Diamond Investing News

Lucara Diamond Corp. Becomes a Producer

Michelle Smith — Thu, 17 May 2012 11:00:16 +0000

Lucara Diamond is now a diamond producer and has announced that its inaugural diamond sale will be in June.

Diamond Market Update (May 17, 2012)

Michelle Smith — Thu, 17 May 2012 10:55:11 +0000

A brief overview of diamond price developments, supply and demand, and significant market movers.

Lucara Diamond Announces Annual Results

Melissa West — Wed, 16 May 2012 23:20:53 +0000

Lucara Diamond Corp. (TSX:LUC,BOTS:LUC) announced its Annual General Meeting results and shareholder approval for several motions.

Firestone Diamonds Update

Melissa West — Mon, 14 May 2012 20:34:23 +0000

Firestone Diamonds plc (LSE:FDI) announced an unaudited operations update for the first quarter of 2012 and changes to its senior management team.

Kerimov Urges Sale of Alrosa

Melissa West — Mon, 14 May 2012 20:31:31 +0000

Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.

Diamond Prices Up in 2012

Melissa West — Mon, 14 May 2012 20:29:11 +0000

Reuters reported prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia.

KKR Looking At BHP, Rio Tinto Diamond Mines

Melissa West — Fri, 11 May 2012 23:57:51 +0000

Mineweb reported Kohlberg Kravis Roberts (KKR) is among the bidders for both BHP's and Rio Tnto's diamond mining operations.

Lucara Diamond Announces Results

Melissa West — Fri, 11 May 2012 23:54:33 +0000

Lucara Diamond Corp. (TSX:LUC,NASDAQ:LUC) announced production results for the quarter ended March 2012.

Petra Diamonds Production, Prices Rise

Melissa West — Wed, 09 May 2012 23:05:03 +0000

Mining Weekly reported Petra Diamonds'(LSE:PDL) more than doubled quarterly production at its Finsch mine in South Africa as the price of rough diamonds also rose.

Lucara Diamond Corp. Update

Melissa West — Mon, 07 May 2012 22:14:39 +0000

Lucara Diamond Corp. (TSX:LUC,BOTS:LUC) announced a progress report on its Karowe Mine in Botswana.