Angola’s diamond sector is slowly recovering but gem prices still need to surge by around 15 percent this year to enable companies reinvest in it. For full story, click here
Continue reading "Angola’s diamond sector is regaining lustre"
Wednesday, April 15, 2009
The diamond industry has been hardest hit as diamond prices have slipped steadily even precipitously. For full story, click here
Continue reading "Diamond Industry hit by falling prices"
Tuesday, April 7, 2009
As the economic recession increased its stronghold on consumers, plunging jewellery sales sent the diamond industry into a tail spin. At the onset of the slowdown, the industry seemed immune, as sales of top tier goods overshadowed the decline in mid-grade diamond sales.
Continue reading "A glimmer of hope for the diamond market"
Monday, March 30, 2009
Israeli diamond tycoon Lev Leviev announced that rough diamond prices rose 10 percent in March compared to February as a result of the drop in production. For full story, click here
Continue reading "Prices of rough diamonds surged 10% in March"
Monday, March 23, 2009
In order to encourage diamond mining companies that have been facing the brunt of reduced global demand and prices, the government of Angola is deciding to purchase diamonds from these local mining companies. For full story, click here
Continue reading "Govt. of Angola decides to buy diamonds locally"
Tuesday, March 10, 2009
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
Continue reading "Diamond industry warns of drastic change"
Wednesday, February 11, 2009
Rough diamond prices may recover by Christmas 2010 after big players reduced output in response to a sharp drop in demand, the world’s top diamond producer, De Beers, said. For full story, click here
Continue reading "De Beers sees recovery in diamond prices by end-2010"
Wednesday, February 4, 2009
With prices and demand slowing, the diamond industry would be hit for some time to come. For full story, click here
Continue reading "Diamond industry would be hit"
Monday, February 2, 2009
Miner Gem Diamonds Ltd, which warned in November that it might make a loss in 2008, said on Monday it expected better performance this year after a cost-cutting exercise. For full story, click here
Continue reading "Gem Diamonds sees improved performance in 2009"
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"
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Wednesday, April 29, 2009