Russian Prime Minister Vladmir Putin pledged on Friday $1 billion in state support for diamond miner Alrosa to help it ride out a steep global dip in demand for gemstones. For full story, click here
The diamond industry has been severely hit by the difficult global economic environment, the world’s leading diamond producer De Beers. For full story, click here
Even though Surat’s diamond industry has been struggling to recover from the blow it received following the recession, global diamond producers are on way to recovery. For full story, click here
The direct cost of the slump in global demand for diamonds has resulted in the loss of over 1,900 jobs in Namibia, whose diamond sector has been hard hit by the international economic slump. For full story, click here
Barclays’ President Robert Diamond declared the $26 million profit he’s set to reap from the sale of Barclays Global Investors came from money “put at risk” after he invested in the stock. For full story, click here
Namibia’s central bank governor declared that the diamond-rich southern African nation’s economy will shrink by 0.6 percent in 2009 as mining slows in the global economic slump. For full story, click here
The country’s diamond-processing and jewellery-making industry is heaving a sigh of relief with the recovery in demand from local as well as global markets. For full story, click here
Global Diamond Resources is in talks that may lead to the sale of its Kao diamond mine in Lesotho for about $64 million. For full story, click here
The Israeli Diamond Industry, one of the major stakeholders of Israel’s economy, has found a unique way to deal with the global economic slump. Instead of freezing marketing activities and pulling advertising dollars, the Israeli Diamond Industry is investing huge efforts in reaching out to clients, using both new and traditional marketing tools. For full [...]
Global diamond markets will continue to stabilize with prices slowly solidifying against a shortage of supplies in the market. Buyers are resisting the new, higher prices as they are still unwilling to pay them. For full story, click here
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