Rockwell Diamonds cuts losses
Rockwell Diamonds is back to operating profitability and has reduced its overall loss position significantly on the back of rising production and rough diamond prices.
India opens diamond exchange
India is taking a major step towards becoming a global trading centre for diamonds with a newly launched exchange.
De Beers ups output as demand picks up
Diamond producer De Beers expects to boost production in SA by nearly 50% this year as global demand recovers, but has abandoned efforts to mine gems in coastal waters.
Lucara bids for African Diamonds
Lundin group company Lucara Diamonds is going for full control of the AK6 mine in Botswana through a takeover bid to acquire from African Diamonds the remaining 40% it does not already own.
Petra secures $78m in new loans
Petra Diamonds will use new debt facilities to finance expansion of the Williamson mine in Tanzania and the Cullinan mine in SA.
Petra confirms Finsch, Namaqualand bid
Petra Diamonds said it was pressing forward with bids for more De Beers mines after telling Miningmx in July it was assessing the situation.
Namdeb Diamond Corp returns to profitabililty
Namdeb Diamond Corporation (Namdeb) on Friday reported a return to profitability in the first half, with a profit before tax of N$719m for the six months ended June 2010 after a loss of N$685m in H1 2009.
Zim gets diamond polishing centre
A diamond firm operating from Zimbabwe's controversial Marange diamond fields has begun constructing a multi-million dollar cutting and polishing centre.
Diamonds: Zim propelled to the big league
Zimbabwe may soon surpass top diamond producers like Russia, Botswana and SA.
‘Diamond industry must avoid conflict diamonds’
The diamond industry, under scrutiny after supermodel Naomi Campbell's war crimes testimony and a crisis in Zimbabwe, must take decisive measures to avoid a potential return of conflict diamonds, campaigners say.