UMC inc., Global Mining corp., and Global Mrketing Liberia inc., the subsidiaries of Estmor Service Transiit OÜ, purchased a permit from Liberian government to start two diamond and gold mines last spring. For full story, click here
Read the full article: "Estmor Service Transiit to mine diamonds in..."
Friday, February 27, 2009
The current recession in their key markets, the US and Japan, has forced several mid- and large-sized diamond exporters in India to look beyond precious stones to equity trading. For full story, click here
Read the full article: "Diamond exporters take to equities in India"
Thursday, February 26, 2009
In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
Read the full article: "Emotions play into diamond market"
Thursday, February 26, 2009
De Beers Canada has laid off 128 Snap Lake diamond mine workers and terminated outside contracts that affect 90 other workers as it reduces production to meet the forecast decline in rough-diamond sales. For more information, click here
Read the full article: "Layoffs at NWT mine"
Thursday, February 26, 2009
A team of Reserve Bank of India (RBI) officials interacted with diamond merchants in Surat to assess their trade potential and provide them a solution to overcome their present plight of reeling under global meltdown. For full story, click here
Read the full article: "RBI officials meet diamond merchants in..."
Tuesday, February 24, 2009
Task Force constituted by Reserve Bank of India may propose finance against diamond mortgage to ease liquidity issues in the diamond industry. For full story, click here
Read the full article: "Finance against diamond mortgage"
Tuesday, February 24, 2009
Sierra Leone’s war crimes tribunal is set to hand down a verdict Wednesday against three rebel RUF leaders accused of committing atrocities during the 1991-2001 civil war. For more information, click here
Read the full article: "‘Blood diamond’ rebels face..."
Monday, February 23, 2009
De Beers is to borrow $500 million from Anglo American and other shareholders as the global financial crisis cuts demand for the diamonds. For more information, click here
Read the full article: "De Beers to Borrow $500 Million from Anglo,..."
Monday, February 23, 2009
Petra Diamonds Ltd announced on Monday it is not planning any major production cuts in response to due to decline in demand and prices of gems. For more information, click here
Read the full article: "Petra Diamonds not planning for major..."
Sunday, February 22, 2009
Things have not changed much in terms of illegal mining in Zimbabwe as large volumes of Zimbabwe diamonds are being smuggled to other countries. For full story, click here
Read the full article: "No end to illegal mining in Zimbabwe"
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Friday, February 27, 2009