The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
The Kimberly Process Review Mission to Zimbabwe, led by Liberia’s Deputy Minister of Planning and Development Mr Alfred Kpandel Fayia, yesterday visited River Ranch diamond mine, with the plant manager assuring the world that they had state-of-the art security systems in place to curb the smuggling of the resource. For full story, click here
Global Diamond industry is undergoing a strong transition towards growing demand for "conflict-free" or "violence-free" or ethical diamonds- guaranteed to originate from ethical and environmentally responsible sources. This transition is in response to the growing awareness among people and consumers worldwide about the so called "Blood diamonds"
Spider Resources Inc. along with joint venture partner KWG Resources Inc. announced the completion of a drilling program on their jointly owned Wawa Diamond project. For full story, click here
Diamond values held steady in July, after rapid inflation earlier in the year. Weak consumer demand in the US, coupled with fear that the recession will spread globally put the lid on prices. Diamond values are still up 15 percent compared to a year ago.
Pangea DiamondFields plc provided an update of its operational activities. Chief Executive Officer, Brett Thompson commented: We are pleased to be able to report this development progress at all of our projects. The transition to Pilot Mining at Dimbi is progressing well and we are also achieving encouraging results from Etoile. The first export and sale from [...]
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