DODAQ: First Online Cash Market for Certified Polished Diamonds

Are you in the diamond trade, or is diamond trading in you? If you’ve pondered this question, then you should check out the DODAQ diamond trading platform.
DiamondNe.ws is delighted to offer you the chance to save money on your initial transaction fees when trading polished diamonds via the DODAQ platform with our exclusive discount. Click on the title to learn more about the benefits of DODAQ and receive a DiamondNe.ws discount code …

Thabex Court Case Relating to Angel Diamonds Postponed

Thabex Limited shareholders are advised that the Case relating to Angel Diamonds (Proprietary) Limited (Case number: CIV/APN/333/2010) in the High Court of Lesotho was to be heard on 30 August 2010. The Case has been postponed to 6 October 2010 in order for the Court to finalise the security for costs by the applicants in [...]

Diamond Production Low but Diamond Prices Encouraging for Namibian Resources Since DIamond Produciton Recommenced

NAMIBIAN RESOURCES Plc has announced its final results for the year ended 28 February 2010.
The year to 28th February 2010 was disappointing as expected due to the cessation of production at Sonnberg following the near collapse of the international diamond market and soaring fuel costs. Our staffing was greatly reduced and care [...]

Shear Minerals Ltd. Closes $13.1 Million Private Placement Offering and Purchase of Jericho Diamond Mine

Shear Minerals Ltd. has successfully closed its marketed private placement equity offering (the “Offering”) and the completion of its purchase of the Jericho diamond mine and related assets in Nunavut (the “Jericho Acquisition”).
The Offering
Under the Offering, 139,451,000 conventional units (“Conventional Units”), each consisting of one common share (a “Common Share”) and one Common Share purchase [...]

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Security Council Extends Mandate of Liberia Panel of Experts by One Year; Urges Govt to Implement Recommendations of Kimberley Process Review Team


The Security Council, which has renewed for 12 months its travel ban on persons deemed to be a threat to the peace in Liberia and readjusted its arms embargo to allow the Liberian Government, as well as the United Nations peacekeeping mission in the country, to receive certain military material for the same time period, has extended until 20 December 2010 the mandate of the Panel of Experts that monitors the implementation of the measures.

The Panel of Experts is tasked with assessing the Government of Liberia’s compliance with the Kimberley Process Certification Scheme, and to coordinate with the Kimberley Process in assessing compliance. It is also required to provide a midterm report to the Council through the Committee by 1 June 2010 and a final report to the Council through the Committee by 20 December 2010, and to provide informal updates to the Committee as appropriate before those dates, especially on progress in the diamond sector since the lifting of paragraph 6 of resolution 1521 (2003) in April 2007.

The Panel must also cooperate actively with other relevant groups of experts, in particular that on C?te d’Ivoire re-established by paragraph 10 of resolution 1893 (2009), and with the Kimberley Process Certification Scheme;

The Security Council urges the Government of Liberia to implement the recommendations of the 2009 Kimberley Process review team to strengthen internal controls over diamond mining and exports, and encourages the Kimberley Process to continue to cooperate with the Panel of Experts and to report on developments regarding Liberia’s implementation of the Kimberley Process Certification Scheme.

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Avi Paz
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