Petra Diamonds announces the following update with regards to the acquisition of the Finsch diamond mine in South Africa (“Finsch”) from De Beers Consolidated Mines Limited. As announced on 21 January 2011, completion of the acquisition was subject to a number of conditions precedent, the majority of which have now been satisfied. The only remaining [...]
A beautiful diamond from the Victor Mine was one of the showpiece items at the 13th Annual Fundraising Gala for the Timmins & District Hospital on Saturday, May 8th, where total proceeds from the evening reached $188,000.00. The .74 Round Brilliant diamond was mined, cut and polished in Ontario and has a retail value of [...]
Namdeb Diamond Corporation is pleased to announce its Results for the year ended 31 December 2010. Namdeb Managing Director, Inge Zaamwani-Kamwi announced that 2010 was an extraordinary year for Namdeb, considering that the global economy was in recovery mode, following the global economic crisis of 2009. Namdeb enjoyed strong price growth in 2010, and a [...]
In 2009, diamond company Spira filed a complaint with the Belgian Competition Council, accompanied by a request for interim measures addressed to the President of the Competition Council. Spira requested to be supplied by De Beers with rough diamonds in the same way as previously, awaiting the outcome of its complaint on the merits. When [...]
The Debswana Managing Director, Jim Gowans has called on the Company’s employees to pull together in 2011 and beyond, in order to ensure the realisation of the company’s mission of being the global benchmark diamond business. Gowans was speaking on Wednesday this week during his visit to Orapa and Letlhakane Mines, as part of his [...]
Adeline Jonasson, an elder from Lutsel K’e, has cut the ribbon to officially open the permanent accommodations facility at De Beers Canada’s Snap Lake Diamond Mine. Construction of the $40 million facility began in February. Employees have already moved into the new facility, which features private rooms with in-room internet connections, expanded dining room and [...]
Following its announcement on Saturday 23 October concerning the holding in Hermes International, LVMH confirms that it is fully compliant with French stock exchange regulations, notably those concerning the disclosure requirements on crossing shareholding thresholds. LVMH will file the appropriate notifications within the timeframe laid down by the French markets regulator, the AMF. LVMH Moet [...]
De Beers has been declared the Overall Winner in the ACCA South Africa Sustainability Reporting Awards for its Report to Society 2009. This is the third consecutive year that the Report to Society has been recognised for such an Award, but this time De Beers was placed in a category of its own as ACCA [...]
www.DiamondNe.ws LVMH Moet Hennessy Louis Vuitton, the world’s leading luxury products group, announces that it holds 15 016 000 shares of Hermes International, representing 14.2% of the share capital of the company. The objective of LVMH is to be a long-term shareholder of Hermes and to contribute to the preservation of the family and French [...]
Mountain Province Diamonds Inc. has announced the results of an independent feasibility study dated October 15, 2010, on the Gahcho Kue diamond project located in Canada’s Northwest Territories. JDS Energy and Mining Inc. (“JDS”) led and prepared the feasibility study, which has been presented to the Gahcho Kue Joint Venture (JV) between Mountain Province (49%) [...]
Diamdel provided opportunities to buy a full range of rough diamonds during sales events held in Q3 2010 via its online auction channel. 238 lots were made available during Q3 2010 spanning goods in -3gr, 3-8gr and 2-15ct size ranges. Just under 99% of these lots were sold at their first presentation with only 4 [...]
Diamond production increased to 9 million carats for the third quarter ended 30 September 2010 in response to market demand in advance of the holiday retail seasons, which run from Thanksgiving through to Christmas, and include Diwali, says Anglo American. De Beers‘ diamond production was higher mainly due to improved recoveries by the operations in [...]