Alrosa reports Jan-Aug sales of $2.56 billion, restates full-year estimates
September 06, 2010
Russian diamond mining monopoly Alrosa reported diamond sales in the first eight months of the year of $2.56 billion.
Alleged India show diamond thieves claim stones were planted on them
September 06, 2010
Three Mexicans and a Venezuelan, arrested in connection with the theft of around $1 million of diamonds from the booth of Dalumi Diamonds at the India International Jewellery Show on August 23 are claiming that the diamonds were planted on them at Dubai.
Rio Tinto planning to go ahead with Argyle expansion plan
September 06, 2010
Rio Tinto Ltd. is planning to start a A$1.65 billion ($1.51 billion) underground expansion of its Argyle diamond mine in Western Australia.
Namdeb reports diamond output doubles in first half of 2010
September 05, 2010
Namdeb, the De Beers-Namibia government jointly owned mining company reported a more than doubling of output in the first half of this year.
Firestone Diamonds says on track at plant capacity targets at its BK11 mine
September 05, 2010
Firestone Diamonds says it is ahead of schedule regarding earthmoving and production plant capacity targets at its BK11 mine in Botswana. The firm also said it mined a high-quality diamond at the operation, thereby raising expectations for the average value per carat of output.
DTC sightholder seminar investigates conditions of ‘new normal’
September 03, 2010
Diamond Trading Company (DTC) sightholders gathered in London last week for the annual DTC Business Excellence Seminar (BES). Hosted by DTC CEO, Varda Shine, the seminar was entitled ‘Operating in the New Normal’ and looked into the new economic conditions that have evolved following the global financial crisis.
Only slight rise in U.S. retail sales in August due to market conditions
September 03, 2010
Most U.S. retail and service sales in August showed a small year-over-year rise, however there is a growing tendency toward stable comparisons, or flat, rather than significant increases, according to MasterCard Advisors’ SpendingPulse which monitors such data.
Zimbabwe could become main supplier to Surat polishing industry
September 03, 2010
Zimbabwe could become the largest supplier of rough diamonds to Surat, India's diamond cutting and polishing centre, particularly if the diamond output from Zimbabwe's Marange fields reaches levels predicted by a Belgian diamond consultant.
Rockwell Diamonds recovers 50+ carat stones from S. Africa operations
September 02, 2010
Rockwell Diamonds Inc. has announced the recovery of several large diamonds, weighing 50 carats and more, from its Holpan, Klipdam and Saxendrift mines in South Africa.
India posts 37 percent surge in polished diamond exports for July
September 02, 2010
India reported a 37-percent jump in polished exports in July to $1.68 billion, according to data published by the Gem and Jewellery Export Promotion Council (GJEPC).
