Diamond miner De Beers has announced confirmation to stop diamond exploration activities in Democratic Republic of Congo in order to curtail expenses at a time of low diamond demand. For full story, click here
De Beers, the world’s leading diamond producer reported that it has stopped exploration in Democratic Republic of Congo as the dripping value in gems made the project unviable. Marie-Chantal Kaninda, De Beers’s head of administration in Congo, stated: The DRC remains highly prospective, but we cannot ignore the current global economic crisis. For full story, [...]
De Beers Group declared that it was going to keep Namaqualand Mines open, though at a reduced level, and would try to sell it when market conditions improved. For full story, click here
The global financial meltdown, which has badly hit the diamond industry, has led to Trans Hex terminating talks to acquire assets owned by De Beers Consolidated Mines. For full story, click here
Rough diamond prices may recover by Christmas 2010 after big players reduced output in response to a sharp drop in demand, the world’s top diamond producer, De Beers, said. For full story, click here
Christmas sales of diamond jewellery have been disappointing, says Royal Bank of Canada Europe diamond analyst Des Kilalea. For full story, click here
De Beers, the world’s largest diamond producer, had sales of $6.2 billion. For full story, click here
Mining Weekly reports that the Namibian diamond producer, Namdeb, and De Beers Marine Namibia have announced that they will immediately reduce diamond production for the remainder of this year and early 2009. For full story, click here
Namibian diamond producer, Namdeb, and De Beers Marine Namibia have announced that they will immediately reduce diamond production for the remainder of this year and early 2009. For full story, click here
De Beers plans to double its advertising spend in the United States ahead of the Christmas season. For full story, click here
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