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News

18.05.2012
Firestone Diamonds mum on closed Botswana mine
Firestone Diamonds has remained silent on when the closed BK11 mine, in Botswana will be re-opened when it recently announced an update on its first quarter operations.

18.05.2012
Namakwa gets higher than expected prices from Lesotho diamonds tender
Namakwa Diamonds said the first sale of diamonds from its Kao mine, in Lesotho realised $6.47 million, with prices 17 per cent higher than initial projections.

18.05.2012
Diamonds Pricier for Indians Dealing in Dollars
Polished diamonds are becoming increasing expensive in India, one of the centers of the global diamond trade, due to the weakness of the local currency, the rupee.



Expert reports

18.05.2012
Charles Taylor’s Legacy‎
The guilty verdict against former Liberian president Charles Taylor, handed down on April ‎‎26 in The Hague, should send a clear message to Africa’s rogue leaders. But the fact that ‎Taylor was the first African leader to face an international tribunal – and the first head of ‎state to receive such a verdict – is bittersweet for the victims of violence and human ‎rights abuses not only in West Africa, but around the world.
17.05.2012
Nikki Oppenheimer farewell speech at the WDC gala dinner
At the gala dinner of the eight World Diamond Council meeting, a first industry leader, the chairman of De Beers Nicky Oppenheimer was awarded for significant contribution to the diamond industry. WDC President Eli Izhakoff presenting a silver plate with inscription which recognized the De Beers chairman for his many years of dedicated support for the World Diamond Council and the Kimberley Process. In turn, Nikki Oppenheimer delivered a speech.
16.05.2012
Diamond prices seen up in 2012 on sparkling demand
Prices of rough diamonds are expected to rise this year after a turbulent 2011, driven by recovering consumer demand in the United States and a robust appetite for the gems in Asia, the head of the World Diamond Council (WDC) told Reuters on Monday.
15.05.2012
World Diamond Council expresses support for widening 'conflict diamonds' description in KP Core Documents
Members of the World Diamond Council, meeting on Monday in Plenary Session at the WDC's 8th Annual Meeting, reaffirmed the diamond and jewelry industry's commitment to eliminating the trade in conflict diamonds, and agreed that the Kimberley Process Certification Scheme should evolve to reflect changes that have taken place since the KPCS was first launched in 2003.
14.05.2012
Botswana reaps rewards of De Beers move
The move of the De Beers Diamond Trading Company from London to Gaborone in Botswana is one of the biggest ever transfers of economic activity in the history of Africa. The first auction for sightholders will only be held at the end of the year as a test run for the $6bn-a-year business, but in January 2013 the first full-scale auction will be begin.

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