Tag Archive | "demand"

Diamond Miners Ramp Up Production

Wednesday, February 2, 2011

Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.

De Beers in 99% Loss as Diamonds Lose Their Glitter

Tuesday, July 28, 2009

The world’s leading diamond producer, De Beers, has reported a 99-percent dip in net profits for the first half of 2009 to just $3 million after demand for luxury goods was hard hit by the international recession. For full story, click here

Diamond Market in U.S slowed down

Saturday, July 11, 2009

The U.S market has slowed with the advent of summer vacations. Summer wedding season was driving demand at retail, with wedding bands being the top seller. For full story, click here

Diamond Processing is on the Road to Recovery

Thursday, June 11, 2009

The country’s diamond-processing and jewellery-making industry is heaving a sigh of relief with the recovery in demand from local as well as global markets. For full story, click here

Shares in Gem Diamonds have surged

Tuesday, May 12, 2009

Shares in Gem Diamonds surged 12.9 percent, building on Friday’s 20 percent gain, as investors react to a recovery in demand for rough diamonds with market conditions looking more positive. Desmond Kilalea, a diamond analyst at RBC Capital Markets, stated: They have just raised money and we know diamond prices are getting a bit better. [...]

Blue Nile posted surge in net profit

Friday, May 8, 2009

Online jewelry retailer Blue Nile Inc’s announced that it has posted better-than-expected quarterly net profit that dipped by nearly a quarter as receding demand in a slump offset waning diamond prices. For full story, click here

Small revival of Surat Diamond Industry has brought smiles back

Tuesday, April 28, 2009

After a slump, diamond market in Surat was abuzz with activity following slight spurt in demand for high quality diamond. Dinesh Nawadia, general secretary, Surat Diamond Association, stated: At the moment, there is requirement in the market for a grade workers who are skilled and who are good in cutting and polishing diamonds. We hire [...]

Indian Diamond Exporters may replace US market with Middle East

Monday, April 27, 2009

The diamond industry in Surat, which has encountered a dip in US diamond demand, is now seeking out new markets like the Middle East. GJEPC Chairman Vasant Mehta stated: We are looking away from the US markets. We will spend up to Rs 50 crore a year on promotions in the Middle East which has [...]

Diamond Industry trembled by soft market

Friday, April 17, 2009

The global economic recession has severely lowered demand, hurting those in the supply chain including miners in Africa, cutters in India and retailers in Europe and the U.S. For full story, click here

De Beers declared rise in diamond sales

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

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