Diamond Exploration Inc. which is formerly known as Patrician Diamonds has discovered several boulders of kimberlite, often an indicator of the presence of diamonds, in central Ontario. For full story, click here
Read the full article: "Diamond Exploration discovers..."
Friday, May 29, 2009
Diamond Exploration Inc. declared that it has recovered kimberlite boulders from its Bridge River project in Ontario. The boulders were found during prospecting in an area with anomalous concentrations of kimberlitic indicator minerals in river gravels. For full story, click here
Read the full article: "First Kimberlite discovered on Diamond..."
Friday, May 29, 2009
Jewellery maker Flawless Diamond declared that it will increase money by way of equity and debt to fund its expansion plans. Flawless Diamond Managing Director Bhawar U Jain stated: Global scenario of diamond market is improving and exports demand has started flowing in the system. Stability in the domestic market will ultimately give a boost [...]
Read the full article: "Flawless Diamond to raise money by way of..."
Thursday, May 28, 2009
The Kimberly Process, the international body created to curb trade in gems used to fund conflict, will visit Zimbabwe again next week to investigate claims of diamond smuggling and related violence. For full story, click here
Read the full article: "Diamond Body will inspect Zimbabwe Gem Mines"
Thursday, May 28, 2009
Russia will avoid flooding the world diamond market, as it did in the 1990s, with the stocks it has been building up since demand slumped last year. Chief Executive Officer Sergei Vybornov stated: The situation is completely different and the mentality changed a lot. For full story, click here
Read the full article: "Russia diamond monopoly may avoid market..."
Wednesday, May 27, 2009
They may be the hardest substances in the world, but even diamonds aren’t immune to the global economic slump. In fact a downturn in sales has led to the biggest cut in diamond mining in modern history. For full story, click here
Read the full article: "Slump in Diamond sales could hurt Africa"
Wednesday, May 27, 2009
Research group Frost & Sullivan declared that it has taken a gloomier view than other diamond industry commentators in forecasting a long downturn in commodities demand and SA’s diamond production dipping until 2011. For full story, click here
Read the full article: "Frosty view on SA’s diamond industry"
Wednesday, May 27, 2009
The Chairman of the Israel Diamond institute and President of IDMA, Moti Ganz announced that it has hosted Israel’s new Minister of Industry, Trade and Labor Binyamin Ben-Eliezer during his first visit to Israel’s Diamond Industry yesterday. For full story, click here
Read the full article: "Chairman of Israel Diamond Institute paid..."
Monday, May 25, 2009
Diamond output in South Africa will continue slipping until at least 2011 amid expectations that the global economic recovery will be protracted. For full story, click here
Read the full article: "South African Diamond Output to slip Until..."
Monday, May 25, 2009
The global economic slowdown has taken toll on India’s diamond exports. Hit by a contraction in demand for diamond in the US and European markets, export of cut and polished diamonds from India are believed to have dipped 8.24% to $13 billion in 2008-09 from $14.2 billion in the previous year, according to provisional estimates. [...]
Read the full article: "Economic Meltdown has taken a toll on..."
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Friday, May 29, 2009