Canadian Diamond Exchange Opens Office in Shanghai
Mining Weekly reported the Canadian Diamond Bourse has opened a liaison office at the Shanghai Diamond Exchange.
Mining Weekly reported the Canadian Diamond Bourse has opened a liaison office at the Shanghai Diamond Exchange.
Big Red Diamond Corporation (CVE:DIA) reports it has changed its name to Northcore Resources Inc (CVE:NCR).
The festive cheer, the series of 'good news' reports and the stepped up buying all mean that the good times are probably back for the diamond industry.
The sparkling stones are a new love in a country where gold and jade have traditionally signaled love. China's love for the sparklers is high.
Chinese authorities have detained 21 Indians for smuggling diamonds. Another war in the offing?
The Diamond industry is heading to Hong Kong with high hopes that strong Far East demand will sustain high price levels. The diamond industry concerned that economic hardships in the US will dampen holiday jewelery demand, as Christmas is when jewelers realize the majority of their annual sales.
Despite cautions of the US economic downturn, in 2008 De Beers has been able to boost rough diamond prices by 16 percent on the back of strong demand. De Beers’ marketing unit The Diamond Trading Company (DTC) has reached this 16 percent increase through incremental raises throughout the year.
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