Alrosa Diamond Profits Double
Bloomberg reported OAO Alrosa said profit more than doubled last year after average prices for diamonds surged by 60 percent.
Diamond Market News Directory
Kerimov Urges Sale of Alrosa
Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
Diamond Prices Up in 2012
Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.
KKR Looking At BHP, Rio Tinto Diamond Mines
Mineweb reported Kohlberg Kravis Roberts (KKR) is among the bidders for both BHP's and Rio Tnto's diamond mining operations.
Petra Diamonds Production, Prices Rise
Mining Weekly reported Petra Diamonds'(LSE:PDL) more than doubled quarterly production at its Finsch mine in South Africa as the price of rough diamonds also rose.
Rio Tinto Receiving Offers for Diamond Mine
Bloomberg reported Rio Tinto (ASX:RIO,NYSE:RIO) is getting many offers for its diamond project.
Alrosa Produces 550,000 Carats at Catoca Diamond Mine
Bloomberg reported OAO Alrosa’s Catoca diamond mine in Angola produced about 550,000 carats a month in the first quarter.
Largest Yellow Diamond Sale
Forbes reported a collection of 15-carat yellow diamond rings is on display for sale at Birks in Toronto.
Mughal Mirror Diamond Necklace For Sale
Reuters reported a"Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million.
Diamond Transfer Perfectly Timed
Mining Weekly reported De Beers’ planned transfer of sales and aggregation activities from London to Botswana is perfectly timed, according to Varda Shine.
