Dominion Diamond Corp has the money to buy BHP's 60% Diavik stake, says Bob Gannicott

Dominion Diamond Corp, formerly Harry Winston Diamond Corp, has the financial ability to buy Rio Tinto's majority stake in the Diavik diamond mine in northern Canada if the price is right, said Chairman and Chief Executive Officer Robert Gannicott .

Rio Tinto may pull out of the diamond business, while Dominion already owns 40 percent of Diavik, in Canada's Northwest Territories.

Israel posts 8.3 percent drop in polished exports in first quarter

Israel's net diamond exports in the first three months of this year fell 8.3 percent to US$1.60 billion from US$1.75 billion a year before, according to figures published by the diamond administration of the Economy Ministry.

Net polished imports in the first quarter fell 13 percent to US$962 million from US$1.11 billion in the same period last year.

Two Indians shot dead by accident in Central African Republic

Two Indian men, who were among a group of 15 Indians travelling in three cars, were accidentally killed by French soldiers in the Central African Republic (CAR).

The Indian nationals were believed to be in the country on diamond business.

French President Francois Hollande sent a letter expressing regret for the incident at Bangui airport in which six Indians were also seriously injured to Indian Prime Minister Manmohan Singh.

Jewelry magnate Laurence Graff pays visit to Israeli diamond week

Leading British jeweler Laurence Graff visited the US/International Diamond Week where he was given a tour by IDE President Yair Sahar and Diamond Dealers Club of New York President Reuven Kaufman.

"The Diamond Week is very impressive, Graff says. "When was the trading hall this busy? It is a tremendous idea. Really excellent." He declined to comment on whether he planned to buy any diamonds.

Dubai's Bin Sulayem tells conference that West no longer dominant in global diamond industry

Dubai Multi Commodities Centre (DMCC) Executive Chairman Ahmed Bin Sulayem told the inaugural Dubai Diamond Conference 2013 that the international diamond industry "is no longer dominated by Western countries".

Five new sightholders for remainder of 2012-2015 contract period, says De Beers

De Beers has added five new sightholders for the remainder of the 2012-2015 Supplier of Choice (SoC) contract period.

De Beers’ modified SoC re-planning process, announced in 2011, enables businesses that demonstrated sufficient demand through De Beers’ auction sales in 2012, to qualify for term contract supply and sightholder status.

Alrosa's diamond reserves jumped by nearly 36 million carats last year

Alrosa's diamond reserves last year increased by around 35.8 million carats, partly as a result of exploration of the Ebelyakh and Gusiny placers, the company's executive committee was told.

Alrosa reported in November last year that it has diamond reserves, proven and probable in Russia, of 630.6 million carats.

The miner began exploration of the Dalnyaya pipe, and continued operations at its Verkhne-Munskoe, Mayskoe and Zarnitsa deposits.

Antwerp Polished Exports Decline to $1.25B in February from $1.37B

Belgian exports of polished diamonds in February dropped on the year to $1.25 billion from $1.37 billion a year earlier, according to figures published by the Antwerp World Diamond Centre (AWDC).

Meanwhile, exports in volume terms totaled 585,565 carats from 655,196 carats in February 2012. The average price per carat rose to $2,127 from $2,095 in February 2012.

Botswana's 2012 diamond exports up 19.5 percent on year to $4.6 billion

Botswana's diamond exports, including rough and manufactured goods as well as diamonds De Beers brought into the country for sorting, rose 19.5 percent on the year to around US$4.6 billion in 2012, the Central Statistics Office (CSO) reported.

Stellar Diamonds reports renewal of two diamond exploration licenses in Guinea


Two diamond exploration licenses in Guinea have been renewed, said diamond exploration company Stellar Diamonds plc which is focused on West Africa.

The two exploration licenses are adjacent to its Droujba project and cover 118 sq km and are considered prospective for discovery of diamondiferous kimberlites.·Droujba currently hosts a three-million carat diamond resource

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