> Kimberley Process Releases 2007 Statistical Data
Global diamond production decreased by 3.88 percent in 2007, according to recently published statistical data on diamond output, exports and imports in 2007 from the Kimberley Process (KP).
This follows previously released data from 2005 and 2006.

(August 05, 2008)

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> IDEX Online Research: Blue Nile Posts Disappointing Second Quarter
Like most retail jewelers in the U.S. market, Blue Nile, the largest online jeweler, is also posting weak sales results. Total sales were up a mere 2 percent to $73.3 million in the three-month period ended June, while sales in the U.S. market were down 5 percent to $65.6 million.

(August 10, 2008)

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> Anglo American H1 Diamond Profits Up 23% Due to Rising Prices
Anglo American, 45 percent owner of De Beers, reported record half-year underlying earnings of $3.5 billion for the first six months of 2008. Diamonds contributed to this figure an operating profit of $328 million, up 23 percent, principally due to rising diamond prices.

(July 31, 2008)

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>  Forevermark Diamond Grading Laboratories Open
De Beers' marketing company Forevermark announced Monday that it has opened two Forevermark diamond grading laboratories. These labs - in Antwerp, Belgium and Maidenhead, UK - will grade only diamonds which have been exclusively selected by Forevermark.

(July 28, 2008)

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> Richemont Restructuring a Focus on Luxury at the Expense of Tobacco
Compagnie Financière Richemont S.A. announces a restructuring to create a focused luxury goods business and a separately-listed investment vehicle. This includes the distribution of 90 percent of its interest in British American Tobacco p.l.c. (BAT) to its shareholders.

(August 12, 2008)

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> Namibia’s Reduction in Onshore Diamond Mining Worrying, Says NDTC CEO
Namibia Diamond Trading Company (NDTC) CEO Shihaleni Ndjaba told local press that reduction in land-based production has become worrying, as NDTC Sightholders have been complaining for the past few months about the poor composition of stones in terms of size.

(August 07, 2008 )

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> Court Dismisses African Diamonds’ Appeal against De Beers
De Beers said Wednesday that it is pleased with a court decision dismissing African Diamonds’ urgent application against the diamond giant and their joint venture company Boteti Exploration, seeking to prevent the lodging of an application for a retention license in respect to the AK6 diamondiferous area in Botswana.

(July 30, 2008)

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> Petra Rough Sales +359%, Boosted by Koffiefontein and Big Stones
Petra Diamonds Limited reported soaring annual revenues of $76.6 million, a 359 percent increase over the previous year. Diamond production rose 11 percent to 200,287 carats, on the year ended June 30.

(July 28, 2008)

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> SoC Architect Named CEO of De Beers’ Element Six
Bain & Co. partner Cyrus Jilla has been named CEO of Element Six SA. Element Six is De Beers’ synthetic diamonds arm and a joint venture with Umicore SA. Jilla was the main architect of De Beers' Supplier of Choice strategy.

(July 27, 2008)

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