Russian diamond giant first to report dropping revenues
Diamond Investing News reports its a unique year for the diamond industry despite the US financial turmoil recently. Many companies have been reporting that sales are down, however, sales of top...
View ArticleEmotions play into diamond market
Diamond Investing News reports diamond prices are set by supply and demand as well as emotions. Market sentiment directs prices by inciting dealer’s actions. If dealers think that values are going to...
View ArticleDiamond Sparkles: Juniors Jump
Diamond Investing News reports diamond has its sparkle back. With the discovery of a 507.55 carat white diamond at the Cullinan Diamond Mine, South Africa, the chicken egg-sized stone has opened up...
View ArticleDiamond Exploration Hotspots
Diamonds are expected to be a hot commodity over the long term, which will likely spur exploration, and there are at least three countries that have significant potential.Continue reading...
View ArticleDiamond Price Gains to Slow After Surging in First Half, Petra’s CEO Says
Bloomberg reports rough diamond price gains may slow in the second half of the year after surging on demand from China and India.Continue reading...
View ArticlePetra Gets Approval to Buy De Beers’ Finsch Diamond Mine for $210 Million
Bloomberg reports Petra Diamonds Ltd. (LON:PDL) will buy a diamond mine from De Beers for $210 million.Continue reading...
View ArticlePetra Assumes Management of Finsch Diamond Mine
Mining Weekly reported Petra Diamonds (LON:PDL,PINK:PDMDF) has acquired the Finsch diamond mine in South Africa from De Beers.Continue reading...
View ArticlePetra Revenues Shine
IBTimes reported Petra Diamonds (LON:PDL) reported revenue of $220.6m in the year to end-June, with mining profit at $76.4m.Continue reading...
View ArticleDiamond Miners Form Organization to Support Sector Development
Rapaport reported that major diamond companies have created an organization aimed at supporting development in the diamond sector. That support will include engaging in category marketing.Continue...
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