(From Israel Business Arena)
Byline: Hadas Manor
Aber Diamonds Corp. (Nasdaq:ABER; TSX:ABZ) will increase sales of rough diamonds to Israeli diamond merchants, and increase purchases of polished diamonds, company executives said during a visit to the Israel Diamond Exchange in Ramat Gan.
Aber Diamonds owns 40% of Diavik Diamond Mines Inc. in Canada's Northwest Territories in partnership with Rio Tinto (NYSE:RTP; LSE; ASX:RIO). The Diavik mines began producing last year, and will produce eight million carats this year. Aber Diamonds and Rio Tinto invested $1.1 billion in developing automated mining techniques.
Aber Diamonds also owns 51% of …