Diamond prices have largely recovered from the 2008 global economic crisis, but the industry is still not back to pre-2008 levels of demand.
Read the full article: "Zimbabwean ‘Blood Diamonds’ Back on the..."
Tuesday, June 29, 2010
Diamond mining firms looking to cash in on higher prices and increased demand for stones are starting to ramp up production. The one major company that is curtailing operations, De Beers, is cutting production 5 percent per year for 5 years to increase mine life.
Read the full article: "Diamond Miners Ramp Up Production"
Monday, June 14, 2010
As the diamond market slowly returns to pre-crash levels companies looking to increase profitability are calling upon their countries to change tax codes to be more favorable to the diamond market. Other countries that are looking to capitalize on mineral wealth are imposing new tax regulations on mining operations to benefit their nations.
Read the full article: "Diamond Companies Globally Face Tax Code..."
Monday, May 31, 2010
Ahead of the JCK Jewelry Show in Las Vegas, new US sales and demand numbers look promising. Imports of both rough and polished stones rose, as well as increased sales numbers from Tiffany & Co. Also, a wrap up of news from diamond mining companies, including the deal between Petra Diamonds and De Beers.
Read the full article: "Signs Diamond Market is Headed Towards..."
Friday, May 21, 2010
The news of the sale of the Star of South Africa, which fetched £30 000, and the discovery of more diamonds dispelled all doubts about the region’s potential mineral wealth and brought in a wave of local Boer farmers as well as British, American, Australian, German and Russian diggers and diamond dealers. Click here to [...]
Read the full article: "Mining Weekly reported on South Africa’s..."
Tuesday, May 18, 2010
The fight for control of natural resources is heating up between the two fastest growing economies. In a secret deal with Zimbabwe, the Chinese military has secured permits to mine the Marange diamond fields. India, looking to control its supply of rough stones for Surat’s cutting and polishing sector is looking to aide African Nations with medicines, and infrastructure projects.
Read the full article: "Diamonds: New Economic Powers Fight for..."
Wednesday, May 5, 2010
Petra Diamonds announces its finalized agreement with Stellar Diamonds plc (“Stellar”) to exchange its interest in the Kono Diamond Project (“Kono”) in Sierra Leone for shares in Stellar, the project’s joint venture partner. As a result, Petra will become a 4.45% shareholder in Stellar and Divestment of Petra’s interest in Kono for £900,000, to be [...]
Read the full article: "Petra Diamonds and Stellar Diamonds..."
Tuesday, May 4, 2010
IGE Resources AB (OSE: IGE) announced that the Company has raised NOK 31.0 million of new equity in a private placement. Earnings will be contributed to expand IGE’s diamonds operations in Southern Africa. The press release is quoted as saying: “The Private Placement was subscribed by a group of investors led by Ulrik Jansson, who [...]
Read the full article: "IGE Pleased to Announce Private Settlement"
Monday, May 3, 2010
De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”
Read the full article: "Supply Shortages May Herald in era of..."
Thursday, April 22, 2010
The days of De Beers dominance of the worldwide diamond market may be over as Alrosa, Russia’s diamond giant, is the new King. Anglo-American may be looking to publicly list De Beers in London and Botswana, as well as selling shares of the under-performing company. Healthy sales numbers from world production centers and increasing imports to the US are making for a strong 2010.
Read the full article: "Diamond Industry Sees Changing of the Guard"
For upcoming diamond investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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DiamondInvestingNews.com maintains a focus on Diamond exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Monday, August 23, 2010