Gem Diamonds sees prices strengthening by mid-2012

Global economic uncertainty is still likely to cause volatility in the rough diamond market in the first half of 2012, but prices should improve in the second half, the chairperson of London-listed Gem Diamonds said on Tuesday. Roger Davis said...

Rockwell sees rough diamond market strengthening

JSE- and TSX-listed Rockwell said on Wednesday that the company was encouraged by the strength of the rough diamond market in the first six months of the year, but anticipated a slight slowdown in sales during the forthcoming Europe and North...

Gem eyes growth as rough diamond market improves

LSE-listed diamond-miner Gem Diamonds had weathered the downturn and was assessing opportunities to grow its business in light of the improvements seen in the rough diamond market, CEO Clifford Elphick said on Friday. In an update to...

Diamond industry roars for a new deal at robust ‘town hall’ pow-wow

At a robust “town hall” meeting in Johannesburg on Wednesday evening, the full-spectrum of the hard-hit South African diamond industry pledged to present a united plea to the South African government to accept new solutions aimed at boosting...

We've agreed to invest another $450m in De Beers – Anglo

Anglo American has agreed in principle to invest another $450-million in diamond company De Beers, Anglo spokesperson James Wyatt-Tilby told Mining Weekly Online on Tuesday. "Yes, Anglo American has agreed in principle to invest up to...

De Beers sees more positive trends for diamond industry, mulls Canadian production ramp-up

Diamond giant De Beers is considering increasing production next year at its Snap Lake mine, in Canada’s Northwest Territories, and will likely make a decision early in November, spokesperson Cathie Bolstad said last week.

De Beers mulls ramping up Canadian diamond output

Diamond giant De Beers is considering increasing production next year at its Snap Lake mine, in Canada's Northwest Territories, and will likely make a decision early in November, spokesperson Cathie Bolstad said on Wednesday. De Beers Canada...

Diamond demand growth may ‘slow’ – James Allan

Global diamond demand growth might “slow” to 2-to-3% a year in a year in which prices had risen by at least 10%, Allan Hochreiter MD James Allan said on Monday. Allan told the 2008 Paydirt World Diamond Conference in Perth that rough diamond...

Gold steadies above $800, watches weakening dollar

Gold steadied above $800 an ounce on Thursday, regaining strength as worries over credit markets and slowing US growth lifted its appeal as an alternative investment, while Tokyo futures were pressured by a firm yen.

Could Sexwale emerge as bridge in golden peace talks?

It has emerged that Norilsk Nickel, which has given an irrevocable undertaking to Harmony to support its all-share bid for Gold Fields, did not vote in favour of the majority of the resolutions at Gold Fields annual general meeting (AGM) earlier...

Obsession with $400/oz rescues Comex gold

Commodity funds came flocking back to Comex gold yesterday after lightening their load in a shakeout the previous day, obsessed with trading $400 gold as the dollar plumbed new lows against the euro.