In 2008, as the bleak economic outlook deepened, there were significant repercussions for the diamond industry. Early on in the downswing it seemed that the industry would withstand the economic current. However, under close examination it was apparent that a storm was brewing.
Continue reading "Emotions play into diamond market"
Wednesday, January 21, 2009
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
Continue reading "Around the globe, diamond exports drop"
Friday, December 12, 2008
The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.
Continue reading "Did Black Friday come through for diamond retailers?"
Thursday, November 27, 2008
JSE-listed mineral resources company Miranda Mineral said that it had issued shares for cash, to the value of R17,2-million, to the black empowered Yakani group For full story, click here
Continue reading "Miranda issues shares worth R17m to fast track exploration"
Tuesday, November 25, 2008
With the Christmas buying season upon us jewelry companies who would typically have their biggest sales of the year are bracing for disappointing numbers. A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewelry could take the biggest hit in the downturn.
Continue reading "Holiday jewellery purchases decline"
Thursday, November 6, 2008
Government approves the environmental impact assessment study of Gem Diamond, bringing it closer to the approval of its diamond mining licence in Gope in Central Kgalagadi Game Reserve. Haile Mphusu, Managing Director of Gope Exploration, siad: We are very pleased with this development as it brings us one step closer to realizing our ambition to develop a [...]
Continue reading "Gem Diamond can get mining licence"
Wednesday, October 15, 2008
Diamond prices have held their own this year, despite the markets impetuous downward spiral. Prices of top gems have been keeping the finances rolling while mid grade mass consumed diamonds sales slumped. Now, as the crisis deepens, Diamond prices are under pressure.
Continue reading "Diamonds under pressure"
Tuesday, September 30, 2008
Diamonds could very well represent the next safe haven for investors, much like gold and silver, as investors flee the financial markets for more secure investments.
Continue reading "Diamonds – The next safe haven for investors?"
Monday, August 18, 2008
Venues Resources Ltd. entered into a joint venture agreement with Seaward Holdings Pty Ltd in its search for a diamond bearing lamproite pipes north of the Argyle Diamond Mine. For more information, click here For company’s website, click here
Continue reading "Venus Enters New Diamond Exploration JV"
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Thursday, February 26, 2009