The Gem and Jewellery Export Promotion Council announces International Diamond Conference, Mines to Market 2010 on October 12th &13th, 2010 in Mumbai, India. The two day conference would witness Presidents, Ministers from various mining countries such Angola, Botswana, SA, Canada etc, Delegates from Mining Companies, heads of Retail and Luxury brands such as Signet, Blue [...]
Rockwell Diamonds has recovered five large gemstones from its Holpan, Klipdam and Saxendrift operations in South Africa. The new recoveries bring the total number of rough diamonds found, of 50-carats or greater, to 11 during this current fiscal year of 2011. At the Holpan operations, Rockwell recovered a 136-carat clean white (H to I), [...]
PRESS RELEASE, August 30, 2010, Mumbai: Martin Rapaport addressed the issue of human rights and the diamond industry in a keynote address on August 25, 2010 at the Taj Mahal Hotel in Mumbai, India. Rapaport emphasized the need for the diamond and jewelry industry to establish realistic sourcing standards based on sustainable legal and ethical [...]
The news that a company is being set up in Surat to buy rough diamonds on behalf of Indian manufacturers should sound alarm bells for the rest of the trade. The local press reported this week that a company called Surat Diamond Sourcing India has been established to source diamonds directly from mining firms across the [...]
Understanding has been somewhat restored amongst the Kimberley Process (KP) diamond certification scheme family members who were engaged in an internecine battle for some time on whether Zimbabwe should be allowed to export its diamonds from the controversial Marange resource. Much ink was spilled and hair raising arguments were made over the past year on [...]
Rio Tinto say it will resume diamond exports at its Murowa Mine, in Zimbabwe in a “few days” after a government moratorium on sales last May. Reuters quoted the company’s managing director Neils Kristensen as saying that they were in touch with the Zimbabwean government over the resumption of exports. “We have been in communication [...]
The first batch of diamonds from Zimbabwe’s controversial Marange fields was sold this week with Kimberley Process (KP) certificates after the government held its first official auction of the stock. Mines Ministry officials said that about 900,000 carats of diamonds valued at $72 million were placed on auction on Wednesday, the Associated Press reported. Buyers [...]
Namdeb has budgeted to invest $1 billion over the next 10 years to extend the life of its marine diamond mining operations through 2050, Reuters reported. Namibia’s existing deposits are due to deplete by 2014 but Namdeb, a joint venture of De Beers and the government, believes it can find an additional 68 million carats [...]
Reports say South Africa, which is currently the world’s fifth leading diamond producer by value is set to harness Russian technology to add value to its vast mineral resource. Business Day quoted the country’s Trade and Industry minister Rob Davies as saying the move would help South Africa gain the full economies of scale. “Our [...]
Rio Tinto, which has diamond mining interests in Zimbabwe’s Murowa mine, Canada’s Diavik mine and Australia’s Argyle mine, reported an acute increase in earnings from these operations in the first half of the year. It said in a statement that the diamond sales by the company totaled $326 million in the period, a 77.2 percent [...]