Zimbabwe's state coffers are poised for a huge cash injection as 4.5 million carats of diamonds, worth up to $1.7bn according to the government, go on sale in the capital Harare.
South African investors may soon be offered another chance to go marine diamond mining as TSX-listed Afri-Can Marine Minerals Corporation looks for a secondary listing on the JSE.
British supermodel Naomi Campbell, testifying at the war crimes trial of former Liberian President Charles Taylor, said she's used to seeing diamonds in a box, and wouldn't have known they were diamonds if someone hadn't pointed it out.
Naomi Campbell has testified at the war crimes trial of former Liberian leader Charles Taylor, who prosecutors say gave a "blood diamond" to the British supermodel.
Petra Diamonds and Trans Hex look the most obvious contendors to buy the Finsch diamond mine but De Beers could find these negotiations a lot tougher than those over the sale of its Cullinan mine.
Actress Mia Farrow and her agent will testify in August about a blood diamond given to model Naomi Campbell by Charles Taylor, Liberia's former premier, now up for war crimes.
De Beers said it had received interest in its Finsch and Namaqualand Mines, both situated in the Northern Cape.
De Beers has guaranteed about 56% of the preference shares held by Ponahalo Investments in an effort to stop its R3.7bn, 2006 empowerment transaction from collapse.
De Beers CEO, Gareth Penny, ended a five year reign at the helm of the diamond group on Friday even as it unveiled a doubling in pretax earnings, an 84% increase in sales and a doubling in production.
Rough diamond prices could pull back 5% to 10% in the short-term but the medium-to-long term outlook remains good because of the forecast shortage in supply.