Africa

Rachel Bilson Designs Everlon Bracelet with Diamond Knot with 20% Proceeds Going to Diamond Empowerment Fund

Rachel Bilson who traveled to Botswana and South Africa late last year to learn about diamond mining and the impact it has made in the lives of the people there with the Diamond Information Center, has designed a bracelet, with $20 from each sale going to the non-profit Diamond Empowerment Fund (DEF).
The bracelet, which features [...]

Africa

Abbey Chikane Allegedly Labelled as European Representative by Leading Official in Zimbabwean Mines Ministry

South Africa’s Abbey Chikane, who has recently arrived in Zimbabwe to monitor the Kimberley Process, has allegedly been described as advancing Europe’s interests during his current visit.
Thankful Musukutwa, the Permanent Secretary in Zimbabwe’s Mines and Minerals Ministry is alleged to have stated “This person appointed to this Kimberley Process is the Zimbabwe sanctions advisor to [...]

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

Barend Petersen Appointed Acting Managing Director of De Beers Consolidated Mines as David Noko Steps Down

The De Beers Group has announced that David Noko, Managing Director of De Beers Consolidated Mines (DBCM), the Group’s South African mining entity, will step down after eight years with the company; four years as its Managing Director. He will leave at the end of March 2010.
David said, “The time is right for me [...]

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 [...]

Africa

Petra Diamonds Expects to Announce Outcome of 507 Carat Cullinan Heritage Tender Shortly; 130 Carat Diamond Recovered at Cullinan in January

Diamond News: The 507 carat diamond that was recovered in September 2009 at the Cullinan diamond mine in South Africa and recently named The Cullinan Heritage is currently on tender and Petra Diamonds expects to announce the outcome of the tender shortly.
The sale of The Cullinan Heritage, due to complete on Friday 26 February, is [...]

Africa

Petra Diamonds Limited Plans to Take Production from 1 Million Carats to 3 Million Carats per Annum by 2019

According to Petra Diamonds Limited unaudited interim results for the six months to 31 December 2009, the company’s gross mine revenue was up 32% to US$62.4 million from US$47.3 million in the second half of 2008. Petra Diamonds’ Group attributable revenue was up 43% to US$48.4 million, against the US$33.8 million recorded in the [...]

Africa

Botswana Government Bond Ratings Changed to Negative from Stable by Moody’s Investor Service

Moody’s Investors Service has changed the outlook on Botswana’s A2 government bond ratings to negative from stable, reflecting the continued strain on the country’s finances imposed by the global economic crisis.
Moody’s notes that Botswana’s economy was hit especially hard at the beginning of the crisis, when worldwide demand for luxury goods such as diamonds literally [...]

Africa

Diamond Producer Pangea DiamondFields Sells 2,813 Carats of Diamonds for Average of $180 Per Carat

Diamond producer and exploration company Pangea DiamondFields plc (AIM: PDF) says that recent prices realised for sale of its diamond production in Angola have continued to exhibit an upward trend.
The sale of 2,813 carats, which took place last week in Luanda, yielded an average price of US$160.00 per carat before sales taxes. This represents approximately [...]

Africa

Namakwa Diamonds Sign Cooperation Agreement with Andre Messika

Namakwa Diamonds Limited has signed a co-operation agreement with B.L.I.D International, the operating company of the Andre Messika Group, a leading diamantiare based in Paris and Tel Aviv.
Andre Messika is a preferred wholesale diamond supplier to internationally recognised jewellery houses, as well as being a wholesale jewellery manufacturer and retailer with numerous outlets in Europe [...]

Company News

Petra Diamonds Appoints Dr. Omar Kamal as Non-Executive Director; Volker Ruffer Retires

Petra Diamonds Limited is pleased to announce the appointment of Dr. Omar Kamal as non-executive director of the Company with immediate effect. Dr. Kamal is a Managing Director of Al Rajhi Holdings W.L.L. (“Al Rajhi”), Petra’s largest shareholder with 18.1 per cent. of the Company’s issued share capital.
Petra also announces that Volker Ruffer has retired [...]

Africa

Leading Mining Companies Commit to partnerships for Development

The Honourable Minister Alhaji Collins Dauda, Minister for Land and Natural Resources – Ghana, and Mark Cutifani, CEO of AngloGold Ashanti, jointly launched a new initiative at the INDABA Mining Convention in Cape Town, South Africa.
‘Mining: Partnerships for Development’ is a global initiative to enhance mining’s contribution to development and poverty reduction through multi-stakeholder partnerships.
In [...]

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