Centenario Copper Corporation reports its financial results for the three and nine month period ending September 30, 2008. For full story, click here
Diamond Drilling program at Mutiny Gold to be completed September 08. For full story, click here
Angola could become the world’s third biggest diamond producer by 2010 on the back of new mining concessions and strong investment in the industry. For full story, click here
JSE-listed mineral resources company Miranda Mineral said that it had issued shares for cash, to the value of R17,2-million, to the black empowered Yakani group For full story, click here
Nearly 700 offices of Indian outfits in US and more than 200 offices have been closed down, most of them in the last 4 months. For full story, click here
Various associations of diamantries across Gujarat have decided to work five days a week till January 2009 due to global slowdown. For full story, click here
With the Christmas buying season upon us jewelry companies who would typically have their biggest sales of the year are bracing for disappointing numbers. A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewelry could take the biggest hit in the downturn.
Rockwell Diamonds Inc. provides an update on the commissioning of the new Saxendrift wet rotary pan plant and announces plans to extend the normal year end operational shutdown period of its South African alluvial diamond mines to conserve cash. For full story, click here
Gem Diamonds may not hold a rough diamond tender in December and is reconsidering the way it runs these tenders given the fall in diamond prices, a statement issued by the company said. For full story, click here
In what can be described as a positive aspect of the global meltdown, following the credit crunch the world over, prices of all metals across the board have seen a dip due to a steep fall in demand. And so did it happen in case of diamonds – one of the costly desires of women [...]
Friday, November 28, 2008