Diamond prices have largely recovered from the 2008 global economic crisis, but the industry is still not back to pre-2008 levels of demand.
Continue reading "Zimbabwean ‘Blood Diamonds’ Back on the Market"
Tuesday, June 29, 2010
Diamond mining firms looking to cash in on higher prices and increased demand for stones are starting to ramp up production. The one major company that is curtailing operations, De Beers, is cutting production 5 percent per year for 5 years to increase mine life.
Continue reading "Diamond Miners Ramp Up Production"
Monday, May 31, 2010
Ahead of the JCK Jewelry Show in Las Vegas, new US sales and demand numbers look promising. Imports of both rough and polished stones rose, as well as increased sales numbers from Tiffany & Co. Also, a wrap up of news from diamond mining companies, including the deal between Petra Diamonds and De Beers.
Continue reading "Signs Diamond Market is Headed Towards Recovery"
Friday, May 21, 2010
Petra Diamonds Limited has announced the completion of its acquisition of the mining and association of assets with De Beers Consolidated Mines Limited. The assets were previously used by De Beers in the operation of the Kimberley Underground diamond mines in Kimberley, South Africa. Petra and De Beers entered into the agreement for the sale [...]
Continue reading "Petra Diamonds, De Beers Complete Agreement"
Thursday, May 13, 2010
De Beers Société Anonyme (DBsa) diamond mine in Venetia in South Africa has reached 970,000 carats for q1 of 2010. The diamond mine is located in Limpopo Province, 25km south of where the international borders of Botswana, Zimbabwe and South Africa intersect. Click here to access the entire Article
Continue reading "De Beers Venetia Diamond Mine Produces Almost 1m Carats in Q1"
Monday, May 3, 2010
De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”
Continue reading "Supply Shortages May Herald in era of ‘Peak Diamond’"
Thursday, April 22, 2010
The days of De Beers dominance of the worldwide diamond market may be over as Alrosa, Russia’s diamond giant, is the new King. Anglo-American may be looking to publicly list De Beers in London and Botswana, as well as selling shares of the under-performing company. Healthy sales numbers from world production centers and increasing imports to the US are making for a strong 2010.
Continue reading "Diamond Industry Sees Changing of the Guard"
Sunday, January 10, 2010
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.
Continue reading "Job Cuts Continue In Diamond Sector"
Monday, January 4, 2010
Diamonds are a must-have in investment portfolios. With prices set to rise in 2010, treasure the rocks.
Continue reading "Diamonds: A New Investment Story"
Monday, December 7, 2009
The diamond industry braces for more hardships as Black Friday sales brought in little green. The landscape appears bleak. Will De Beers $1 billion rights issue and Africa Israel's $2.1 billion debt shenanigans bring out the sun?
Continue reading "Diamond: Waiting To Exhale"
For upcoming diamond investing trade shows, see the following links: Cambridgehouse, IIC, Chicago Resource Expo
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DiamondInvestingNews.com maintains a focus on Diamond exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Monday, August 23, 2010