Rough

Leibish & Co. selling 2.02-ct fancy vivid purplish pink at HK International Jewellery Show

Fancy color diamond firm Leibish & Co. will be selling a 2.02-carat, Fancy Vivid purplish pink SI2 diamond at the March 5-9 Hong Kong International Jewellery Show.

The diamond comes from a 4.96-carat rough stone and the cushion-shaped diamond has been named the Leibish Pink Promise.

Prices of fancy color diamonds are continuously rising due to robust demand. Sotheby's sold a 0.51-carat Fancy Vivid Purplish Pink VS2 for $338,500 or $663,725 per carat in February.

Namakwa Diamonds generates almost $1 million from tender of South African rough

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A tender of rough goods from Namakwa Diamonds' subsidiaries in the North West Province of South Africa raised US$970,000.

The February 18-21 tender featured 1,962 carats of goods with an average stone size of 0.5 carats that were sold at an average price per carat of US$496.

Chief Executive Officer Theo Botoulas says: "The tender achieved satisfactory results with certain articles selling at above expected premiums.

Botswana posts sharp drop in 2012 diamond exports

Botswana posted a 28.7-percent drop on the year in diamond exports to US$3.1 billion in 2012 from US$4.15 billion in 2011, the central bank reported.

Rough diamond exports in December dropped sharply on the November figures – down 26.5 percent to US$266.1 million. However, the export figures were 34.6 percent higher than December 2011.

Botswana's national mining firm Debswana reduced diamond production during 2012 due to weaker demand for diamond jewelry around the world.

Russia's Kristall planning two sales of diamonds of 2 carats and higher

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Russian diamond manufacturer Kristall Production Corp is to hold two tenders for the sale mostly of diamonds of 2.00 carats and heavier.

The first tender is to be held at Kristall’s branch office in Hong Kong later this month, with a February 22 deadline for companies interested in taking part.

Meanwhile, the second tender will take place next month in New York, also at the company's offices, with a March 15 deadline for interested bidders.

Kristall said it will open envelopes with the tender bids on March 26.

Legal Challenge to Harry Winston's Acquisition of Ekati Stake Dropped

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The purchase by Harry Winston Diamond Corp of BHP Billiton's 80-percent stake in the Ekati diamond mine for $500 million is to go proceed after a possible legal hurdle was overcome.

A formal Notice of Discontinuance of the legal action, brought by C. Fipke Holdings Ltd against BHP Billiton Canada Ltd, Harry Winston, Stuart Blusson, Archon Minerals and various associated companies, has been received, said Harry Winston in a media statement.

New Chief Executive Officer for Scio Diamond Technology Corp

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Michael McMahon has been appointed as Chief Executive Officer of Scio Diamond Technology Corp.

Scio uses a patent-protected chemical vapor deposition process to produce high-quality, single-crystal diamonds in a controlled laboratory setting.

McMahon, who has more than 30 years of senior management leadership experience, has served as the company's Chief Operating Officer since 2011.

Paragon Diamonds stones assessment confirms high value

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A sawable rough diamond weighing 3.71-carats from Paragon Diamond's Lemphane kimberlite project in Lesotho has been valued at more than $2,300 per carat, the company said.

The diamond was part of a package weighing 114 carats produced during bulk sampling at Lemphane that was valued by WWW International Diamond Consultants.

Zimbabwe diamond company head calls for big rise in 2013 diamond production

Zimbabwe aims to increase by 100 percent its diamond output from the Marange diamond deposits this year, said a top mining official.

“We got $684.5 million from diamond exports in 2012,” Goodwills Masimirembwa, chairman of the state-owned Zimbabwe Mining Development Corporation (ZMDC) said in comments to the AFP news agency.

Masimirembwa said the country aims to raise exports this year to 16.7 million carats from the eight million carats sold in 2012.

Angola building up border to prevent entry of illegal diamond miners from DRC

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The regional governor of the diamond-rich northeastern province of Lunda Norte in Angola said officials are moving ahead with work to strengthen its border security.

Border fences and other security measures are being put in place along the 770-kilometer land frontier and 120-kilometer river border with the Democratic Republic of Congo (DRC) to prevent the entry of illegal diamond miners, said governor Ernesto Muangala in an interview with Bloomberg News.

Strike at De Beers' South African diamond mine ends as workers accept deal

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South African diamond miners returned to work on Friday following a two-week strike after the National Union of Mineworkers (NUM) reached agreement with De Beers on a two-year wage deal.

The mining firm said higher skilled workers would receive an 8-percent rise in wages, while the salaries of lower-level employees would be increased by 10 percent.

The agreement will be backdated to May, while in May 2012, raises would be at a level determined by inflation plus 2 percent.

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