2008-03-05

News 05.03.2008

05.03.2008


ALROSA to Develop Active Strategy for S.E. Asia


Russian diamond mining company ALROSA will develop an active strategy for the markets of East and Southeast Asia, ALROSA vice-president Sergei Ulin told Itar-Tass on Tuesday prior to the opening of the 2008 Hong Kong International Jewellery Show


05.03.2008


Rockwell's Feb. Sale Tops $4M

Rockwell Diamonds Inc. completed its second sale of 2008 on February 28, and proceeds amounted to $4.52 million.
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De Beers had meeting with President of Namibia


The Chief Executive Officer of the De Beers Group, Gareth Penny on the meeting with President Hifikepunye Pohamba said that, De Beers Group is working towards exploring new growth markets around the world in an effort to deal with uncertainty over market conditions originating from a poor economic outlook for this year.




UAE Polished Diamond Trade +88% in 2007


The United Arab Emirates (UAE) polished diamond trade (imports plus exports) grew 88 % to $6.41 billion, boosted by soaring business with India.







04.03.2008


Pangea Nets $611K at First Dimbi Project Tender


Pangea Diamondfields sold 3,671 carats for $611,001 at its first tender of diamonds mined at the Dimbi project in the Central African Republic (CAR.)









03.03.2008


Great Western Shareholders Okay Vaaldiam Takeover

Vaaldiam is cleared to purchase the remaining shares of Great Western Diamonds.







03.03.2008


South Africa's State Diamond Trader Officially Launched

The official launch of South Africa's State Diamond Trader (SDT) kicks off the country's effort to encourage beneficiation of its locally produced diamonds for emerging cutters and polishers.