Diamonds

Diamondcorp’s Lace posts fancy results

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The average value of the first diamonds recovered from the initial sampling work at Diamondcorp's Lace mine in the Free State is far higher than expected.

De Beers boasts record sales figures

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De Beers has recorded its highest interim sales figures to date, buoyed by strong retail demand from the Indian and Chinese consumer markets.

Letseng delivers for Gem Diamonds

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Letseng achieved record average prices for its diamond sales in the first half of 2011, as did Ellendale in Australia for its fancy yellow stones.

De Beers strike starts

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The National Union of Mineworkers' members at diamond producer De Beers Consolidated Mines has started a strike after wage talks failed, says a union official.

Rockwell trims fundraising target

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Rockwell Diamonds has scaled down its plans to raise C$35.3m in new funds, opting to aim for $20m instead.

Petra Diamonds steams ahead

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Petra Diamonds has delivered a trading update backing CEO Johan Dippenaar’s claim the company is one of the world’s leading diamond producers.

Diamond prices return to pre-crisis levels

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Diamond prices are now above pre-crisis levels after a 35% to 40% rise so far this year, helped by increased scarcity and an emerging role as an investment.

Rockwell speeds up projects

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Rockwell Diamonds has accelerated a number of projects to enhance the recovery of diamonds on existing operations as well as at the Tirisano project.

Kimberley ends Marange diamonds ban

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The Kimberley Process has lifted a freeze on the sale of diamonds from Zimbabwe's disputed Marange fields, says the head of the global "blood diamonds" monitor.

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.