Little hope for diamond prices to improve until ‘well into 2009’- RBC

Rough diamond prices were already too low to cover all the costs incurred by some diamond producers, but a drop in the price and demand for the commodity would likely become even worse before any improvement would be seen. Financial services firm...

Brett Thompson takes over as Pangea Diamondfields CEO

Aim-listed diamond producer and explorer Pangea Diamondfields reported that Brett Thompson on Tuesday took his new position of CEO of the company, taking over from Rob Still.

Kopane to raise £6,6m for development of Lesotho diamond mine

Aim-listed diamond producer Kopane Diamond Developments would place up to 70-million new ordinary shares at 10p a share to raise about £6,6-million, for development at its Lesotho project, as well as for general working capital purposes, it...