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UPDATE 1-Robbers pull off huge diamond heist at Brussels airport

February 19, 2013 09:00
* Diamonds taken at machinegun-point * Masked robbers dressed as police (Adds details on value, prosecutor's comments) 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.

Brussels airport heist nets $50 mn in diamonds

February 19, 2013 08:00
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. 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.

De Beers sees glimmer of hope for hard-pressed diamond market

February 15, 2013 07:52
* China, India leading modest demand recovery for diamond jewellery * Rough diamond prices drop 12 pct in 2012 * 2012 sales fell 16 pct, core earnings slid 39 pct By Brenton Cordeiro 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.

De Beers invests in new South African diamond mine

February 14, 2013 21:47
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. The underground mine is beneath the currently operating open pit Venetia Mine in northern Limpopo Province. "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.

UPDATE 1-Petra Diamonds cuts full-year production forecast

January 29, 2013 05:31
(Adds CEO, analyst comments, updates share movement) 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. 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.

Zimbabwe to double Marange diamond output-paper

January 29, 2013 05:31
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. 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.

Petra Diamonds cuts full-year production forecast

January 29, 2013 05:15
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. 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.
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