Alrosa is up 22% on the country's trading board for unlisted stocks since it was first quoted there on July 18. The price of…

August 25, 2011

The secrets of diamond mining are forever

24/7 Wall St says the global diamond mining industry may be one of the world’s best-kept secrets and diamond mining is not unlike the oil business, where about 100 massive…

August 25, 2011

Signet Q2 sales up 11% to $797.6 million

Signet Jewelers Limited reported a 10.8 percent increase in sales to $797.6 million in the second quarter. Same store sales at the world's largest specialty retail jeweler popped 9.9 percent…

August 25, 2011

32.7 carat vivid yellow diamond expected to fetch $6 million

A 32.77 carats fancy vivid yellow diamond will be offered at Christie’s Magnificent Jewels auction in New York on October 18. The diamond is expected to find a buyer willing…

August 24, 2011

BHP diamond revenues +12 pct

BHP Billiton, owner of the Ekati diamond mine, reported revenues of $1.01 billion from diamond sales in the fiscal ear ending June 30, 2011, a 12.1 percent increase from the…

August 24, 2011

Dog eats $10,000 worth of diamonds

MSNBC reports a Georgia dog dined on a meal of $10,000 worth of diamonds.

August 24, 2011

Mountain Province breaks off third party talks for $600 million Gahcho Kué project

Mountain Province Diamonds said on Wednesday it is breaking off talks with unspecified parties that showed an interest in the company and is instead focusing on advancing its Gahcho Kué…

August 24, 2011

State-owned diamond company in Ghana handed over to private investor

The Ghana government handed over state-owned Ghana Consolidated Diamonds (GCD) to a new investor, Great Consolidated Diamond Ghana Ltd (GCDGL), at a ceremony held on Tuesday in Akwatia, 80 km…

August 22, 2011

Namdeb strike leads to legal action, lockouts

Namdeb is initiating legal action against a number of union officials and unionized workers. The step is the latest in a deteriorating battle between the diamond-mining firm and a group…