Tahera 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 has completed processing at the Jericho Mine. The processing plant and mine infrastructure are now being prepared for a period of care and maintenance. It is expected that this [...]
Diavik’s first quarter update
by Jo Black
Diavik Diamond Mines Inc. (DDMI), operator of the Diavik Diamond Mine, provides the first quarter update.
Diavik continued to build on its strong safety record with zero lost time injuries, two medical treatments and an all injury frequency rate of 0.37 during the first quarter of 2008.
Diamond production from the A154 South pipe was 1.8 [...]
Dianor updates Leadbetter project
by Jo Black
Dianor Resources Inc. provides update on the continuing advancement of the Leadbetter Diamond Project towards bulk sampling. As part of the permitting and approvals process under the Ontario Mining Act for Advanced Exploration projects, a team of consultants including experts in the environmental, mining engineering and mineral processing fields have over the past 12 months [...]
Signet’s like for like sales
by Jo Black
Signet Group plc, the world’s largest speciality retail jeweller, today announced its sales performance for the 13 weeks to 3 May 2008.
Group like for like sales declined by 2.5% in the first quarter. Total sales were up by 1.0% on a reported basis to $822.3 million (13 weeks to 5 May 2007: $814.4 million) [...]
Kohl’s reports April store sales
by Jo Black
Kohl’s Corporation reported today that sales for the four-week period ended May 3, 2008 increased 12.0 percent over the four-week period ended May 5, 2007. On a comparable store basis, sales increased 3.5 percent.
For the combined March/April period, total sales increased 0.4 percent and comparable store sales decreased 7.7 percent. For the quarter ended May [...]
Finlay reports 1Q sales
by Jo Black
Finlay Enterprises, Inc., a leading retailer of fine jewelry operating luxury stand-alone specialty jewelry stores and licensed fine jewelry departments in department stores throughout the United States, announced today its first quarter sales results for the period ended May 3, 2008.
Sales for the first quarter increased 26.0% to $205.3 million compared to $162.9 million in [...]
Blue Nile’s 1Q 2008 financial results
by Jo Black
Blue Nile, Inc. reported financial results for its first quarter ended March 30, 2008.
The company posted net sales of $70.5 million, up from $67.9 million in the first quarter of 2007. Operating income for the quarter totaled $3.0 million. Net income totaled $2.6 million, or $0.16 per diluted share.
Net cash provided by operating activities totaled [...]
Grizzly Diamond provides results
by Jo Black
Grizzly Diamonds Ltd. provides final analytical results for 56 microdiamonds recovered from samples collected from the recently discovered Kimberlites BE-01 and BE02, both of which were discovered by Grizzly in February on the Smoky The Bear Property.
A total of 37 separate samples of NQ2 size drill core from Kimberlite BE-01 weighed 265.35 kg from the [...]
DFI appoints new CFO
by Jo Black
Diamond Fields International Ltd. announces that Gooroodeo (Mahen) Sookun has been appointed as Chief Financial Officer of the Company, succeeding Waldo Pienaar, who has resigned effective April 30, 2008, to pursue other business interests.
Mr. Sookun, a director of the Company since May 2007, is a fellow of the Association of Chartered Certified Accountants, U.K., and [...]
Blue Nile appoints CFO
by Jo Black
Blue Nile, Inc. announced that Marc Stolzman will join the Company as Chief Financial Officer effective June 9, 2008. Stolzman brings twenty years of extensive financial and retail experience to his new role and will be a key member of the management team. As CFO, Stolzman will be responsible for all aspects of Blue Nile’s [...]
DFI hits record diamond sales prices
by Jo Black
Diamond Fields International Ltd. announces that its most recent diamond sales conducted through Diamond Tenders, Belgium, DFI’s partially-owned diamond marketing company in Antwerp, Belgium, achieved record prices.
The Company sold 1,958.19 carats at an average price of $258.36 USD per carat, a 21% increase over last year’s average sale price of $213 USD per carat. [...]
GIA’s historical jewelry collection
by Jo Black
The Gemological Institute of America (GIA) Museum is launching a significant new campaign to build the “GIA Historical Collection,” a comprehensive assemblage of jewelry, object d’arts and gemstones from all time periods and cultures world-wide.
Elise Misiorowski, GIA Museum director said, we intend to create a wide-ranging, world-class collection that captures the essence of each period [...]
Catoca held shareholders meeting
by Jo Black
Recently, a general meeting of founding shareholders of Catoca Ltd, a joint diamond mining venture in Angola, was held in St. Petersburg.
The meeting was attended by President of ALROSA Sergey Vybornov, representative of one of Catoca’s founding shareholders.
The other shareholders, Angola’s National Diamond Mining Company ENDIAMA represented by its President Manuel Arnaldo de Sousa Calado, [...]
Lonrho identifies Kimberlites in Angola
by Jo Black
Australian based diamond exploration and development company Lonrho Mining Limited announced the identification of 217 magnetic anomalies from a helicopter borne aeromagnetic and radiometric survey conducted at the Lulo Diamond Concession in Angola.
The data from the survey has been processed by Fugro Airborne Surveys (Pty) Ltd and analysed by Lonrho’s independent geophysical consultant Mr E [...]
BRC DiamondCore’s corporate update
by Jo Black
BRC DiamondCore Ltd. provide the following corporate update.
Highlights include:
The Company has filed a business acquisition report (BAR) relating to the acquisition by the Company of Diamond Core Resources Limited (Diamond Core), as required by applicable Canadian securities laws. The pro forma consolidated financial statements included in the BAR illustrate the improvement in the Company’s balance [...]
Rex approve sale of subsidiaries
by Jo Black
Rex Diamond Mining Corporation announces that the shareholders approved the sale of Rex Mining Company NV (Rex NV) and Rex Diamonds NV, its Belgian entities, to Serge Muller, an officer, director and shareholder of the Corporation at the annual and special meeting of shareholders on April 30, 2008.
The shares of Rex NV and Rex [...]
LOVE & PRIDE commitment ceremony event
by Jo Black
On June 4, 2008, “Grey’s Anatomy” star T.R. Knight will join the Matthew Shepard Foundation to help kick off National Gay-Pride month with a symbolic dusk commitment ceremony at the famed West Hollywood hotspot, The Abbey.
At 8pm, couples from around the nation will “tie the knot” in an event officiated by the Mayor of West [...]
Zale changes auditors
by Jo Black
Zale Corporation, a leading specialty retailer of fine jewelry in North America, has engaged Ernst & Young to serve as the Company’s independent public accountants for the fiscal year ending July 31, 2008. Ernst & Young will replace KPMG.
The Company and KPMG did not have any disagreement on any matter of accounting principles or [...]
Hudson’s 2008 exploration program
by Jo Black
Hudson Resources Inc. provides the following update to its 2008 Greenland exploration program. Hudson has started the mobilization of field crews to Greenland to commence an aggressive 2008 program on our Greenland exploration licenses with the following key objectives:
- Improved recovery and liberation of diamonds via modifications to the crushing process for the on-site Dense [...]
Diagem recovers a 6.2 carat diamond
by Jo Black
Diagem Inc. reports the recovery of a 6.23 carat gem-quality diamond during bulk sampling at its Chapadão Diamond Project in Mato Grosso, Brazil. The initial 68.7 cubic metre sample yielded a total of 102 commercial-size diamonds (i.e. > than 1.7mm) weighing in total 24.5 carats for a grade of 0.36 carats per cubic metre.
The [...]