De Beers saw diamond sales shrink in 2001
De Beers saw its profits halved in 2001 as the global economic downturn took its toll on rough diamond sales.The major’s core business is the mining and marketing of rough gem diamonds. Hampered by th…
U.S. Diamond Corp
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
De Beers homes in on diamond retail market
Diamond kingpin De Beers Consolidated Mines (DBRSY-Q) is teaming up with France’s LVMH Moet Hennessy Louis Vuitton to form an independently managed company that will develop and sell De Beers’ branded…
Diamond News Roundup — GMD prepares to drill Royce Group
Drilling is set to begin testing nine targets at the fully owned Royce Group property of GMD Resource (VSE), 60 miles northwest of Yellowknife.GMD has selected its targets on the basis of till samplin…