The Botswana government has no plans to lend money to its bleeding diamond, mining industry amid the effects of the financial crisis, Mmegi Online reported. For full story, click here
Continue reading "No Bailout for Botswana Diamond Mines"
Wednesday, January 21, 2009
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
Continue reading "Around the globe, diamond exports drop"
Wednesday, January 7, 2009
When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.
Continue reading "In ’08, diamonds lost their luster"
Tuesday, December 30, 2008
VIPR announced yesterday that it has signed a closing agreement to purchase up to 50% ownership of a Diamond mine in one of the world’s largest diamond producing areas. The Mwamagunguli Diamond concession in the rich Shinyanga Diamond Region of Tanzania is situated south of the Williamson Mine, one of Africa’s most significant diamond producers. [...]
Continue reading "VIPR Purchased 50% of A Diamond Mine"
Tuesday, December 16, 2008
VIPR announced yesterday that it has signed a closing agreement to purchase up to 50% ownership of a Diamond mine in one of the world’s largest diamond producing areas. For full story, click here
Continue reading "VIPR Purchased 50% of A Diamond Mine"
Friday, December 12, 2008
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.
Continue reading "Did Black Friday come through for diamond retailers?"
Tuesday, November 25, 2008
With the Christmas buying season upon us jewelry companies who would typically have their biggest sales of the year are bracing for disappointing numbers. A study completed this fall by the Harrison Group and American Express Publishing found that of all the luxury categories, jewelry could take the biggest hit in the downturn.
Continue reading "Holiday jewellery purchases decline"
Wednesday, November 12, 2008
Just months after opening 2 new diamond mines in Canada, De BeersConsolidated mines has opened a 3rd one in Free State. For full story, click here For company’s website, click here
Continue reading "De Beers opens 3rd new mine in 2008"
Friday, November 7, 2008
Voorspoed Diamond Minefrom from De Beers in South Africa was officially opened by Buyelwa Sonjica, South African Minister of Minerals and Energy. For full story, click here Fof company’s website, click here
Continue reading "De Beers starts Voorspoed Diamond Mine"
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Monday, January 26, 2009