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.
Liberia’s government is unable to curb the illegal mining of gold and diamond deposits because of a lack of resources, denying the state millions of dollars in revenue. For full story, click here
Diamond mining and exploration company Firestone Diamonds Plc revealed that it expects annual revenue of up to $30 million from the high grade and diamond values recovered from a kimberlite site in Botswana. For full story, click here
Moody reported that a possible sharp hike in public debt and lower revenue due to persistant slump in diamond demand could put Botswana credit ratings at risk for downgrade. For full story, click here
Thursday, October 1, 2009