South Africa’s Diamond Industry hit hard by Bad Economic Environment
The diamond industry has been severely hit by the difficult global economic environment, the world’s leading diamond producer De Beers. For full story, click here
Archive for July, 2009
Nambia hit hard by slip in diamond exports
Namibia, a country which depends heavily on its mineral and diamond exports, will be hit hard this year due to a slip in the country’s diamond exports. For full story, click here
Assembly Pkg. 40% of registered diamond units have closed down
The state government on Wednesday admitted that over 40 per cent of the registered diamond units in Gujarat have closed down due to recession. It declared that the diamond industry was facing a downslide and over 58 per cent of workers in these units have also lost their jobs in the last three years. For [...]
IDB has helped to Create Demand for Diamond Worldwide
The Gems and Jewellery Export Promotion Council, apex body of Indian diamond industry, has welcomed the setting up of International Diamond Board to create and sustain strong consumer demand for diamonds worldwide through effective category marketing. For full story, click here
Lucara Diamond declared Diamond Value for Mothane Project
Lucara Diamond Corp. declared diamond valuation results for the full diamond parcel recovered from the 100,000 tonne bulk sample recently completed on the Mothae project in Lesotho. For full story, click here
Big Red Diamond declared the acquisition of Fredrike Property
Big Red Diamond Corporation declared the acquisition of 36 claims covering an area of approximately 2,014 hectares, namely within the Le Tac, Le Sueur and Margry townships, known as the “Frederike” property. For full story, click here
De Beers will surge roughs’ prices again
De Beers, which accounts for 40 per cent of the world’s supply of rough diamonds, is likely to surge prices again next month. The company is also lining up a promotional effort ahead of the Christmas season, traditionally a buying time for diamond purchases. For full story, click here
Diamond Giant Alrosa has planned $2 bln in Diamond Sales in 2009
Diamond Giant Alrosa intends to sell $2 billion worth of diamonds in 2009, as per the new president of Russia’s biggest diamond producer, Fyodor Andryev. For full story, click here
Diamond Mining at Panna is likely to resume before Aug 15
The country’s leading iron ore producer, NMDC, is likely to restart mining operations at the Panna diamond reserves in Madhya Pradesh by August 15 and is currently undertaking trial runs at the site. For full story, click here
De Beers in 99% Loss as Diamonds Lose Their Glitter
The world’s leading diamond producer, De Beers, has reported a 99-percent dip in net profits for the first half of 2009 to just $3 million after demand for luxury goods was hard hit by the international recession. For full story, click here
