Kopane raises £3,3m for Lesotho diamond project

Aim-listed diamond producer Kopane Diamond Developments plans to raise £3,3-million, after expenses, for working capital purposes related to its Liqhobong project, in Lesotho. The funds would be raised through a placing of 25,7-million new ordinary shares with institutional and other investors at £0,14 a share. Read more….

Rockwell hires former Pamodzi GM as operations chief

Former Pamodzi Gold East Rand GM Graham Chamberlain would take up the position of COO at JSE- and TSX-listed Rockwell Diamonds from November 1. Rockwell CEO John Bristow on Wednesday said that Chamberlain’s mix of engineering, mineral resource and financial training, as well as extensive operational experience in the senior and mid-tier mining sector would [...]

Anglo to retain stake in De Beers in long-term

Mining group Anglo American Plc said on Tuesday it plans to retain its 45% stake in De Beers, the world’s top diamond producer, in the long term. "That’s what I am thinking today, yes," Anglo’s chief executive, Cynthia Carroll, said in an interview with South Africa’s Talk Radio 702. Read more….

Stellar and West African Diamonds propose merger

Diamond development company Stellar Diamonds and Aim-listed West African Diamonds (WAD) have proposed a merger that would result in a reverse takeover of WAD on the London stock market. Stellar, which is 58,5% owned by Aim- and TSX Venture Exchange-listed African Aura Mining, have signed a heads of agreement to undertake a combination of business [...]

Victoria’s Secret unveils $3 million gold-decorated bra

Lingerie company Victoria’s Secret has launched a bra decorated with 18-c gold worth $3 million (£1.8 million). Around 15 artisans from Italian jewellery house Damiani worked for over 800 hours at the firm’s Valenza workshop to create the gold framework for the piece, which is also decorated with diamonds.The news feeds on this site are [...]

David Yurman unveils new gold bridal jewellery

Jewellery brand David Yurman has launched a new range of bridal products featuring gold rings and other pieces. At a New York press event last week, the company unveiled a collection of engagement and eternity rings crafted from 18-c gold and other materials and decorated with diamonds, pink sapphires or yellow sapphires, National Jeweler reports.The [...]

Pangea DiamondFields bets on recovering prices

Aim-listed Pangea DiamondFields Plc (PDF), which nearly hit rock bottom in the financial crisis, is banking on recovering diamond prices and an upturn in the wider US economy to help turn the company around. The diamond company added it sees its new Cassanguidi mine in Angola as underpinning its prospects. Read more….

West African Diamonds’ Guinea mine to reach full output by end-’09

Aim-listed diamond explorer West African Diamonds plans to grow by mergers and acquisitions and said it expects its Bomboko mine in Guinea to reach full capacity by year-end. The company said on Wednesday that monthly carat production at Bomboko was expected to rise to more than 2 000 ct/m once full capacity was reached, providing [...]

Demand for diamond jewellery from China and India remain strong – Rockwell

JSE- and TSX-listed diamond producer Rockwell Diamonds on Tuesday said that it was “cautiously optimistic” about the diamond market and the price trends. Rockwell CEO John Bristow said that it was encouraging that the sentiment towards diamonds had improved. Read more….

Gem Diamonds remains ‘cautious’ ahead of Christmas season

Aim-listed Gem Diamonds remains “cautious” ahead of the Christmas season, despite the upward trend of retail demand, the company said on Monday. It said in a statement that cutting centre stocks remained high, primarily owing to lower US imports of polished diamonds both from weaker US retail sales and destocking within the US diamond jewellery [...]

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