The multi-crore Surat diamond industry, which had laid off thousands of workers in recent months to cope with the downturn, is now facing an acute shortage of skilled manpower. And that too at a time when demand for diamond jewellery is reviving. For full story, click here
BHP Billiton declared that production surged 5 percent to 903,000 carats in the fourth fiscal quarter ending June 30, 2009. For full story, click here
South Africa-based Trans Hex declared that it generated sales of $16.6 million at its July rough diamond tender. The diamond mining company achieved an average price of $973 per carat from the 17,075 carats of diamonds presented at the tender. For full story, click here
Last week, Milanese authorities found Leonardo Notarbartolo, the man accused of masterminding the world, in possession of approximately 2.2 pounds of rough, uncut diamonds. For full story, click here
BL declared that the proposal for a container terminal at Diamond Harbor under the Kolkata Dock System of the Kolkata Port Trust has run into rough weather with the defense ministry dipping to part with the 43 acres it owns and needed for the project. For full story, click here
The International Diamond Board was established over the weekend to improve the public relations effort and generic marketing campaign for the diamond industry. For full story, click here
The Union Ministry of Labour and Employment is carrying out a detailed survey of the diamond industry to assess the level of recovery. A five-member team from the ministry visited the diamond units across the city, which have claimed to be plodding their way back to recovery from recession. For full story, click here
Mining Weekly has quoted an announcement by diamond mining giant De Beers on Friday that the National Union of Mineworkers and diamond giant De Beers Consolidated Mines Limited have reached a wage agreement. For full story, click here
Antwerp’s imports and exports of both rough and polished diamonds into and from Antwerp were lower in June as compared to the same month a year earlier. For full story, click here
Diamond Trading Co Botswana, the sales arm of global diamond major De Beers, has appointed an Indian diamond producer as its sightholder to ensure the sustainability of its diamond manufacturing capacity in the African country. For full story, click here
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