South African Diamond Output to slip Until 2011
Diamond output in South Africa will continue slipping until at least 2011 amid expectations that the global economic recovery will be protracted. For full story, click here
Articles Tagged "global"
Surat Diamond Traders will attend global event
Las Vegas announced that it will host a high-profile jewellery exhibition where 113 Indian diamond industrialists, including 20 from Surat, will take part and exhibit their work. For full story, click here
Demand for diamond jewelry hasn’t yet picked up
Demand for diamond jewelry has not yet picked up any momentum and the diamond industry is still stagnant under the pressure of the global economic crisis. For full story, click here
India has beaten Belgium in polished diamond exports
It is not in just gold imports and scrap gold exports that India is showing its bullion mettle. India has beat global diamond leader Belgium in the export of polished diamonds. For full story, click here
Diamond Industry trembled by soft market
The global economic recession has severely lowered demand, hurting those in the supply chain including miners in Africa, cutters in India and retailers in Europe and the U.S. For full story, click here
USA diamond industry bail-out has set for Botswana
The Botswana diamond cutting industry that has been subdued to the global economic slump is reported to get some support from the USA government through its Overseas Private Investment Corporation. Head of Botswana’s Lazare Kaplan, Alfred Dube, stated: The deal is not yet finalized; what is remaining is for our lawyers to sign the contract [...]
Diamond Body wants halt to Zimbabwe Diamond Trade
A global diamond group called on Thursday for a ban on trade in Zimbabwe diamonds. WFDB president Avi Paz stated: The WFDB and its membership worldwide are committed to do all it can to prevent conflict diamonds from Zimbabwe or from any other source for that matter to be traded by our members. For full [...]
Sierra lone diamond miners turning to gold
Diamond mining in Sierra Leone is following a global economic trend with miners turning to gold. Edward Sandy, Deputy Director at the Ministry of Mines, said: The impact of these changes is very serious. For full story, click here
Israeli diamond industry hit by financial slump
While the full impact of the global financial meltdown remains unknown, the Israel Ministry of Industry, Trade and Labor released data for 2008 showing sharp declines in diamond sales. The Israel Diamond Exchange president Avi Paz said: The downturn in the economy in the world affected diamonds like it affected everybody. For full story, click [...]
De Beers, Trans Hex talks terminated
The global financial meltdown, which has badly hit the diamond industry, has led to Trans Hex terminating talks to acquire assets owned by De Beers Consolidated Mines. For full story, click here
