Diamond http://www.globalpost.com/taxonomy/term/28375/all en Petra Diamonds cuts full-year production forecast http://www.globalpost.com/dispatch/news/thomson-reuters/130129/petra-diamonds-cuts-full-year-production-forecast <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 29 (Reuters) - South Africa-focused miner Petra Diamonds lowered its full-year production target by about 7 percent, citing volatility of recovered grades, particularly at its Finsch and Cullinan mines.</p> <p>Petra said it to expects to produce about 2.65 million carats for the year ending June 30, down from its previous forecast of 2.85 million carats.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/petra-diamonds-cuts-full-year-production-forecast" target="_blank">read more</a></p> Chemistry Diamond Entertainment Petra Diamonds Thomson Reuters Tue, 29 Jan 2013 09:15:23 +0000 5740897 at http://www.globalpost.com Zimbabwe to double Marange diamond output-paper http://www.globalpost.com/dispatch/news/thomson-reuters/130129/zimbabwe-double-marange-diamond-output-paper <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>HARARE, Jan 29 (Reuters) - Zimbabwe expects diamond production from its Marange fields to double to 16.9 million carats this year as companies ramp-up production in a region where human rights groups have flagged concerns over rights abuses, state media reported on Tuesday.</p> <p>The government through its mining firm Zimbabwe Mining Development Corporation (ZMDC) operates five joint venture mines in Marange, which produced 8 million carats in 2012 and generated $685 million in exports, the state-owned Herald newspaper reported.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/zimbabwe-double-marange-diamond-output-paper" target="_blank">read more</a></p> Africa Diamond Politics Technology Thomson Reuters Tue, 29 Jan 2013 09:31:27 +0000 5740926 at http://www.globalpost.com UPDATE 1-Petra Diamonds cuts full-year production forecast http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-petra-diamonds-cuts-full-year-production-forecast <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Adds CEO, analyst comments, updates share movement)</p> <p>Jan 29 (Reuters) - South Africa-focused miner Petra Diamonds lowered its full-year production target by about 7 percent, citing volatility of recovered grades, particularly at its Finsch and Cullinan mines.</p> <p>Petra, which has seven operating mines in South Africa and one in Tanzania, said it to expects to produce about 2.65 million carats for the year ending June 30, down from its previous forecast of 2.85 million carats.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/update-1-petra-diamonds-cuts-full-year-production-forecast" target="_blank">read more</a></p> Chemistry Diamond Entertainment Mining Thomson Reuters Tue, 29 Jan 2013 09:31:34 +0000 5740930 at http://www.globalpost.com De Beers invests in new South African diamond mine http://www.globalpost.com/dispatch/news/afp/130214/de-beers-invests-new-south-african-diamond-mine <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The world's leading diamond company De Beers announced Friday a $2 billion investment in a new South African diamond mine that will begin production in 2021.</p> <p>The underground mine is beneath the currently operating open pit Venetia Mine in northern Limpopo Province. </p> <p>"The development and build phase of the underground mine is expected to create 1,000 jobs over the next nine years while open pit mining operations continue," De Beers said in a statement.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130214/de-beers-invests-new-south-african-diamond-mine" target="_blank">read more</a></p> Chemistry De Beers De Beers Diamond Technology AFP Fri, 15 Feb 2013 01:47:17 +0000 5756208 at http://www.globalpost.com De Beers sees glimmer of hope for hard-pressed diamond market http://www.globalpost.com/dispatch/news/thomson-reuters/130215/de-beers-sees-glimmer-hope-hard-pressed-diamond-market <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* China, India leading modest demand recovery for diamond jewellery</p> <p>* Rough diamond prices drop 12 pct in 2012</p> <p>* 2012 sales fell 16 pct, core earnings slid 39 pct</p> <p>By Brenton Cordeiro</p> <p>Feb 15 (Reuters) - A more positive outlook in China and India will help boost diamond sales this year, says De Beers, the world's biggest diamond producer, in a further sign the world economy is on a slow path to recovery.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130215/de-beers-sees-glimmer-hope-hard-pressed-diamond-market" target="_blank">read more</a></p> Business Chemistry Diamond Matter Thomson Reuters Fri, 15 Feb 2013 11:52:42 +0000 5756537 at http://www.globalpost.com Brussels airport heist nets $50 mn in diamonds http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Machine-gun toting robbers disguised as cops made off with $50 million worth of diamonds in a spectacular heist on the tarmac at Brussels airport, prosecutors and dealers said on Tuesday.</p> <p>Monday night's robbery at Zaventem airport was "one of the biggest" ever, said a spokeswoman for the Antwerp World Diamond Centre (AWDC), the global dealers syndicate.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds" target="_blank">read more</a></p> Diamond Flanders Politics of Belgium AFP Tue, 19 Feb 2013 12:00:44 +0000 5759798 at http://www.globalpost.com UPDATE 1-Robbers pull off huge diamond heist at Brussels airport http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-robbers-pull-huge-diamond-heist-at-brussels-airport <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Diamonds taken at machinegun-point</p> <p>* Masked robbers dressed as police (Adds details on value, prosecutor's comments)</p> <p>BRUSSELS, Feb 19 (Reuters) - Robbers dressed as police and armed with machineguns have stolen 120 parcels of diamonds worth millions of dollars from the runway of Brussels Airport in one of the biggest heists the industry has seen.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130219/update-1-robbers-pull-huge-diamond-heist-at-brussels-airport" target="_blank">read more</a></p> Chemistry Diamond Matter Thomson Reuters Tue, 19 Feb 2013 13:00:36 +0000 5759838 at http://www.globalpost.com Brussels airport heist nets $50 mn in diamonds http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Heavily armed robbers disguised as cops made off with $50 million (37 million euros) worth of diamonds in a spectacular heist on the tarmac at Brussels airport, prosecutors and diamond dealers said Tuesday.</p> <p>The Monday night robbery at Zaventem airport just before 8 pm (1900 GMT) was "one of the biggest" ever, said a spokeswoman for the Antwerp World Diamond Centre (AWDC), the global dealers' syndicate.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-0" target="_blank">read more</a></p> Chemistry Diamond Politics of Belgium AFP Tue, 19 Feb 2013 13:16:27 +0000 5759873 at http://www.globalpost.com Brussels airport heist nets $50 mn in diamonds http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Heavily armed robbers disguised as police made off with $50 million (37 million euros) worth of diamonds in a spectacular heist on the tarmac at Brussels airport, prosecutors and diamond dealers said Tuesday.</p> <p>The Monday night robbery at Zaventem airport just before 8 pm (1900 GMT) was "one of the biggest" ever, said a spokeswoman for the Antwerp World Diamond Centre (AWDC), the global dealers' syndicate.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamonds-1" target="_blank">read more</a></p> Chemistry Diamond Manufacturing AFP Tue, 19 Feb 2013 14:16:25 +0000 5759947 at http://www.globalpost.com Brussels airport heist nets $50-mn diamond haul http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamond-haul <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Heavily armed robbers disguised as police made off with $50 million worth of diamonds in a spectacular heist on the tarmac at Brussels airport, prosecutors and diamond dealers said Tuesday.</p> <p>The Monday night robbery at Zaventem airport just before 8:00 pm (1900 GMT) was "one of the biggest" ever, said a spokeswoman for the Antwerp World Diamond Centre (AWDC), the global dealers' syndicate.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130219/brussels-airport-heist-nets-50-mn-diamond-haul" target="_blank">read more</a></p> Chemistry Diamond Matter AFP Tue, 19 Feb 2013 15:31:43 +0000 5760036 at http://www.globalpost.com No takers for 114 carat diamond in DR Congo http://www.globalpost.com/dispatch/news/afp/130220/no-takers-114-carat-diamond-dr-congo <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>A 114.63 carat diamond from the Democratic Republic of Congo failed to find a buyer after its mining company owner set up the auction to cover payroll, a union leader said Wednesday. </p> <p>The outcome prompted some in the industry to wonder whether the large stone had major defects or was not fully crystallised. </p> <p>"The workers are disappointed, they hoped to alleviate their poverty," said Dieudonne Kabamba, a union vice-president at the Miba diamond mining company. </p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130220/no-takers-114-carat-diamond-dr-congo" target="_blank">read more</a></p> Chemistry Diamond Mbuji-Mayi AFP Wed, 20 Feb 2013 16:16:25 +0000 5761208 at http://www.globalpost.com Belgium fears threat to diamond supremacy after massive heist http://www.globalpost.com/dispatch/news/thomson-reuters/130220/belgium-fears-threat-diamond-supremacy-after-massive-heist <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Armed robbers stole $50 mln of jewels</p> <p>* Antwerp traders say airport is weak link</p> <p>* Chance of recovering diamonds small if not found soon</p> <p>BRUSSELS, Feb 20 (Reuters) - Belgian authorities scrambled on Wednesday to fix holes that allowed one of the biggest jewellery heists in history, while dealers said they feared it helped put at risk the country's centuries-old dominance of the diamond trade.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130220/belgium-fears-threat-diamond-supremacy-after-massive-heist" target="_blank">read more</a></p> Chemistry Diamond Europe Human Interest Thomson Reuters Wed, 20 Feb 2013 17:00:42 +0000 5761243 at http://www.globalpost.com [Photo Story] When it comes to diamonds, all roads lead to Antwerp http://www.globalpost.com/dispatch/news/asianet/130406/photo-story-when-it-comes-diamonds-all-roads-lead-antwerp <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Asianet </div> </div> </div> <!--paging_filter--><p></p><P> When 120 boxes of diamonds worth $50 million were stolen from a suitcase that was being loaded onto a Zurich-bound plane leaving from Belgium’s Zaventem Airport on Monday Feb. 18, all eyes turned to the global center for diamonds, Antwerp.</p><P>The city of Antwerp, which was where these stolen diamonds had originated, is a port city with a 550-year tradition of diamond processing, not to mention its own diamond exchange.</p> <p><a href="http://www.globalpost.com/dispatch/news/asianet/130406/photo-story-when-it-comes-diamonds-all-roads-lead-antwerp" target="_blank">read more</a></p> Chemistry Diamond Matter Asianet Sat, 06 Apr 2013 08:01:10 +0000 Asianet 5803255 at http://www.globalpost.com Blue diamond sets record at London sale http://www.globalpost.com/dispatch/news/afp/130424/blue-diamond-sets-record-at-london-sale <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>An extremely rare blue diamond sold for £6.2 million ($9.5 million 7.3 million euros) at a London auction on Wednesday, setting a new world record for price per carat.</p> <p>The fancy deep-blue diamond weighing 5.30 carats sold at Bonhams Fine Jewellery sale in central London for a record $1.8 million per carat, beating the previous record of $1.68 million.</p> <p>The gem, which was bought by international diamond house Graff Diamonds, attracted bids from within the auction room and around the world via 25 telephone lines and smashed pre-auction estimates of £1.5 million.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130424/blue-diamond-sets-record-at-london-sale" target="_blank">read more</a></p> Chemistry Diamond Human Interest Manufacturing AFP Wed, 24 Apr 2013 20:00:43 +0000 5824490 at http://www.globalpost.com Blue diamond goes for a record $9.4 mn in London http://www.globalpost.com/dispatch/news/agencia-efe/130425/blue-diamond-goes-record-94-mn-london <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>London, Apr 25 (EFE).- A rare blue diamond weighing 5.3 carats sold for 6.2 million pounds ($9.4 million) at an auction in London, auction house Bonhams said.</p> <p>"The previous world record price per carat for a blue diamond was $1.68m. This rare gem was bought by Graff Diamonds, the international diamond house headquartered in New Bond Street, London. Bidding came from round the world via 25 telephone lines as well as bidders in the packed saleroom," Bonhams said in a statement.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/130425/blue-diamond-goes-record-94-mn-london" target="_blank">read more</a></p> Chemistry Diamond Matter Agencia EFE Thu, 25 Apr 2013 15:19:17 +0000 5825164 at http://www.globalpost.com