The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects. For full story, click here
The direct cost of the slump in global demand for diamonds has resulted in the loss of over 1,900 jobs in Namibia, whose diamond sector has been hard hit by the international economic slump. For full story, click here
Gujarat’s diamond workers and traders are facing unprecedented crisis on account of fall in demand for diamonds caused by the recession looming over the globe for the past several months. For full story, click here
The tanzanian government plans to table a parliamentary bill for amendment of the country’s diamond mining legislation as per the recommendations submitted by the presidential mining sector review committee chaired by retired Judge Mark Bomani. For full story, click here
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