September 21:  London-based BDI Mining Corp. announced that it is expanding operations at its Cempaka alluvial diamond mine in Indonesia. This expansion will produce up to 100,000 carats of rough stones a year.
 
-         [AFNS] LONDON, UNITED KINGDOM 26-09-06

Jonathan Oppenheimer, a director of De Beers announced that De Beers will launch a $2 million project to improve the lives of the alluvial (or “informal”) diamond miners in Tanzania.

“De Beers does not have a business interest in informal mining, but we cannot sit idly by and watch millions of African miners and their families suffer.” says Openheimer.

-  [AFNS] NEW YORK, USA 26-09-06  

For more information click here to read the full article at HDR Antwerp Facets Online. 

DeBeers estimates that after a healthy first half of the year, demand for diamond jewelry will finish the year 3-4% higher than in 2005 stating;

“We do, however believe that growth in terms of consumer demand should remain at least the sort of levels it is now, if not a little higher in the second half of the year.”

- Sourced from Canaccord Capital and RBC Capital Markets

De Beers estimates that after a healthy first half of the year, demand for diamond jewelry will finish the year 3-4% higher than in 2005 stating –

“We do, however believe that growth in terms of consumer demand should remain at least the sort of levels it is now, if not a little higher in the second half of the year.”

Discovery Group is hosting its second seminar of the Educational Series meant to simplify the technical aspects of Mineral Exploration, which will give you the tools to read news releases, understand maps and fully evaluate what’s happening in this exciting sector. (more…)