Wide-spread information has been circulated through various medias globally during the recent years about the so called worsening condition of Zimbabwe’s diamond sector, final among
Perth: Rio Tinto will cut back its production of diamonds this year and focus on bringing more affordable jewellery to the Chinese market as ample
Harare: Zimbabwe’s mines minister Walter Chidhakwa said the fall in the production of diamonds in the country over the past years has been “dramatic” and
Gaborone: Botswana, which relies heavily on diamond revenue, will likely experience a budget deficit due to weak rough diamond sales recorded in the first half
Natural diamonds have been losing their grounds as ultimate fashion symbol during recent years. Gone are those days when celebrities and younger generation used to
Hyderabad: The perennially drought-hit Mahbubnagar district could well turn out to be another Golconda, once famous as a city where diamonds were sold in heaps
Luanda: Angola’s diamond sales leaped 35 percent year-on-year in the first half of the year to $573 million from the 4.2 million carats sold. Angolan
Gaborone: Mining companies Anglo American and Lonmin are cutting tens of thousands of jobs as commodity prices fall. Anglo said it would cut 6,000 posts
Johannesburg: Market Research said that the global rough diamond production was 131.5 million carats last year, marginally up from 130.5 million carats in 2013. It
Mumbai: India’s diamond manufacturers have decided to cut production by up to 30% to avoid inventory buildup in a slowing market, reports The Economic Times.
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