Africa

11% Would Choose Fine Jewelry as Most Pleasure Giving Luxury Item, Given the Choice

11% of people questioned by Synovate, would choose fine jewelry as the one luxury brand item that would give them the most pleasure to purchase. Some 28% of those questioned in the UAE and 24% in India, chose fine jewelry before other items. ‘A car’ led the responses with 31%, followed by designer clothing or [...]

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Africa

Value of Namibian Diamond Exports Up Over 28% in Third Quarter

The value of diamonds exported from Namibia during the third quarter of 2009 increased by some 28.3% from the same quarter in 2008. Demand for diamonds is generally high in the second quarter, where diamond cutters accumulate stock in preparation for the festive season. The country’s diamond production declined by 55.3 percent during the third [...]

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Africa

Sierra Leone Exports 23,000 Carats of Gem Diamonds in July 2009

According to the latest information available, diamond shipments from Sierra Leone fell to 23,000 carats in the month of July 2009. The country’s diamond shipments, including both industrial diamonds and gem quality stone, were down by over 18% in July compared to July 2008.

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Industry News

First Reported Here: Russian Diamond Production Increases In Terms of Carats and Value in First Half of 2009

Russian diamond production in the first half of 2009, at nearly 18.5 million carats worth just over $1.2 billion, increased in terms of both carats and value from the first half of 2008, when production neared 17.6 million carats worth nearly $1.2 billion. The average value per carat increased from $67.83 per carat in the [...]

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Africa

First Reported Here: Botswana Mineral Revenues Down by a Third ; Diamond Production Tops 32.5 Million Carats

During the 2008 – 2009 financial year, mineral revenues (including royalties, dividends, annual lease charges and sundries) collected by Botswana were about a third lower than the country’s revenues during the previous financial year. The decrease in revenue is attributed to poorer diamond sales due to the global economic situation. Dividends from diamonds accounted for [...]

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Africa

Ghana’s Diamond Exports Down to US$3.1 Million in H1 2009

Ghana’s diamond exports during the first half of 2009 reached 157,132 carats worth US$3.1 million, compared with 408,425 carats worth US$29.5 million during the same period in 2008.  

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