De Beers-quitting Oppenheimers go on with Oppenheimer & Son

The big names of De Beers and Anglo American have hogged the limelight. But perhaps questions should have been asked about E Oppenheimer & Son. If they had been, perhaps the exit of the Oppenheimer family from De Beers and its nigh-exit from...

Oppenheimers shed De Beers but continue with age-old E Oppenheimer & Son

The big names of De Beers and Anglo American have hogged the limelight. But perhaps questions should have been asked about E Oppenheimer & Son. If they had been, perhaps the exit of the Oppenheimer family from De Beers and its nigh-exit from...

Diamond sales timing cuts Harry Winston's Q2 profit

Diamond miner and jewellery retailer Harry Winston late on Wednesday reported a 3% increase in gem sales for the quarter ended July, despite a 41% price rise, as the timing of diamond tenders impacted its results. This resulted in a 23% decrease...

Namakwa Diamonds could attract suitors − analyst

London-listed Namakwa Diamonds, which recently unveiled a strategic review, could be a takeover target, an analyst at RBC Capital Market said this week. The company announced last week that it would sell its business in the Democratic Republic of...

Diamonds lose some shine, no further big falls anticipated - analysts

As diamond prices show there first significant drops since posing a significant recovery from the financial crisis, analysts said on Tuesday the pullback was due at some point, and that prices should more or less hold their current levels for the...

Anglo chided for being too South African, Carroll puts up strong defence

Anglo American CEO Cynthia Carroll put up a spirited defence of South Africa in the face of pointed queries from mining analysts, following Anglo’s strong 45% increase in core operating profit to $5.9-billion in the six months to June 30. Bank...

Anglo chided for being too South African, Carroll puts up strong defence

Anglo American CEO Cynthia Carroll put up a spirited defence of South Africa in the face of pointed queries from mining analysts, following Anglo’s strong 45% increase in core operating profit to $5.9-billion in the six months to June 30.

RBC says strong price rises ahead for diamonds

Analysts at RBC Capital Markets said on Thursday diamond producers and near-term developers will likely be popping champagne corks over the next few years as surging Asian demand props up prices. In a report on the bank’s fourth yearly diamond...

Japan to have minimal impact on diamond market – De Beers

The Japanese natural disasters last week will probably have a minimal impact on consumer demand for diamonds, world number-one diamond miner De Beers said on Wednesday. “It's probably a bit too early to comment in detail but our assessment is...

Reeling Japanese consumers to affect diamond demand for 'a couple of years'

The Japanese natural disasters will have a “significant impact” on diamond demand in the country that consumed 11% of the gems in 2010, Paradigm Capital analyst David Davidson said on Tuesday. “This is certainly going to have ramifications...

Key US market drags its feet as China, India lead diamond recovery

If diamonds are a girl's best friend, Chinese girls are certainly a diamond producer’s best friend. While demand for the sparkling stones is still limping along in most other countries, China is eating them up. The Asian powerhouse will double...

Rockwell to buy Blue Gum project in SA from Etruscan

SE- and TSX-listed Rockwell Diamonds plans to buy a 74% interest in the Blue Gum diamond operation, in South Africa's Ventersdorp region, from Etruscan Diamonds, the firm announced on Thursday. Rockwell signed a term sheet in which it offered to...