Option partner Mountain Capital Inc. has recently notified optionor Eagle Plains Resources (TSX-V: EPL)that final results have been received from an 11-hole, 1,390m diamonddrilling program completed on the Kalum property in fall 2008. For full story, click here
Namibian diamond producer, Namdeb, and De Beers Marine Namibia have announced that they will immediately reduce diamond production for the remainder of this year and early 2009. For full story, click here
VIPR announced yesterday that it has signed a closing agreement to purchase up to 50% ownership of a Diamond mine in one of the world’s largest diamond producing areas. For full story, click here
Venezuela plans to seek out foreign partners for diamond mining ventures as part of a plan to industrialize the mineral-production process, the minister of basic industries and mining said. For full story, click here
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
Hawthorne Gold Corp. announced that fifteen (15) HQ/NQ diamond drill holes have been completed (totaling 2,536 metres) on the Table Mountain gold property in the Cassiar Gold Camp, northern British Columbia, Canada. For full story, click here
Diamonds are the only commodity used in the jewelry industry with prices that are still above last year’s level. When compared to the U.S. stock market, diamonds have dramatically outperformed equities. 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. For full story, click here
Kopane Diamond Developments has announced that it intends to suspend production at its diamond mining plant in Lesotho in southern Africa after tumbling diamond prices put at risk the profitability of the operation. For full story, click here
Global Diamond industry is undergoing a strong transition towards growing demand for “conflict-free” or “violence-free” or ethical diamonds- guaranteed to originate from ethical and environmentally responsible sources. This transition is in response to the growing awareness among people and consumers worldwide about the so called “Blood diamonds”
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