Firestone Diamonds Update
Firestone Diamonds plc (LSE:FDI) announced an unaudited operations update for the first quarter of 2012 and changes to its senior management team.
Firestone Diamonds plc (LSE:FDI) announced an unaudited operations update for the first quarter of 2012 and changes to its senior management team.
Bloomberg reported Suleiman Kerimov urged the government to offer 51 percent of diamond miner OAO Alrosa under its asset sale program.
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.
Mineweb reported Kohlberg Kravis Roberts (KKR) is among the bidders for both BHP's and Rio Tnto's diamond mining operations.
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.
Forbes reported a collection of 15-carat yellow diamond rings is on display for sale at Birks in Toronto.
Reuters reported a"Mirror Diamond" necklace bearing five Mughal empire pendant diamonds with emerald drops has been offered for private sale at a price of $20 million.
Afri-Can Marine Minerals Corporation (TSXV:AFA) is scheduled to begin a geophysical survey on its 3403 marine diamond concession in Namibia on April 28, 2012.
CNBC reported there is a move to create a diamond back exchange traded fund which will allow investors to purchase diamonds like gold as an investment, not just jewelry.
CNBC reported diamonds are an attractive option for investors looking to diversify portfolios said David Riedel.
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