Angola has cancelled a diamond conference on ways to raise output and improve the image of diamond producers due to the impact the global financial crisis is having on diamond prices, the government said. For full story, click here
Read the full article: "Angola cancels world diamond summit as..."
Friday, January 30, 2009
Christmas sales of diamond jewellery have been disappointing, says Royal Bank of Canada Europe diamond analyst Des Kilalea. For full story, click here
Read the full article: "Petra Diamonds digs in at Cullinan, De Beers..."
Thursday, January 29, 2009
Local jewellers reacted with cautious optimism to predictions that the global economic crisis was set to take the glitter out of the jewellery business this year. Ian Furman of Jewellery Replacement Consultants said: Jewellery sales are down despite the fact that gem prices are dropping. For full story, click here
Read the full article: "Jewellery sector loses its glitter"
Thursday, January 29, 2009
Mexivada has been given clearance to mine diamonds in Sierra Leone by the Gbense Chiefdom of the Kono diamond-mining district. For full story, click here
Read the full article: "Mexivada to mine diamonds in Sierra..."
Tuesday, January 27, 2009
Diamond prices in a November tender were half the level achieved earlier in 2008, the company said. For full story, click here
Read the full article: "Diamond prices in a November tender were..."
Tuesday, January 27, 2009
DiamondCorp Plc, which is based in London, said it stopped processing mining waste because extracting gems that way isn’t profitable. For full story, click here
Read the full article: "DiamondCorp Plc said it stopped processing..."
Tuesday, January 27, 2009
De Beers, the world’s largest diamond producer, had sales of $6.2 billion. For full story, click here
Read the full article: "De Beers had sales of $6.2 billion"
Tuesday, January 27, 2009
ZAO Alrosa, the world’s second- largest diamond producer, halted sales of gems to customers except for the state stockpile since late December after demand evaporated because of the deepening economic slowdown. For full story, click here
Read the full article: "Russia’s Alrosa Stops Diamond Sales to..."
Monday, January 26, 2009
The Botswana government has no plans to lend money to its bleeding diamond, mining industry amid the effects of the financial crisis, Mmegi Online reported. For full story, click here
Read the full article: "No Bailout for Botswana Diamond Mines"
Monday, January 26, 2009
India’s Gems and Jewellery (GJ) industry led predominantly by processing and gold consumption is losing lustre due to ongoing economic meltdown, according to a report. For full story, click here
Read the full article: "Gold & Diamond mining is virtually nil..."
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Friday, January 30, 2009