Diamond Jewelry Demand in India May Slow After Gem Prices Surge
Bloomberg reports demand for diamond jewelry in India may slow as a surge in prices discourages buyers.
Articles Tagged "india"
Surat to Host 2nd Online Auction
Times of India reports Blue Star group will host a second online auction next month.
Mumbai’s Diamond Sector Badly Affected by Bomb Blast
Mineweb reports that a terrorist bomb which exploded in Mumbai yesterday has closed the center for diamond trading.
Mumbai Blasts Rip Apart Asian Diamond-Trading Center
The Australian reports that a terrorist blast in Mumbai, which left 18 dead, tore apart the Asian jewelry and diamond trading center.
Like Gold’s Rise? Diamonds Shine Brighter
The Globe and Mail reports that diamond outperformed gold over the past year as demand in India and China increased.
India and China Boosting 2011 Diamond Market
Diamond consumption and prices have been on the rise this year. Demand in India and China are expected to keep that momentum going throughout the remainder of 2011.
Rio Keen on Diamond Hunt in MP
The Telegraph reported on Rio Tinto's (NYSE:RIO) application for a diamond mining license in India.
Rio’s India Diamond Fight
Sydney Morning Herald reported that activists are making allegations that Rio Tinto (NYSE:RIO) is exploring diamond opportunities in India without government permission.
Diamond Miners Ramp Up Production
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
Blood Diamond Trade Resuming in Zimbabwe?
The controversial ban on Zimbabwe’s exporting of “blood” diamonds is over, according to Deputy Mines Minister Gift Chimanikire, who insists the country has been given written permission to hold two diamond auctions this year by the Kimberley Process (KP), an international body set up to monitor the distribution of conflict minerals. Members of the international diamond trading community and human rights groups have responded to this claim with confusion because as of today, KP spokespersons are denying that any such permission has been given. “No decision has been made yet,” said the new KP chairperson Yamba Mathieu Lapfa Lambang of the Democratic Republic of the Congo, which took over the role as chair of the conflict diamond watchdog organization from Israel on January 1, 2011.
