Sanatana finds new Kimberlite
by Jo Black
Sanatana Diamonds Inc. has intersected a new kimberlite, Dharma Uttar (in keeping with Indian, Hindu theme, “Uttar” means north in Hindi), adjacent to, and north of the Dharma kimberlite discovered in 2007.
The current drill hole was collared in kimberlite at a dip of 60 degrees and azimuth of 290 degrees, and is currently drilling at [...]
FUQI International to acquire Temix
by Jo Black
FUQI International, Inc. has entered into definitive agreements for its acquisitions of Shanghai Tian Mei Jewelry Co. Ltd. and Beijing Yinzhong Tian Mei Jewelry Co. Ltd., collectively known as Temix (’Temix’), for 100% ownership of the business. The closing is contingent on a number of items, including obtaining governmental approval.
The purchase price for Temix [...]
IDI to sponsor Jovella Jewelry Exhibition
by Jo Black
For the first time this year, the IDI Group of Companies will sponsor Jovella, the international jewelry exhibition held annually in Tel Aviv, Israel. Jovella 2008, which is also being sponsored by the Israel Ministry of Industry, Trade & Labor’s Administration of Diamonds, Precious Stones & Jewelry, the Israel Jewelry Manufacturers Association and the Israel [...]
Flawless receives orders worth $10M
by Jo Black
Flawless Diamond India Ltd has informed Bombay Stock Exchange (BSE) that the Company has received Two Prestigious Order for its newly launched Designer Jewellery.
First Order received from Diambel N.V., Belgium for its AUM Signature and AUM Star Series of Designer Jewellery worth Rs 192 million ($4.9 million). Second Order received from Malay Impex, Hong [...]
Champagne to inspire jewelry designers
by Jo Black
Rio Tinto Diamonds, the world’s largest supplier of champagne diamonds has released its latest range of champagne diamond promotional materials.
Whilst champagne diamonds are not a new phenomenon, they are gaining considerable cachet with high profile jewelry designers and diamond jewelry retailers around the globe.
The new range of promotional materials is aimed at supporting the retailer, [...]
Rockwell acquires Middle Orange
by Jo Black
Rockwell Diamonds Inc. announces details regarding the completion of the acquisition of the Trans Hex Middle Orange River Operations and Projects, which are located adjacent to Rockwell’s Wouterspan mining operation on the Middle Orange River in the Northern Cape Province of South Africa.
In early 2007, Rockwell and Trans Hex Group Limited (Trans Hex), through its [...]
GIA’s Susan elected as ACCSCT
by Jo Black
The Gemological Institute of America (GIA) today announced that Susan B. Johnson, GIA’s director of Education Administration, has been elected to a full term as a school commissioner for the Accrediting Commission of Career Schools and Colleges of Technology (ACCSCT). Johnson will serve as one of 13 ACCSCT commissioners through June 30, 2012.
Last year, [...]
DIOS: drill turning on Pontax
by Jo Black
A diamond drilling program is actually being undertaken this week on the Pontax project of DIOS EXPLORATION : the drill is finally turning after the diamond drilling rig has been sitting idle on the property since Christmas time, due to the lack of availability of drilling crews and logistic crews.
The campaign is helicopter-borne and [...]
Diagem recovers pink micro diamond
by Jo Black
Diagem Inc. is encouraged to report that one micro-diamond (less than 1mm) with a pink hue was identified at a depth of 63 metres in hole number 14 on Pandrea-02. This is encouraging in that commercial size pink diamonds of significant value have been recovered by artisan miners in the area along with an abundance [...]
Rockwell’s shareholder rights plan
by Jo Black
Rockwell Diamonds Inc. announced today that its Board of Directors has approved the adoption of a Shareholder Rights Plan Agreement (the “Rights Plan”).
The Rights Plan has been adopted to ensure the fair treatment of all Rockwell shareholders in the eventuality of a possible take-over bid for the outstanding common shares of Rockwell. In the event [...]
Tahera Diamond provides update
by Jo Black
Tahera Diamond Corporation intends to satisfy the alternative information guidelines recommended by Ontario Securities Commission (”OSC”) Policy 57-603 and Canadian Securities Administrators Staff Notice 57-301.
The Company requested from the OSC, that a management cease trade order (MCTO) related to the Company’s securities be imposed against some or all persons who have been directors, officers or [...]
Pinnacle South Africa operations
by Jo Black
Pinnacle Resources, Inc. had received an encouraging report from Chris Wilson, operator of the Company’s wholly owned South African subsidiary, Diamonaire.
The Diamonaire crew, utilizing a pair of newly designed Aqua-Tracks, over a four day period in February, uncovered and produced approximately 500 tons of gravel from the ocean floor underlying the surf zone at [...]
New name for Superior Diamonds
by Jo Black
Northern Superior Resources Inc. announces that its Board of Directors, and other regulatory authorities have approved the adoption of Northern Superior Resources Inc. as the new name of the Company, replacing Superior Diamonds Inc. The Company will trade on the TSX.V under its new name beginning on Tuesday, April 15, 2008. The Company’s stock symbol, [...]
Diamondex update Brodeur project
by Jo Black
Diamondex Resources Ltd. provides diamond results from the caustic fusion of 3,068 kg of kimberlite recovered during the core drilling program completed within the Tuwawi, Nanuk and Kuuriaq target areas in 2007 at Diamondex’s Brodeur project in Nunavut.
Twelve inclined and vertically oriented tests totaling 1,336 meters of diamond drilling were undertaken to better define [...]
Dianor’s Quebec diamond discovery
by Jo Black
Dianor Resources Inc., in conjunction with its joint venture partners Metalex Ventures Limited and Wemindji Exploration Inc. announces further diamond results from their new diamond discovery in Quebec. Additional diamonds have been recovered from surface rock samples on the Joint Venture’s Ekomiak V property and on the adjacent Dianor’s 100% owned PEM property in the [...]
Grizzly closes private placement
by Jo Black
Grizzly Diamonds Ltd. has closed a non-brokered private placement offering (Offering) of an aggregate of 971,000 units (Units) at a price of $1.00 per Unit, for gross proceeds of $971,000. Each Unit consisted of one common share of the Corporation (Common Share) and one-half of a non-transferable share purchase warrant (Warrant) and each whole Warrant [...]
HRD’s Mumbai lab link service
by Jo Black
HRD Antwerp NV has notched another milestone in its global expansion, with the inauguration in India of its Lab Link service. Its logistics partner in the venture is Malca-Amit JK Logistics PVT.
The new service will provide members of the Indian diamond sector with direct access to the HRD Antwerp - Diamond Lab, one of the [...]
GIA expands Alumni chapters
by Jo Black
The Gemological Institute of America (GIA) Alumni Association has officially opened twelve new alumni chapters both nationally and internationally so far this year. Approximately 30 other new chapters, also from the U.S. and around the world, are planning to open by the end of 2008.
This sudden increase is due to changes implemented within the [...]
Signet reports year end results
by Jo Black
Signet Group plc, the world’s largest speciality retail jeweler, which operates leading operations in both the US and UK, provides 2007 year end results.
Terry Burman, Group Chief Executive, said that 2007/08 was a very demanding year for the Group, with a particularly difficult fourth quarter. While the US business saw an unprecedented weakening in sales [...]
Harry Winston announces results
by Jo Black
Harry Winston Diamond Corporation reported fourth quarter and annual results for the period ending January 31, 2008. Fourth quarter sales increased 22% to $188.2 million with consolidated earnings from operations of $59.1 million, a 59% increase over the comparable quarter of the prior year. As a result, net earnings grew to $90.4 million or $1.55 [...]