Diamond industry warns of drastic change
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
Articles Tagged "holding"
Global meltdown hits diamond market
Diamond trading activity has witnessed a recent drop-off as buyers face extreme uncertainty about the viability of current price levels. Traders expect the prices of gems to deteriorate in the coming months, but no one has any idea as to how much of a change to expect.
Russian diamond giant first to report dropping revenues
The diamond industry has been having a unique year.The top jewelry sales time is just around the corner, and not till that milestone is over and the numbers are crunched will companies be able to conclude on the successes and failures of 2008.
Diamond market strong for some, weak for others
The summer market lull has made its mark on July diamond sales in Asia. Japanese polish diamond imports took a marginal 0.9 percent rise to hit $73.96 million. Hong Kong reported July retail sales were flat, with jewelry among the worst performers. July diamond imports from India fell 14.7 percent to $25.56 million. Imports from Belgium rose 8.8 percent to $22.9 million.
Agnico-Eagle increases holding in Stornoway Diamond
Agnico-Eagle Mines Ltd. announced that it has increased its holding in Stornoway Diamond Corp. to 17.7 per cent as part of a refinancing deal with the company. For full news, click here
