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De Beers finds out that diamonds aren't forever The firm once synonymous with the gem trade has seen profits crash 99% as consumers recoil from luxury purchases Model Iman wearing a De Beers diamond necklace. Photograph: Reuters The diamond industry...
Tags: des beers, rough diamond, De Beers Consolidated Mines, diamond industry, Botswana, Gaborone, Cartels, De Beers, Sightholder, Argyle diamond mine, Blood diamonds, Business Finance, Kimberley, Diamond, Diamonds as an investment
The rights issue is designed to help reduce the company's debts, which currently total $3.5bn. The move comes at the end of a bad year for De Beers, which saw first-half profits fall by 99% as a result of a collapse in the price of diamonds. Shareholders...
Tags: rights issue, De Beers, Botswana, Gaborone, Cartels, Anglo American PLC, Business Finance, Kimberley, South Africa, Diamond, New Zealand Exchange, Stock market crashes, Blood diamonds, Beers, Diamonds as an investment
The Rapaport Group and its Rapnet diamond trading network also called on other major diamond manufacturing and trading bodies to do the same. Rights activists say troops killed 200 people at the Marange field last year. Zimbabwe's government has denied...
Tags: Zimbabwe, Harare, Child labour in the diamond industry, Marange diamond fields, De Beers, Kimberley Process Certification Scheme, Blood diamonds, Diamond, Martin Rapaport
Mines Minister Obert Mpofu told state-run media Zimbabwe had complied with 90% of demands made by trade watchdog the Kimberley Process group this month. Activists had wanted the group to suspend Zimbabwe, saying troops had killed 200 people at the Marange...
Tags: Zimbabwe, Kimberley Process, marange field, Marange, diamond field, Harare, Obert Mpofu, Kimberley Process Certification Scheme, Robert Mugabe, Marange diamond fields, Chiadzwa, War Conflict, Politics, Diamond, Blood diamonds
The army presence at poorly secured diamond fields in Marange last year was amid efforts to seal off the dangerous areas and clamp down on illegal mining that led to accidents and deaths...Instead, the group agreed earlier this month to allow Zimbabwe...
Tags: diamond fields, Zimbabwean, rights abuses, Zimbabwe, Harare, Obert Mpofu, Chiadzwa, The Herald, Kimberley, Politics, Diamond, Blood diamonds, Kimberley Process Certification Scheme
His companion, a Malian, turns to me on this terrace in central Mozambique. "You want?" he whispers...You know you are in diamond country when you reach the border. "You want diamonds?" asks the official checking the serial numbers on our car engine....
Tags: Zimbabwean, Mozambique, Vila de Manica, Zimbabwe, Mutare, Obert Mpofu, Manica Mozambique, Diamond, Blood diamonds, Kimberley Process Certification Scheme
Currency trader Beau Diamond tried for a second time on Tuesday to get out on bail while his lawyer continues to try to negotiate a plea agreement to settle charges that he defrauded roughly 200 investors out of millions. External Links: Click to enlarge...
Tags: Beau Diamond, Harvey Diamond, Mr. Albritton, Brian Albritton, Diamond Ventures, Pinellas County Jail, Mr. Diamond, Lori Palmieri, Henry Diamond, Sarasota, Tampa, Pseudoscience, Blood diamonds, Bail, Diamond, Diets, Fit for Life, Naturopathic medicine, Law Crime
An Israeli is set to take on the chairmanship of the Kimberley Process, which combats trade in illegal "blood diamonds." In a conference held in Namibia over the weekend, Boaz Hirsch, chief of the international operations division in the Industry, Trade...
Tags: blood diamonds
The Bonicci website provides a trusted source focusing on conflict free loose Diamonds sold direct to the public, and appeals to socially and environmentally conscious individuals who desire a conflict free Canadian diamonds for Engagement or Investment...
Tags: Diamonds, Diamond, Bonicci, conflict free, Kimberley Process, blood diamonds, luxury, Engagement, Investment