Gem Diamonds Ltd. declared that first-half sales from its South African and Australian mines were lower due to strong currencies, and that it remained cautious about demand in the United States, but its cash position was strong with no debt. For full story, click here
Jewellery maker Flawless Diamond declared that it will increase money by way of equity and debt to fund its expansion plans. Flawless Diamond Managing Director Bhawar U Jain stated: Global scenario of diamond market is improving and exports demand has started flowing in the system. Stability in the domestic market will ultimately give a boost [...]
Moody reported that a possible sharp hike in public debt and lower revenue due to persistant slump in diamond demand could put Botswana credit ratings at risk for downgrade. For full story, click here
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