The Union Ministry of Labour and Employment is carrying out a detailed survey of the diamond industry to assess the level of recovery. A five-member team from the ministry visited the diamond units across the city, which have claimed to be plodding their way back to recovery from recession. For full story, click here
Continue reading "Labor Ministry has checked pulse of sick’ diamond industry"
Saturday, July 11, 2009
Even though Surat’s diamond industry is still struggling to recover from the blow it received following the recession, global diamond producers are on way to recovery. For full story, click here
Continue reading "Surat’s Diamond Sector rejoiced over De Beers News"
Monday, June 8, 2009
The crisis in the diamond industry has hit bottom, and the industry can now look forward to growth, according to DeBeers managing director Gareth Penny. Mr. Penny relayed this message to a room full of diamond merchants, manufacturers, and leaders at the Diamond Town Hall Meeting on June 3rd.
Continue reading "DeBeers hails bottom has been hit"
Monday, May 25, 2009
Diamond output in South Africa will continue slipping until at least 2011 amid expectations that the global economic recovery will be protracted. For full story, click here
Continue reading "South African Diamond Output to slip Until 2011"
Monday, April 27, 2009
Lucara Diamond Corp. and partner Motapa Diamonds Inc. declared that it has completed diamond recovery work on the 100,000 tonne bulk sample program at the Mothae sample project in Lesotho. For full story, click here
Continue reading "Lucara Diamond declared Mothae Diamond Project Results"
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"
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Monday, July 20, 2009