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Diamond Market Update from Diamond Investment News

At its annual meeting, the Kimberley Process failed to update the definition of conflict diamonds.

Diamond Market Update (December 6, 2012)

A brief overview of diamond price developments, supply and demand and significant market movers.

Kivalliq Energy: High-grade U3O8 intercepts; Growing Resource; District-Scale Potential

With the discovery of the Nine Iron trend plus the intersection of high grade uranium in the J4 Zone within the Lac 50 trend, Kivalliq Energy (TSXV:KIV) continues to demonstrate that its 100%-owned Angilak property in Nunavut has district-scale uranium potential.

Company News
Lucara Diamond Corp. Announces 2013 Operational Guidelines

Lucara Diamond Corp. (TSX:LUC) announced that its board has decided upon its key operational guidelines for 2013. The Company is hoping to increase sales by 75% over 2013.

Pilot Gold Announces 193 g/t Gold Over 12.0 Metres At TV Tower

Pilot Gold Inc. (TSX:PLG) is very pleased to report that assay results from eight new diamond drill holes from the 2012 program at the TV Tower project in Turkey continue to return long intervals of gold, silver and copper mineralization with areas of exceptionally high grades.

Afri-Can Marine Minerals Commences Sampling Program at EPL 3403 Concession

Afri-Can Marine Minerals Corporation (TSXV:AFA) announced that it has commenced a sampling program at its EPL 3403 concession off the coast of Namibia. A minimum of 250 samples will be collected as part of the program.

Diamcor Mining Sells 3,579.58 Carats of Rough Diamonds from Its Krone-Endora at Venetia Project

Diamcor Mining (TSXV:DMI) announced the initial tender and sale of 3,579.58 carats of rough diamonds from the Company’s Krone-Endora at Venetia Project for total gross proceeds of $510,829, or $142.71 per carat on average. The initial rough diamonds sold were recovered in conjunction with the previously announced ongoing testing and commissioning exercises underway.

Lucara Completes Karowe Diamond Sale for Gross Proceeds of $17.14 Million

Lucara Diamond Corp. (TSX:LUC) announced the sale of its recently discovered blue diamond for $4.5 million. The Company reported on the sale of 52 lots at its Karowe diamond sale. The final sale of Karowe diamonds will take place in December 2012.


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