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

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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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World Diamond Council Calls for Increased Vigilance of Potential Trade in Zimbabwe’s Marange Diamonds


The World Diamond Council has renewed its call for members of the industry to redouble their efforts to ensure that no diamonds from Marange diamond fields are traded until the Kimberley Process monitor is in place and is actively controlling exports from the area.
The KP has developed, jointly with the government of Zimbabwe, a mechanism to ensure full compliance with KP requirements of all of Zimbabwe’s diamond production, including those from Marange, the one region in Zimbabwe where there were substantial indications of noncompliance.
“The WDC is committed to supporting this mechanism fully,” said Eli Izhakoff, WDC’s
President. “All participants in the supply chain for diamonds are responsible to apply
intensive due diligence to ensure that no diamonds from Marange are traded until the KP
monitor is in place, and is controlling exports from that area.”
The WDC urgently reminded all industry members trading in diamonds (rough, polished, or in jewelry containing diamonds) to use the System of Warranties every time these products are sold. This system was designed to provide assurances through the entire supply chain down to the consumer that they do not purchase diamonds that have been traded in violation of any KP requirements.

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Avi Paz
One Comments Post a Comment
  1. [...] the position, the substantive issue is the upholding of ACR’s rights and mining title at Marange. This was achieved comprehensively through the 25 September Judgement and, although subject to the [...]

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