DIAMONDS AND GEMS

DIAMOND MINING

Zimbabwe says it has produced 2m carats of diamonds so far this year

Tuesday , 02 Mar 2010
The announcement from the country comes the day after an international monitor arrived to review the mining operations at the controversial Marange fields
ROUGH DIAMOND

Petra sells massive diamond for record $35.3m

Friday , 26 Feb 2010
The highest price ever paid for a rough diamond
THE CULLINAN HERITAGE

Strong interest in 507-carat diamond sale -Petra

Monday , 22 Feb 2010
Some analysts put the diamond's worth as high as $25m
FIRST HALF NUMBERS

Petra Diamonds announces swing to $37.9m first half profit

Monday , 22 Feb 2010
The group says it plans to raise annual output to over 3m carats by 2019
ANALYSIS

Diamond shares set to benefit from gem price recovery

Tuesday , 16 Feb 2010
Rough diamond prices are recovering but the stocks have yet to reflect the shift, say analysts
BEYOND THE HEADLINES

Old money puts De Beers back on track

Thursday , 11 Feb 2010
Three shareholders recycle a billion dollars of dividends, received over the past four years, back into the world's biggest diamond digger.
STILL POSITIVE ON LONG TERM OUTLOOK

De Beers announces move to underlying loss, remains cautious on recovery

Thursday , 11 Feb 2010
The diamond producer also announced it has raised $1bn from shareholders to cut debt.
ZIMBABWE

Are Zimbabwean diamonds about to finance a Mugabe coup?

Wednesday , 10 Feb 2010
An examination of the ominous implications of a report in The Zimbabwean
MINING INDABA

DRC looking at new gemstone laws - Mines Minister

Tuesday , 02 Feb 2010
The Democratic Republic of Congo's minister of mines, Martin Labilo said it is looking at introducing special laws meant to stimulate the gemstone sector
QUICK ANALYSIS

Firestone Diamonds: right place, right time, right pipe

Monday , 01 Feb 2010
Junior diamond miner, Firestone Diamonds is well placed technically and geographically to take advantage of the recent upswing in rough diamond prices.
INVESTMENT INSIGHTS

The miners the world forgot

Thursday , 28 Jan 2010
Diamonds may be forever, but the once-glamorous sector needs to rediscover its lost magic.
UPBEAT ON CASHFLOW

World No. 1 diamond miner agrees refinancing, slashes costs

Saturday , 23 Jan 2010
As diamond demand begins to return and prices to recover, De Beers is upbeat on its debt position as it agrees refinancing terms and sets up right issue.
2Q START-UP

Firestone buoyant about BK11 diamond project in Botswana

Wednesday , 20 Jan 2010
BK11 is expected to produce annual revenues of approximately $24 million per annum at operating margins of 60%.
WAGE NEGOTIATIONS

Debswana union workers get 4% salary increase

Tuesday , 12 Jan 2010
However bonuses are no longer guaranteed
JOB CUTS

Debswana cuts diamond mine jobs to streamline costs

Friday , 08 Jan 2010
Lay offs aimed at mines
AUCTION WAS SUPPOSED TO START ON THURSDAY

Zimbabwe halts Marange diamond fields

Thursday , 07 Jan 2010
The government said the process would only go ahead with international supervision
INVESTMENT INSIGHTS

Something of a twinkle for diamonds

Tuesday , 22 Dec 2009
This small, speculative, globally listed sector continues to attract specialist interest as it returns from clinical death.
DIAMOND DEAL

Gem Diamonds shares jump on Tiffany deal

Tuesday , 22 Dec 2009
The group announced Tuesday its Kimberley Diamond company unit has signed a long term supply agreement with a subsidiary of Tiffany & Co.
MIXED Q3 FORTUNES

Namibia: uranium output on rise as diamonds decimated

Sunday , 20 Dec 2009
Namibia's uranium output continues to rise and expected to quadruple over next few years, but diamond production falls a giant 55% year on year due to global economy.
SIGNIFICANT PROFIT POTENTIAL

African Diamonds cuts cost of development of AK6

Tuesday , 15 Dec 2009
John Teeling, African Diamonds Chairman, reckons the initial cost of building the AK6 diamond mine in Botswana is now only $49 mln from an earlier estimate of $63 mln
CONCERNS ON COMPLIANCE

‘Blood diamonds' from Zimbabwe prompts UN criticisms

Saturday , 12 Dec 2009
A number of countries criticized the UN General Assembly for not considering the Zimbabwe diamond fields situation in resolution on ‘blood diamonds'
GRADES EXPECTED TO INCREASE AT DEPTH

Firestone to start BK11 diamond production ahead of schedule. Resource and grades rise

Thursday , 10 Dec 2009
With an increase in grade and total resource behind it, Firestone Diamonds is set for production at its BK11 diamond pipe ahead of its previously planned schedule.
CASH STRAPPED

Botswana will struggle to raise cash for its share of De Beers rights

Friday , 04 Dec 2009
Botswana is compelled to honiour its agreement re its holdings in top diamond miner De Beers to take up rights that will cost it some $150 million despite being short of actual cash.
LIVING ON HAND OUTS

Poor old De Beers

Tuesday , 01 Dec 2009
With cash flows from hell, the once mighty diamond miner is on its knees.
LUXURY JEWELLERY MARKET

Dubai Crisis a hiccough for London luxury jewels market

Tuesday , 01 Dec 2009
But analysts say it could boost real estate investments
RIGHTS ISSUE

De Beers shareholders agree to $1bn rights issue

Tuesday , 01 Dec 2009
The money will be used to cut the diamond company's current $3.5bn debt burden
EQUITY FUNDRAISING

Petra to double stake in iconic Cullinan diamond mine

Wednesday , 18 Nov 2009
Diamond miner Petra plans to raise $100 million in equity placing to take up option to double stake in the Cullinan mine and to cut debt
INVESTOR HUB: Gold / Copper

   


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