Richland revenues down due to illegal tanzanite mining

Gemstone producer and developer, Richland Resources (formerly TanzaniteOne) said its revenues for the first half of the year 2012 fell 19 percent to $8.4 million compared to $10.4 million in the previous corresponding period.

Diamond Intelligence Briefs | October 2, 2012 | 1:28 pm

Zimbabwe PM Party to renegotiate diamond deals with China

Zimbabwe Prime Minister Morgan Tsvangirai's MDC party says it will renegotiate all transactions agreed upon between the ruling ZANU PF party and foreign investors such as China, particularly on controversial issues like the Marange diamond fields, repo...

Diamond Intelligence Briefs | July 15, 2012 | 2:04 pm

India’s new tax measures may impact global diamond demand

With diamond jewelry demand booming in India, the phenomenal rise of domestic consumption has somewhat compensated for the decline in diamond jewelry demand in the traditional markets, especially the United States.

Diamond Intelligence Briefs | March 22, 2012 | 4:06 pm

Platinum-based diamond jewelry to grow in India in 2012

Diamond-jewelry manufacturers in Gujarat say they are increasing their focus on platinum given that frequent price fluctuations in gold and silver are driving India's jewelry consumers to turn toward platinum-based jewelry.

Diamond Intelligence Briefs | January 11, 2012 | 7:17 pm

NEIMAN MARCUS LAUNCHES FOREVERMARK DIAMOND COLLECTIONS

U.S. specialty retail department store Neiman Marcus has announced that beginning this week ten of its stores will carry three Forevermark Collections created exclusively for Neiman Marcus as part of the U.S. launch of De Beers' Forevermark diamond...

Diamond Intelligence Briefs | November 20, 2011 | 4:43 pm

SRDSIL SECURES LONG-TERM SUPPLY OF ALROSA ROUGH WORTH $5.2 MILLION A MONTH

The Surat Rough Diamond Sourcing India Limited (SRDSIL), a consortium formed in August 2010 by more than 1,500 diamantaires to directly source rough diamonds, says it will be selling US$5.2 million worth of rough diamonds directly sourced from Russian...

Diamond Intelligence Briefs | November 20, 2011 | 4:43 pm

REPORTS: ALROSA IPO MAY HAPPEN IN LATE 2012-EARLY 2013

Russian diamond conglomerate Alrosa may make an initial public offering (IPO) in late 2012 or early 2013, Russian media sources report, citing the company's CFO and Vice President, Igor Kulichik. Alrosa management is currently holding talks with it...

Diamond Intelligence Briefs | October 18, 2011 | 12:54 pm

Israeli Diamond Explorer Listing on Tel Aviv’s Stock Exchange

Israeli diamond-exploration company Shefa Yamim will merge itself with the publicly listed Israel-based real estate company Aloni Meitar in a reverse takeover. This has become apparent from a formal notification submitted to the Tel Aviv Stock Exchange...

Diamond Intelligence Briefs | October 18, 2011 | 12:54 pm

Israel’s diamond trade sees doubled-digit growth in Q3

Israel's diamond industry has continued to show growth during the third quarter of 2011, according to figures published by the Ministry of Industry, Trade and Labor's Diamond Controller Shmuel Mordechai. The figures show double-digit growth in ...

Diamond Intelligence Briefs | October 11, 2011 | 6:36 pm

Shear Diamonds recovers first 200 carats at Jericho, Nunavut

Shear Diamonds Ltd. (TSX VENTURE:SRM) today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently restarted recovery portion of Shear’s 100% owned Jericho Diamond Mine, Nunavut. In addition Shear has completed a new geological interpretation and 3- D Model for the Jericho Kimberlite Complex.

Diamond Intelligence Briefs | October 10, 2011 | 2:18 pm

Mbada overtakes Murowa as Zimbabwe’s biggest producer

Mbada Mines (Pvt) Ltd, which operates in Zimbabwe's Marange diamond area, is producing more than 150,000 carats a month, surpassing Rio Tinto's Murowa mine as the country's largest diamond producer, according to the firm's chairman, Robert Mhlanga. Rio Tinto's Murowa diamond mine produced 178,000 carats in 2010 and 125,000 in the first half of 2011.

Diamond Intelligence Briefs | September 16, 2011 | 8:37 pm

WFDB President calls on diamond trade to be positive ahead of Hong Kong show and holiday sales season

"As the pace of polished sales is now set in the major Asian markets, in particular in China and India, we have good reason to be optimistic about significant growth in those markets. We are hearing positive forecasts for the upcoming fairs and I expect

Diamond Intelligence Briefs | September 11, 2011 | 8:58 pm

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