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Botswana Diamonds decries dearth of funding for diamond exploration

Botswana Diamonds said there is a “very little” appetite for funding diamond exploration by financiers.

Yesterday

Pallinghurst gets strong backing for Gemfields takeover

Pallinghurst said it received 96 percent support from its shareholders for the Gemfields takeover – making its offer wholly unconditional.

Yesterday

Mountain Province Diamonds Inc. announced the results of its recently completed fifth diamond sale.

The results from the fifth sale are elevated in part from the inclusion of a selection of the fancies and specials won by the Company otherwise scheduled for inclusion in the sixth sale, which will occur in the second half of July.  

Yesterday

Christie’s Sells Rockefeller Emerald For $5.5M, Sets Auction Record Per Carat Price

The top sale at Christie’s New York Magnificent Jewels was the Rockefeller Emerald, sold on behalf of a private American collector to jeweler Harry Winston, for $5,511,500, which set a new world auction record per carat of $305,000.

Yesterday

Birks’ US Stores Drive Growth

Birks Group’s revenue grew in the past fiscal year as the Canadian retailer significantly increased its sales in the US.

Yesterday

Agarwal’s £2bn gambit could put Anglo American into play

20 march 2017
(miningmx.com) - Anil Agarwal’s £2bn investment in Anglo American shares, giving his trust – Volcan Investments – a 13% stake in the UK-listed firm, was an attempt to flush out rival bidders for Anglo’s assets or buy the South African assets identified by CEO, Mark Cutifani, as non-core, said analysts. “From a strategic point of view, some kind of deal could potentially hand Anglo a solution to their problem of perceived ‘over-weighting’ towards South Africa,” said Paul Gait, an analyst for Bernstein. “It could put Agarwal in a prime position to take the South African assets – the African limb he desires for Vedanta – and allow Anglo American to achieve the kind of South Africa exit that it, in turn, desires,” he said.

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