Shear Diamonds Ltd. announced that it has suspended production of its high grade stockpiles at the 100% owned Jericho diamond mine as a result of continuing weak world diamond prices. During this interim phase and until prices improve, the company will look at exploration assets proximal to the Jericho site such as its Carat and Muskox properties, coupled with further definition of its in situ diamond resource at Jericho that will include diamond results from the company's in pit drilling. Having successfully recovered a significant number of carats from the high grade concentrate stockpiles and having successfully re-established continuing around-the-clock production at Jericho over the last months, the company has demonstrated that a significant number of diamonds went unrecovered during Jericho's previous operations.