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
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.
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. [...]
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
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.
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.
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
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
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