Most people can name the top 5 diamond producing countries in the world. Russia…check. Australia…absolutely-check. A trio of African countries Botswana, the Democratic Republic of Congo and South Africa…check, check and check. 216 more words
Tags » Diavik Mine
Fresh off reporting better-than-expected fourth quarter results, Harry Winston Diamond Corp. has gotten a ratings boost from Desjardins Capital Markets.
John Hughes, analyst with Desjardins, raised Harry Winston to hold from sell after the diamond producer and retailer posted earnings of US19¢ a share, compared with consensus of US18¢ and Mr. 278 more words
A stock market flotation is likely to top the list of options when Rio Tinto reviews the future of its diamond business, as a shortage of heavyweight buyers prompts the miner to turn instead to funds betting on Asia’s appetite for luxury. 1,005 more words
By Sonali Paul and James Regan
MELBOURNE/SYDNEY – Rio Tinto, the world’s third-largest miner, effectively invited bids on Tuesday for its diamonds business, on its books at US$1.2-billion, and joined rival BHP Billiton in backing away from a business that has lost its sparkle. 472 more words