In what can be described as a positive aspect of the global meltdown, following the credit crunch the world over, prices of all metals across the board have seen a dip due to a steep fall in demand. And so did it happen in case of diamonds. For full story, click here
Kopane Diamond Developments has announced that it intends to suspend production at its diamond mining plant in Lesotho in southern Africa after tumbling diamond prices put at risk the profitability of the operation. For full story, click here
Gem Diamonds may not hold a rough diamond tender in December and is reconsidering the way it runs these tenders given the fall in diamond prices, a statement issued by the company said. For full story, click here
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