India Set to Resume Diamond Imports from Zimbabwe
Israeli Diamond Portal.com reports that India intends to resume importing diamonds from Zimbabwe again.
Israeli Diamond Portal.com reports that India intends to resume importing diamonds from Zimbabwe again.
Bloomberg.com reports that Indian-run MMTC will increase imports of gold, coal, diamonds and metals from South Africa to meet demand
Israeli Diamond Portal.com reports that in 2010, net exports of polished diamonds from Israel increased 48%.
People's Daily Online reports that China has now moved up to second place in global Diamond Imports.
Diamonds.net reports that polished Diamond Exports from India have increased by 38% , year-on-year in October.
The days of De Beers dominance of the worldwide diamond market may be over as Alrosa, Russia’s diamond giant, is the new King. Anglo-American may be looking to publicly list De Beers in London and Botswana, as well as selling shares of the under-performing company. Healthy sales numbers from world production centers and increasing imports to the US are making for a strong 2010.
Moneyweek.com reported that Diamonds are a “great investment”:
China is now the world’s second largest economy. This massive increase in wealth has created a massive desire for luxury goods, diamonds included.
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.
With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.
Get our independent commentary on diamond trends and companies delivered to your inbox.