Botswana exported $126.1 million worth of diamonds in July of this year, the lowest level of monthly exports so far in 2010. To date, Botswana’s diamond exports totaled $1.53 billion, according to Botswana’s central bank. The low level of exports, a 55.5 percent decline compared to July 2009, is a surprising one, considering that [...]

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Only 250 such units in Surat are registered under the Factory Act
Of the estimated 3500-odd diamond cutting and polishing units in the city, only 250 are registered under the Factory Act, often leading to denial of employee benefits to workers in the industry that employs over five lakh people. Some big units employ as many [...]

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NEW DELHI: Gems and Jewellery exports may have shot up by an impressive 63 per cent in the first four months of 2010-11, but the trend is not likely to remain robust and the current fiscal may close with just about 15 per cent growth.
“We are cautious about the export growth in the coming months [...]

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The New York Third Circuit Court of Appeals has ordered a re-hearing of the settlement of the De Beers diamond company class action law suit. The re-hearing will take place before the entire Third Circuit panel, which will be charged with deciding whether the lower court was correct in certifying the suit as a [...]

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In a major boost to gold and diamond mining in India, mining giant Rio Tinto, which has discovered an immensely rich diamond resource of 37 million tonnes in northern India’s Madhya Pradesh state, is set to invest $79 million in the country.
The second-largest mining company in the world, Rio Tinto, has decided to mine diamonds [...]

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Harare — Zimbabwe’s diamond output from Marange fields could reach 40 million carats within the next three years, realising about US$2 billion per year, a Belgian diamond expert has said.
Mbada Diamonds and Canadile Miners are the only two mining firms extracting the gemstones in the Marange diamonds fields, occupying 10 percent of the total area.
“With [...]

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Only three months after it was announced that Debswana was going to proceed with the construction of a $55-million modular tailings treatment project (MTTP) at its Jwaneng mine, in Botswana, the project has now been delayed.
Aim-listed Firestone Diamonds on Thursday informed shareholders that Debswana, which is a joint venture (JV) between De Beers and the [...]

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Sarin Technologies will offer free inscriptions on diamonds during the Hong Kong Jewellery & Gem Fair. The inscriptions will be carried out by Sarin’s recently launched DiaScribe SL system. People interested in a free diamond inscription can stop by Sarin’s booth on September 15 or 16 and get it done on the spot. The [...]

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The World Federation of Diamond Bourses is mourning the death of former WFDB President Yitzchak Forem, who passed away on September 1 after a long illness.
Forem was elected president of the Israel Diamond Exchange in 1993 and served three terms until 1998, when he was elected president of the WFDB.
Born in Poland in 1938, Forem [...]

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Botswana is hoping to revive its resources sector through the introduction of new legislative measures, an official from the Minerals, Energy and Water Resources Ministry said on Wednesday. Permanent secretary Gabaake Gabaake said in Perth that the proposed changes to the legislation would be effected by the end of 2011. “The new minerals policy [...]

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