Venezuela plans to seek out foreign partners for diamond mining ventures as part of a plan to industrialize the mineral-production process, the minister of basic industries and mining said. 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.
Guinea has canceled a diamond mining license held by Aredor, which is 85 % owned by Toronto-listed Azure Resources Corp AZU.V. For full story, click here
Public pressure has impelled the diamond trade to monitor sources. For full story, click here
The 16th annual CAMA conference is going on at Saskatoon. The conference will talk about the issues related to aboriginal communities, including environmental impact, revenue sharing and employment training in regrd with diamond mining in the country. For full story, click here
Government approves the environmental impact assessment study of Gem Diamond, bringing it closer to the approval of its diamond mining licence in Gope in Central Kgalagadi Game Reserve. Haile Mphusu, Managing Director of Gope Exploration, siad: We are very pleased with this development as it brings us one step closer to realizing our ambition to develop a [...]
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