Centenario Reports Third Quarter 2008 Results

Friday, November 28, 2008

Centenario Copper Corporation reports its financial results for the three and nine month period ending September 30, 2008. For full story, click here

Mutiny: Diamond Drilling program to completed September 08

Friday, November 28, 2008

Diamond Drilling program at Mutiny Gold to be completed September 08. For full story, click here

Angola may become world No.3 diamond producer

Thursday, November 27, 2008

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

Miranda issues shares worth R17m to fast track exploration

Thursday, November 27, 2008

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

Indian diamond players shut 200 offices in US

Wednesday, November 26, 2008

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

Tags: , , ,

Diamond cutting and polishing units to work five days a week

Wednesday, November 26, 2008

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

Holiday jewellery purchases decline

Tuesday, November 25, 2008

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.

Operational Updates from Rockwell

Tuesday, November 25, 2008

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 call off December tender

Tuesday, November 25, 2008

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

Diamond prices down by 15 percent

Monday, November 24, 2008

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 [...]

Tags: , ,

Asides