Diamonds

Govt aims to break diamond dealers’ hold

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The state is looking to sidestep the grip of SA’s major polished diamond wholesalers on the local beneficiator industry by exploiting foreign legislation.

Red tape done in Anglo’s De Beers buyout

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Anglo American says its $5.1bn buyout of the Oppenheimer family’s 40% stake in De Beers has received all the necessary regulatory approvals.

Zimbabwe to defy West on diamond sales

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Zimbabwe has vowed to defy moves for international monitoring of diamond sales from its disputed Marange fields at a meeting of the global "blood diamond" watchdog, according to state media.

Rockwell reaps rewards of new focus

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Rockwell Diamonds is reaping the rewards of its redrafted strategy, posting quarterly carat production increases of at least 50% across its asset base.

Trans Hex tying up loose ends in Namaqua deal

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Diamond producer Trans Hex says it is still busy tying up some aspects of its proposed acquisition of De Beers' Namaqualand mines.

Gem Diamonds unveils Letseng Star

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Gem Diamonds has announced the naming and unveiling of the historic 550 carat diamond recovered from its Letšeng mine in Lesotho.

Diamond market gains momentum, says Gem

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Gem Diamonds says the market for rough diamonds has continued to improve, following the correction of prices in September 2011.

DiamondCorp loan approved for Free State mine

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DiamondCorp said it hoped to strengthen funding for its Lace mine development following inquiries for offtake from diamond buyers.

De Beers pins hopes on India, China

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Improved sales in India and China would assist the diamond market in staging a modest turnaround in fortunes during 2013, De Beers said.

Rio Tinto reviews its diamond business

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Rio Tinto says it has begun a strategic review of its diamonds business, a move which may include divesting from all its current interests.