Articles Tagged "bhp billiton"

Vote of confidence for Peregrine

The Financial Post.com reports that BHP Billiton (NYSE:BHP) will continue to participate jointly with Peregrine Diamonds (TSE:PGD)  in its’ Chidliak project in Nunavut. The story is quoted as saying: Peregrine will retain 49% of the marketing rights to the diamonds from Chidliak. This is strategically important in the long term as those rights can be [...]

Job Cuts Continue In Diamond Sector

De Beers is set to cut jobs in Botswana, which might send a shiver down the diamond industry's spine, but India has made clear its intention to source diamonds directly from Botswana. Better sense has prevailed, and Botswana has recognized that it would be wise to diversify the sellers of its famed diamonds, rather than just go through De Beers.

Diamond industry warns of drastic change

Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.

Around the globe, diamond exports drop

As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August