ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the [...]
Exploration & Mining
Russia’s Alrosa Signs Agreements with Rosy Blue, Diamond India and Ratilal Becharlal for $490 Million
Africa
IMF Technical Assistance Helping African Countries Step Up Measures Against Money Laundering and Terrorist Financing in the Gold and Diamond Sectors
The International Monetary Fund (IMF) is helping 16 African countries step up their fight against money-laundering and the use of their lucrative gold and diamond industries to fund terrorism through a range of technical assistance programs and seminars targeted at helping countries address institutional weaknesses. In the last few years, a [...]
Canada
Diamond Inclusion Eclogites recovered from Tres-Or’s Guigues Pipe, Quebec
Tres-Or Resources Ltd. (Tres-Or) reports on a preliminary microprobe evaluation of the Guigues Kimberlite near Notre Dame du Nord, Quebec. Microprobe analyses from kimberlite indicator minerals (KIMs) recovered from three reverse circulation (RC) drill holes completed at the Guigues pipe have returned eclogite garnets comparable to most inclusions in diamond. These eclogite garnets with diamond [...]
Canada
Stornoway Closes $11.5 Million Equity Financing; Proceeds to be Used for Renard Diamond Project
pStornoway Diamond Corporation has closed the equity financing previously announced on February 3, 2010 pursuant to which Stornoway has sold 23,000,000 common shares at a price of $0.50 per share for gross proceeds of $11,500,000 (the Offering)./p
pThe Company intends to use the net proceeds of the Offering to complete a bankable feasibility study and conduct [...]
Asia
De Beers 5.16 Carat Millennium Blue Diamond Has Estimate of up to $5.8 Million for Sothebys Auction
pOne of the items on auction at the Sothebys Hong Kong April sale will be a De Beers Millennium Jewel: A pear-shaped internally flawless fancy vivid blue diamond ring weighing 5.16 carats. The estimate is between US$4.6-5.8 million./p
pMr. Kevin Ching, Chief Executive Officer, Sothebyrsquo;s Asia, says, ldquo;Our last Autumn Sales totalled a stunning 88% above [...]
China
GIA Offers Laboratory Services During the Hong Kong International Jewellery Show
pThe Gemological Institute of America (GIA) Show Service Laboratory will offer diamond and colored stone services during the upcoming Hong Kong International Jewellery Show taking place March 5ndash;9./p
pThe GIA Show Service Laboratory is a convenient and mobile version of a GIA Laboratory that can provide trade show participants with the gemstone grading and identification services [...]
Americas
Lauren Klein Jewelry Introduces Fresh, New Womenrsquo;s Jewelry Arrivals for Spring 2010
pLauren Klein Jewelry, a leading online retailer of womens jewelry, monogrammed jewelry and diamond necklaces, has announced the arrival of new womenrsquo;s jewelry pieces that complement Spring 2010 clothing styles. The new jewelry arrivals include pieces made of gold, white gold, diamonds and a variety of fashion jewelry from well-known designers./p
pldquo;Spring fashions are awash in [...]
Company News
507 Carat Cullinan Heritage Diamond Sells for US$35.3 Million to Chow Tai Fook of Hong Kong
pPetra Diamonds Limited has announced that the 507 carat Cullinan Heritage has been sold for US$35.3 million, the highest sale price on record ever achieved for a rough diamond./p
pThe diamond was sold on tender in South Africa and was purchased by Chow Tai Fook Jewellery Company Limited, Hong Kong. The purchaser has not at this [...]
Africa
UN Report Finds Botswana Governmental Position on Kalahari Habitation by Basarwa to appear to be Inconsistent with its Decision to Permit Gem Diamonds/Gope Exploration Mining Activities
pThe [Botswanan] Governmentrsquo;s position that habitation of the [Kalahari] reserve by the Basarwa and Bakgalagadi communities is incompatible with the reserversquo;s conservation objectives and status appears to be inconsistent with its decision to permit Gem Diamonds/Gope Exploration Company (Pty) Ltd. to conduct mining activities within the reserve, an operation that is planned to last several [...]
Asia
AWDC Pavilion to be one of the largest at Hong Kong International Show
pIn a further indication of the growing importance of the Chinese market, more than 50 Antwerp diamond companies will be exhibiting inthe Antwerp Diamond Pavilion at the March 5-9 Hong Kong International Show./p
pThe dedicated website for the Antwerp Diamond pavilion at the Hong Kong International Show is located at a href=http://www.antwerpdp-hk.comwww.antwerpdp-hk.com/a.br /
br /
A growth [...]
Africa
Texada Ventures To Raise $3 Million; in Acquisition of DRC Diamonds Producer Diamond Industry Associates
Texada Ventures Inc. has entered into a Term Sheet with Diamond Industry Associates Ltd (DIA) whereby Texada will acquire 100% of DIA’s issued and outstanding shares or alternatively the assets and contractual obligations of DIA. The acquisition will be subject to a definitive agreement and customary terms and conditions. In conjunction with the transaction, the [...]
Africa
Pangea DiamondFields Merges Diamond Operations with International Gold Exploration AB
Pangea DiamondFields plc has entered into a legally binding conditional sale and purchase agreement with International Gold Exploration AB (IGE) whereby Pangea will merge its diamond interests with those of IGE by the disposal to IGE of the entire issued share capital of Efidium Limited (Efidium), which is the holding company for all operational activities [...]
