Lucara Recovers First Diamonds From Karowe
Mining Weekly reported Lucara Diamond (TSX:LUC,TSXV:LUC) closed a $25-million revolving credit facility to fund development and operations at its Karowe diamond mine in Botswana.
Diamond Market News Directory
Christie’s Sells 9-Carat Pink Diamond for $15.7 Million
Forbes reported on Tuesday a 9-carat pink diamond from the estate of Huguette M. Clark, sold for more than $15.7 million, after intense, competitive bidding.
Rockwell Produces 77% More Diamonds
Mining Weekly reported Rockwell Diamonds (TSX:RDI) has increased production by 77% in year-on-year production for the fourth-quarter ended Feb. 2012.
Is It Time To Treat Diamonds Like Gold?
CNBC reported there is a move to create a diamond back exchange traded fund which will allow investors to purchase diamonds like gold as an investment, not just jewelry.
Analysts Predict Rio Tinto, BHP Pursuit of Diamond IPO
Globe and Mail reported analysts are predicting BHP Biliton (ASX:BHP) and Rio Tinto (ASX:RIO) may consider spinning off their diamond assets as private companies if buyers can't be found.
Paragon Diamond Announces Exploration Results
Mining Weekly reported Paragon Diamonds (LSE:PRG) on Friday reported micro-diamond grades at its Motete dyke project, in Lesotho.
Bain Predicts Diamond Shortage
Bloomberg reported Bain & Co. said the diamond jewelry industry may face a shortage on increased demand from China and India.
Harry Winston Diamond Receives Ratings Boost
Financial Post reported Harry Winston Diamond Corp. (NYSE:HWD,TSX:HW) has gotten a ratings boost from Desjardins Capital Markets.
Rio Likely to Float Stock Options for Diamond Operations
Reuters reported Rio Tinto (NYSE:RIO,TSX:RIO) is most likely to float a stock option as it considers its options for unloading its diamond operations.
David Riedel Suggests Diamond Investment
CNBC reported diamonds are an attractive option for investors looking to diversify portfolios said David Riedel.
