Diamond industry has hope even though the slowdown world over is clobbering businesse. While the effects can be seen temporarily through loss of jobs and orders, India ‘could see a faster turnaround once the economies recover,’ For full story, click here
Spider Resources Inc. along with joint venture partner KWG Resources Inc. announced the completion of a drilling program on their jointly owned Wawa Diamond project. For full story, click here
An independent valuation of samples from the Gahcho Kué joint venture (49% Mountain Province Diamonds and 51% De Beers Canada) revealed that the average price per carat is US$135, an increase of 63% from the estimate made in 2006. For full story, click here
Alrosa will continue to defend current rough diamond prices from downward pressure by holding back sales, and increasing inventories For full story, click here
Sao Luis Mining, Inc. reassures shareholders that the recent decline in the price of the company’s shares is not related to any change in the fundamentals of the company. For full story, click here
The diamond industry has decided to temporarily suspend all import of rough diamonds to limit the impact of the global meltdown on the industry. For full story, click here
Faced with the worst crisis in decades, diamond mining companies have decided to cut production and rough diamond supply to their clients over the next few months. For full story, click here
Firestone Diamonds Plc, the AIM-quoted diamond mining outfit, has said it is rolling-up its sleeves in an attempt to fast-track the developments of mines at BK11, BK 16 – near Orapa. For full story, click here
Diamonds may be for ever, but their high price is not, as recession starts to hit even the richest. For full story, click here
De Beers plans to double its advertising spend in the United States ahead of the Christmas season. For full story, click here
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