The Botswana Govt. will create a parallel trading platform alongside its current diamond marketing arrangement with De Beers, head of the Botswana Diamond Hub Dr Tombale. For full story, click here
Continue reading "Botswana Govt. has signed Parallel Diamond Trading Channel"
Tuesday, June 9, 2009
De Beers, the producer of 40 percent of the world’s diamonds, declared demand for rough, or uncut, gems is picking up. For full story, click here
Continue reading "De Beers declared demand for rough diamonds"
Friday, June 5, 2009
Diamond inventories have slipped to levels justifying a ramp-up of output with signs that the key Christmas sales season will be better this year than last, according to the head of De Beers, the world’s leading diamond group. For full story, click here
Continue reading "De Beers have ramped up on diamond output"
Tuesday, June 2, 2009
De Beers Canada, the Canadian subsidiary of diamond mining giant, declared in a statement that during 2008, it has spent $295.9 million developing the Snap Lake diamond mine, bringing its total investment in the mine to $1.235 billion. De Beers Canada Chief Operating Officer Chantal Lavoie stated: In 2008 we finished construction and commissioning of [...]
Tuesday, May 5, 2009
Diamond Trading Company, a distribution arm of world’s leading diamond producer De Beers, feels that some types of diamonds may be in short supply by the end of the year because of drastic production cuts. For full story, click here
Continue reading "Diamond Industry still not out of woods"
Monday, May 4, 2009
While the Indian diamond industry is hoping that demand for polished stones will improve in the coming months, the biggest diamond cutting and polishing hub of Surat is likely to face an acute shortage of roughs. For full story, click here
Continue reading "De Beers’ output will cut to create crunch in rough diamonds"
Friday, May 1, 2009
De Beers, the world’s leading diamond miner, which is 45pc-owned by Anglo American, closed most of its mines but the company did guide for an uptick in output in the second quarter as the Debswana mine in Botswana, which accounts for two-thirds of De Beers production, reopened in April. For full story, click here
Continue reading "Diamonds loose their lustre as Anglo American cuts output by 90%"
Thursday, April 30, 2009
According to Anglo American Plc., De Beers, the world’s leading diamond producer, slashed first-quarter output by 91 percent, as the world economic slump cut demand for luxury goods. For full story, click here
Continue reading "De Beers diamond output slipped 91%"
Tuesday, April 14, 2009
De Beers, the world’s leading diamond producer, reported that its sales are rising steadily after demand for the diamonds plunged last year. For full story, click here
Continue reading "De Beers declared rise in diamond sales"
Thursday, April 9, 2009
De Beers, the world’s leading diamond producer announced that it will become profitable in 2009 even if turnover halves. Finance Director Stuart Brown reported: Trading conditions are tough. For full story, click here
Continue reading "De Beers announced profit despite downturn"
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Thursday, June 11, 2009