Owner: Diamond news URL:http://diamonds-news.blogspot.com/ Join Date: Sat, 19 Jan 2008 16:30:38 -0600 Rating:0 Site Description: Diamond news and information online Site statistics:Click here
American diamonds are forever 2008-03-03 11:24:00 If American
diamond-studded jewellery is more your taste, go right ahead and flaunt them. For now, gold and silver jewellery studded with synthetic diamonds will be lighter on your pocket, thanks to the 5% reduction in customs duty on rough as well as cut and polished cubic zirconia.Zirconia, a synthetic diamond, is popularly known as American diamond.While FM has exempted rough zirconia, which used to attract 5% customs duty, he has brought down customs duty on cut and polished zirconia from 10% to 5%. Customs duty on rough coral, largely used in jewellery for religious purposes, has also been slashed from 10% to 5%.
Namibia: Commissioner Slams 'Diamond Cowboy' 2008-02-26 05:16:00 DIAMOND Commissioner
Kennedy Hamutenya has slammed alleged attempts by Malaysian businessman Subrmanian Ragubahti to discredit the Ministry of Mines and Energy, warning that the fight for control of the Skeleton Coast diamonds amounted to playing Russian roulette with Namibia
's international reputation for clean diamonds.In a strongly worded press release issued late last week, Hamutenya called on the Government to bring an end to the fight for control of the so-called Toscanini claim "...before it is too late because Toscanini has become a liability for our industry's reputation".
Read more:Cowboy
Online diamond sales shine 2008-02-22 15:26:00 Union Diamond Corp., founded in 2001, has grown from a one-man operation to 18 employees selling diamond
s, pre-made and custom jewelry and watches through its Web site (www.uniondiamond.com). The company also has a showroom on Paces Ferry Road in Vinings, but 98 percent of its sales are online, says Scott Anderson, president and CEO.Union Diamond had three record sales of $250,000 last year, Anderson said. Some frequent customers are getting close to the million-dollar mark for combined spending, he said.
Shopping with the oligarchs 2008-02-18 01:36:00 For there are an awful lot of things for sale at the Millionaire Fair, most of which you could never have even imagined that anyone might want, let alone possibly need, or ever realistically consider buying. A cigarette dispenser carved from the tusk of a 10,000-year-old woolly mammoth dug up from beneath the Siberian permafrost? A Swarovski crystal-encrusted Mercedes Benz? A diamond-studded computer zip card? And they all require 6ft model-cum-replicants artfully displayed next to them to properly show off their beauty.
Read more:Shopping
CANADIAN DIAMONDS, BACK IN THE ROUGH 2008-02-14 01:42:00 The country's gem miners are being ravaged by a soaring dollar and the head of Teck Cominco Ltd. said yesterday that his company is no longer interested in investing in the diamond sector."At the moment, that move in the Canadian dollar has really hurt the industry, so I doubt that we'd be making any moves there," Mr. Lindsay said on a conference call to discuss Teck's fourth-quarter financial results.
Diamonds stolen from show display 2008-02-05 18:22:00 Diamonds with an estimated value of £200,000 have been stolen
during an exhibition in Birmingham - a year after a similar theft at the same event.
Read more:Diamonds
Second Diamond Project Progressing in South Africa 2008-01-23 13:21:00 Bonaparte Diamond Mines NL's (ASX Code: BON) ("Bonaparte") plans to build onlandproduction are gaining momentum with recent progress on its second SouthAfrica
n miningproject, the Vaal River Project
. Bonaparte now has several quality South Africa
n diamond projects in the pipeline to be brought on-stream during 2008.
Read more:Second
Up to $5m in diamonds stolen 2008-01-19 16:56:00 RAM-RAIDERS smashed through the window of an exclusive Sydney jewellery store yesterday, netting up to $5million in rare pink diamonds.The thieves used a stolen
white Nissan four-wheel-drive to crash through the rear of the Mondial Neuman store in the Queen Victoria Building just before 9am.
Researchers invent a way to identify blue diamonds 2008-01-19 04:12:00 The team conducted its experiments at the Smithsonian's National Museum of Natural History in Washington on the Hope Diamond. Blue diamonds are known to react with ultraviolet rays. They exposed the hope Diamond to the rays and noted that the diamond glowed with a reddish-orange phosphorescence colour for five minutes, and the emitted rays were of varying wavelengths, which became a marker for a blue diamond.
Read more:invent
, identify
Huge diamonds found in DRC 2008-01-18 15:01:00 A Canadian mineral exploration firm, Mexivada Mining Corp, has reported the discovery of two large diamonds in its 100% controlled Malambani Permis de Recherche concession, located near Mayoko in the Democratic Republic of Congo (DRC).Mexivada described the first stone as a white, modified octahedron 7.5 milimetres in diameter while the second stone was a shiny 6 milimetre greenish-white coloured dodecahedral diamond. Each of them weighs 0.1 gram.
Diamonds Last Forever ... If They're Insured 2008-03-10 04:10:00 Diamond jewelry is a popular gift at Christmas and Valentine's Day, which means this is the time of year when people tend to have new valuables that they may need to consider insuring.Maura Clancy, chairwoman of the Independent Insurance Agents and Brokers of New York, said a standard homeowner's or renter's policy won't offer enough coverage.Many policies limit the dollar amount for theft of valuable personal possessions such as jewelry, furs, and precious stones from $1,000 to $2,000 total, according to the Insurance Information Institute.Face it: Jewelry can be stolen or go missing. So Clancy said whether you have tenant's policy or a homeowner's policy, you can buy what's called a valuable articles floater and add that on.Prices for floaters and endorsements vary depending on the type Read more:Diamonds
, Forever
, Insured
Canada’s frigid north a diamond miner’s paradise 2008-03-17 05:50:00 At the Diavik mine, just over 130 miles south of the Arctic Circle, a 650-foot deep crater pierces a frozen-white tundra, yielding some of the purest diamond
deposits known. “They’re among the three best pipes in the world, by value per tonne,” spokesman Tom Hoefer said of the kimberlite pipes — vertical columns of diamond-bearing rock — the mine is currently working. Hoefer relates a story — true, he says — of a drill that was pulled from the ground with a sizable diamond stuck right on the bit.
Read more:Canada
Diamond magnate backs Africa with words and new jobs 2008-03-25 03:56:00 Nicky Oppenheimer, scion of South Africa
's richest family, believes that the country where its fortune was made remains “enormously investor-friendly” and will stay that way, despite recent concerns over its future leadership and a continuing power crisis.“Is South Africa a country I would feel comfortable investing in? Absolutely. I would have no problem with that at all,” he told The Times. “I believe South Africa is very investor-friendly and that will remain.”
Indo-Africa Summit to Boost Diamond Industry 2008-04-08 19:08:00 Diamonds may not be high on the agenda, but the India-Africa
Forum Summit
, a government-to-government initiative being held in New Delhi from April 7-9, is widely expected to foster a political and business environment to help build direct relationships between diamond mining countries in Africa and the sizable diamond manufacturing industry in India. Over 14 heads of state and government and many senior ministers from different African countries are taking part in the three-day event, including South African President Thabo Mbeki, DRC President Joseph Kabila Kabange and John Kofi Agyekum Kufuor, president of Ghana.At the conclusion of the summit the two sides will release a joint declaration and a cooperative framework that will set out the roadmap to define the new India-Africa partnersh Read more:Boost
Profits from Namibia's largest diamond mine drop by half 2008-04-20 06:22:00 Net profits from Namibia
's largest diamond
producer, Namdeb, a subsidiary of DeBeers, dipped almost by half last year despite slight increase in production, the company said on Friday."Net profits for the year 2007 came to 143 million Namibian dollars (18.4 million US dollars) compared to 305 million Namibian dollars (39.3 million US dollars) in 2006," Namdeb, jointly owned by the Namibian government and the DeBeers, said in a newspaper advertisement.Diamond production in 2007 was 2,176 carats, four percent up from 2,085 carats the previous year, with half of the diamonds found on land and from marine mining in the Atlantic Ocean.
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