Diamond – Rapaport reported that on December 2, RapLab, a Rapaport Group company, will begin providing diamond traders with synthetic diamond detection services. It plans to use technology developed by De Beers.
Articles Tagged "De Beers"
Diamond – Botswana is full of diamond exploration, development and production companies. Here's a brief overview of six of them.
Diamond – Bloomberg reported that Mountain Province Diamonds Inc. (NYSEMKT:MDM), which is working with De Beers on the Canada-based Gahcho Kue project, plans to raise $125 million in a rights offering that will be backed by the company's largest shareholder, Irish billionaire Dermot Desmond.
Diamond – Rapaport said in its weekly report that several large diamond companies, including ALROSA (MCX:ALNU), De Beers, Rio Tinto plc (ASX:RIO,LSE:RIO,NYSE:RIO) and Dominion Diamond Corp. (TSX:DDC,NYSE:DDC), saw production increases in the third quarter of this year despite the fact that manufacturers have been refusing goods.
Diamond – Rapaport reported that the De Beers Group of Companies has started construction of a $2-billion underground mine below the South Africa-based open-pit Venetia mine. The new mine should extend Venetia's life beyond 2040; it will also replace the open pit as South Africa's largest diamond mine.
Diamond – In its weekly report, Rapaport said that attendees of De Beers' October sight were frustrated due to a lack of "profitability or liquidity in the rough market." About 15 percent of goods, worth $86 million, were left on the table.
Diamond – Reuters reported that this week, De Beers will hold its last sight in London. Moving forward, sights will take place in Gaborone, Botswana.
Diamond – CNBC reported that according to Alison Turner, a mining analyst at Panmure Gordon, diamond investors are likely to benefit from a recovery in consumer sentiment in the United States.
Diamond – Bloomberg reported that as the Indian and Japanese currencies depreciate, De Beers is counting on jewelry demand from the United States in the second half of 2013. The company is "cautiously optimistic" about demand for polished diamonds.
Diamond – CBC News reported that today a Northwest Territories board is expected to release its recommendations regarding De Beers' Gahcho Kue diamond project; along with Mountain Province Diamonds Inc. (NYSEMKT:MDM), De Beers wants to build an open-pit mine at Kennady Lake.