India’s new proposed budget was met with mixed reactions by the local diamond and jewelry industry. The budget, as per Finance Minister Pranab Mukherjee, aims to generate a 9 percent growth rate, partially by dramatically surging government spending. For full story, click here
Monday, June 8, 2009
Russia’s State Precious Metals and Gemstones Repository has earmarked $467.23 million to purchase diamonds from producers in 2009, according to Interfax. For full story, click here
Continue reading "Gokhran nearly quadruples diamond purchasing budget"
Wednesday, June 3, 2009
Botswana, the world’s leading diamond producer, secured a $1.5 billion loan from the African Development Bank, the largest-ever budget support given by the bank, following a dip in exports. Donald Kaberuka, president of the African Development Bank, stated: The case of Botswana illustrates the impact that the financial crisis is having on even the best-managed [...]
Continue reading "Botswana has got $1.5 mln loan as diamonds dipped"
Tuesday, April 7, 2009
VIPR Industries Inc. declared that it has received and is reviewing a budget towards the commencement of mining operations on the Mwamagunguli Diamond Mine, which the company presently has an ownership interest in. For full story, click here
Continue reading "VIPR received budget to start diamond mining operations"
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Thursday, July 9, 2009