Research group Frost & Sullivan declared that it has taken a gloomier view than other diamond industry commentators in forecasting a long downturn in commodities demand and SA’s diamond production dipping until 2011. For full story, click here
The diamond-cutting and polishing industry in Surat is regaining its lost sparkle. Around 500 more units in the diamond city have resumed operations in the past month, as a result of which diamond units are looking for workers again. CP Vanani, president, Surat Diamond Association, stated: Surat had 2,500 to 3,000 diamond-cutting and polishing units [...]
Some of the blues has been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million, the highest auction price ever for a fancy vivid blue. For full story, click here
In 2009 The Israeli diamond industry will once again be a major presence at the JCK Show- Las Vegas 2009. The Israel Diamond Pavilion, hosted by the Israel Diamond Institute Group of Companies will feature 22 exhibitors, and an additional 21 Israeli companies will be exhibiting elsewhere throughout the show. For full story, click here
The slump in the diamond industry has claimed two more lives. In Amreli district a jobless worker and in Surat a diamond broker both consumed poison. For full story, click here
Concerned over job losses in the export-driven diamond industry, a Reserve Bank of India task force has asked banks to provide concessional loans along with debt revamp to the units, hit by global slump. For full story, click here
Diamond Trading Company, a distribution arm of world’s leading diamond producer De Beers, feels that some types of diamonds may be in short supply by the end of the year because of drastic production cuts. For full story, click here
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
After a slump, diamond market in Surat was abuzz with activity following slight spurt in demand for high quality diamond. Dinesh Nawadia, general secretary, Surat Diamond Association, stated: At the moment, there is requirement in the market for a grade workers who are skilled and who are good in cutting and polishing diamonds. We hire [...]
The slowdown in the diamond industry has claimed two more lives. In Amreli district a jobless worker and in Surat a diamond broker both consumed poison. For full story, click here
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