* Collapse in diamond demand prompts cuts in education * Mine shutdowns a foretaste of potential future hardship * Global nature of crisis may shield ruling party at polls LETLHAKHANE, Botswana, Sept 15 - It...
Discount diamond seller Zale reports on a tough quarter.
* Sources say money to be used for state diamond purchases * State support may help Alrosa service debt * Alrosa sought $3 billion in state purchases in 2009-10 MIRNY, Russia, Aug 21 - Russian...
* Putin says state diamond purchases to rise * State support may help Alrosa service debt * Alrosa sought $3 billion in state diamond purchases MIRNY, Russia, Aug 21 - Russian Prime Minister Vladimir Putin...
* De Beers says stocks down 20-30 percent * Believes Xmas 2009 will be better than Xmas 2008 ANTWERP, Belgium, June 4 - Diamond inventories have fallen to levels justifying a ramp-up of production with...
LONDON, June 2 - Miner Rio Tinto expects the plunge in diamond sales to taper off as destocking ends, but its mines could see further cutbacks if an improvement fails to emerge, an executive said...
China has become one of the world's largest diamond-consuming markets in recent years, with the total transaction volume on the Shanghai Diamond Exchange hitting US$1.37 billion and retail sales of diamond jewelry exceeding RMB 20 billion in 2008, the People's Daily reported on Wednesday....
LOS ANGELES (Hollywood Reporter) - "The Untold Story of the World's Biggest Diamond Heist," a Wired magazine article by Joshua Davis, is on its way to the big screen.
* Indebted diamond sector set for a shakeout * Low prices along the value chain * Some operators hope prices may reflect gold recovery
Ramat Gan, Israel--The worldwide economic crisis--and subsequent credit crunch--have the world's major diamond centers looking for a little government intervention to help loosen up the flow of cash.