China’s weak demand for diamonds drags sector into slump

Mountain Province Diamonds Inc. confirmed that joint venture operating partner, De Beers Canada Inc. has reported that the permitting of the Gahcho Kué diamond project is progressing on schedule. The 24-month environmental review is nearing completion with the final hearing scheduled in approximately four months.

A deal between BHP Billiton and Toronto-based jeweller Harry Winston Diamond might be around the corner according to the Financial Times.

Figures for second quarter rough and polished diamond exports have come in at P6.79 billion, representing a marginal five percent drop from the first three months of the year, Mmegi Business has established.

Leading diamond producer and budding diamond center Botswana exported $352.6 million worth of rough and polished diamonds in June bringing half-year exports […]

Mexico may not be breaking records at London’s Olympic Games, but back home it is scoring big. On Monday, the Mexican Chamber of Mining announced the country hit a new record in gold production in 2011.

Hollywood-based jewellery company Azature, has started selling a $250,000 nail polish containing 267 carats of black diamonds.

Barrick Gold, the world’s largest producer of the precious metal, said it would continue to pursue acquisition opportunities despite the full review of its operations.

Xstrata has approved a $360 million expansion for its McArthur River mine in Australia’s Northern Territory which will make the project the largest producer of zinc in the world.

AngloGold Ashanti's, the world’s third-largest gold producer, reported that profits from its Latin American operations dropped 52% from $92 million to $48 in the second quarter of this year.