Diamond prices could fall about 10% to 13% in 2012 as the supply and demand fundamentals are roughly in balance and diamond recycling starts to finally impact the market, said a diamond-industry consultant.
Mmegi Online.com reports that India plans to set up a Diamond trade institute in Botswana.
Reuters.com reports that according to new WikiLeaks, the Zimbabwean diamond trade, under the eye of the government, is one of the most corrupt.
SW Radio Africa News.com reports that there has not yet been an agreement between the Kimberly Process and officials in the Zimbabwean diamond trade.
Far West Mining Ltd. (FWM) has reported the results from its twenty diamond drill holes at Santo Domingo. After the new set of holes were drilled they found out that the mineralization extends between sixty and seventy meters further. This is higher than the first interpretation which means that it will add tonnage to a [...]
Zimbabwe’s approved rough diamond export to Dubai is raising Jewelers of America’s concern. To prevent any future problems JA President Matthew A. Runci decided to call Kimberley Process (KP) to not authorize any further shipments of goods originating from the Marange until corrective measure have been taken. The news added the information: Following this development, [...]
A $490 million deal between Russian Diamond giant Alrosa and Indian firms strengthens India’s diamond industry. Companies such as Rosy Blue and Diamond India, headquartered in Surat, India are responsible for 90 per cent of the global polished diamond output.
Global Diamond industry is undergoing a strong transition towards growing demand for "conflict-free" or "violence-free" or ethical diamonds- guaranteed to originate from ethical and environmentally responsible sources. This transition is in response to the growing awareness among people and consumers worldwide about the so called "Blood diamonds"
Here at diamond investing news, we have been following how the financial crisis has been impacting the industry. For a brief summary over the past few months, it was not until the end of September that dropping revenues became an issue to diamond industry participants.
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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