Marange Diamond Miner Increases Wages
Reuters reported a Chinese-based diamond miner in the Marange region has promised to increase wages in efforts to end a strike.
Reuters reported a Chinese-based diamond miner in the Marange region has promised to increase wages in efforts to end a strike.
Bloomberg reported an expected increased demand for diamonds from China will keep miners in Angola in business in 2012.
Reuters reported Bain & Company said diamond demand will grow by an estimated 6% over the next ten years fueled by markets in China and India.
Bloomberg reports Rapaport Group will start a fund for investors looking to bet on diamonds in India and China.
Bloomberg reports SF Diamond Co.(SHE:300179) gained the most since its trading debut in Shenzhen.
News Day reports that since the discovery of diamonds in Chiadzwa in 2006, the village has been inhabited by 15,000 of diamond seekers.
The Globe and Mail reports that diamond outperformed gold over the past year as demand in India and China increased.
Diamond consumption and prices have been on the rise this year. Demand in India and China are expected to keep that momentum going throughout the remainder of 2011.
Bloomberg reported that Guinea seeks information about planned investment from China..
Bloomberg reports that Chinese Foreign Minister Yang Jiechi signed an agreement to give Zimbabwe’s government a 50 million- yuan ($7.6 million) grant and called for sanctions against the southern African country to be lifted.
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