Star Diamond acquires Buffalo Hills project in Alberta
Located approximately 400 kilometres northwest of Edmonton, the Buffalo Hills project includes 21 mineral leases covering 4,800 hectares.
Japan dispelled fears among many diamond traders that after the earthquake and following tsunami that hit the country on March 11, it will lose its taste for diamonds. In April, Japan imported $95.7 million worth of polished diamonds, increasing by 80.1% year over year, and by 56.8% from March.
The increase in imports proved once again, as predicted, that when a country is hard hit, it express its feelings more openly, often with diamonds. This was the case in after the September 11 terrorist attacks, and again in the recent sub-prime economic crisis.
