Articles Tagged "investment"

Zimbabwe Risked Ban on Diamond Mining

Prime Minister of Zimbabwe Morgan Tsvangirai has called for private investment in diamond mining, saying the country faced a real threat of being banned from dealing with diamonds if the chaos, looting and militarization of Chiadzwa diamond fields persists. For full story, click here

De Beers Canada has spent $295 mln on snap lake diamond mine in 2008

De Beers Canada, the Canadian subsidiary of diamond mining giant, declared in a statement that during 2008, it has spent $295.9 million developing the Snap Lake diamond mine, bringing its total investment in the mine to $1.235 billion. De Beers Canada Chief Operating Officer Chantal Lavoie stated: In 2008 we finished construction and commissioning of [...]

Did Black Friday come through for diamond retailers?

The day after Thanksgiving has long been known as “Black Friday”, a moniker that denotes the fact that it is on that day that retailers go from being in the red, to the black. Many stores open as early as 4 am, coaxing shoppers through their doors with ‘once a year’ sales.