A Sri Lankan entrepreneur has successfully recovered gold from the black sand that is washed away from the gem gravel.
The entrepreneur met the Chairman of the National Gem and Jewellery Authority(NGJA), Mr Anil Koswatte
Rio Tinto’s diamond output dropped by 54% according to diamondworld .net to Only 2.79 million carats.
The production of diamonds during the third quarter at its mines doubled.
During the first nine months of this
A large 507.55 carat diamond was discovered at the Cullinan Diamond Mine on Thursday the 24th September 2009. This makes it one of the largest rough diamonds ever found.
This is the 18th largest rough diamond discovered
The diamond output of Namibia rose more than double in the second quarter compared to the first,said Paul Hartmann, the Deputy Governor of the Bank of Namibia. However the number of carats mined were not disclosed.
The Government of Zimbabwe lost a three year long legal battle with African Consolidated Resources (ACR) Plc , a British registered company for the control of the Marange diamond fields. The High Court ruling which was
The world’s third largest mining company, the Rio Tinto Group is to resume work on its expansion plans at the Argyle diamond mine next year. The resumption of the expansion plans follows recovery in the global jewelry demand.
Harry Winston posted a loss in the second quarter due to reduction in demand for diamonds and a drop in diamond prices. However the prices of diamonds have rebounded from the first quarter.
The Q2 loss was $0.32 per share (One year before they had a
De Beers made the biggest sale this year in August 2009. The sale that amounted to US$ 475 million was the seventh sale this year.
According to Bloomberg the total sales of De Beers so far this year is US$ 2.2 billion,
Gem Diamonds expects a better profit during the second half after posting a 31% fall in the first half pf 2009.
The company also noted that they do not expect a dramatic increase in the diamond prices, therefore the company