Articles Tagged "exports"

Diamond Exports have shrunk 58%

The dip in trend in Israeli diamond exports, which began immediately after the financial crisis broke out in September 2008, continued to distress the Israeli industry’s exports throughout the first quarter of 2009, excluding a slight recovery recorded in the past few weeks.For full story, click here

Australia’s Rough Diamond Exports slipped 33% in fiscal 3Q

Australia’s rough diamond exports dropped 33 percent to $77.9 million in the quarter that ended March 31, 2009, impacted by a sharp dip in prices from a year earlier. Exports by volume surged 39 percent to 3.175 million carats as the average price dipped 52 percent to $24.52 per carat. Production during the period doubled [...]

Botswana has got $1.5 mln loan as diamonds dipped

Botswana, the world’s leading diamond producer, secured a $1.5 billion loan from the African Development Bank, the largest-ever budget support given by the bank, following a dip in exports. Donald Kaberuka, president of the African Development Bank, stated: The case of Botswana illustrates the impact that the financial crisis is having on even the best-managed [...]

Economic Meltdown has taken a toll on diamond exports

The global economic slowdown has taken toll on India’s diamond exports. Hit by a contraction in demand for diamond in the US and European markets, export of cut and polished diamonds from India are believed to have dipped 8.24% to $13 billion in 2008-09 from $14.2 billion in the previous year, according to provisional estimates. [...]