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Diamonds & gemstones
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Gemfields given a boost by Canaccord after Jaipur auction
The recent successful emerald auction by Gemfields ( LON:GEM ) prompted Canaccord, the company’s broker, to raise its valuation of the stock by a penny to 25 pence a share this morning.
Botswana Diamonds gets exploration licence in Cameroon
The new licence covers an 8,087 square kilometre area in the eastern part of Cameroon. The company has an 85 percent stake in the project, alongside local partners.
Gemfields reports successful emerald and beryl auction in Jaipur
Gemfields said it is “very pleased” with the outcome of the auction of predominantly lower quality rough emerald and beryl held in Jaipur, India, from March 10-14 2011. Compared with the lower quality auction held in March 2010,
Stellar Diamonds reports encouraging grades from initial sampling of Bouro kimberlite, brokers upbeat
The diamonds recovered will be exported to Antwerp for valuation and sale in order to establish the preliminary diamond value for the kimberlite
Stellar Diamonds fundraising and prospects ‘encouraging’ – Northland Capital
In its ‘Morning Report’, the UK broker said the successful completion of this financing provides Stellar with the means to fast track its highly promising kimberlite assets. The cash also provides some much needed breathing spac
Stellar Diamonds raising £6.2 mln to fund development programme
Stellar Diamonds this morning revealed it is raising £6.2 million from investors which will be used to develop the company’s kimberlite portfolio and for general working capital. A total of 77.5 million shares, the e
Diamonds are forever but the rally might not be; time to look beyond the price?
Investors may need to look more closely at growth prospects at a company level rather than relying on the momentum of the sparkling diamond price rally. City firm Panmure Gordon reckons diamond prices are due a pause, so it's time to
Stellar Diamonds: Focused on unlocking high value kimberlite potential in Sierra Leone and Guinea
The AIM-listed diamond company emphasised that it is focused on exploring the Tongo and Droujba kimberlites in this morning's interims. Stellar plans to raise more money to unlock the potential within these projects, while diamond pr