De Beers has remained optimistic about the future prospects of the diamond industry during 2009, and is expecting the Christmas season to be “in line with if not better than last year”. For full story, click here
Kinross Gold Corp. is taking advantage of the diamond market collapse to make its first foray into the industry and open the door for more investments in the future. For full story, click here
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.
Mining Weekly reported that Trans Hex had entered into exclusive discussions with De Beers Consolidated Mines (DBCM) to “explore options” for the latter’s Namaqualand diamond operation. For full story, click here For Trans Hex’s website, click here
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