Harare Denies Diamond Field Abuses
ZimOnlineHarare: Zimbabwean authorities on Monday denied allegations of human rights abuses at the country's Marange diamond field and said calls to ban diamonds from Marange were unjustified because the country was not involved in armed conflict.
Diamond Sales in India Double in Three Months
The Israeli Diamond IndustryMumbai: According to the Economic Times, the domestic consumption of diamonds in India has doubled over the last three months, from 2% to 4% of the total production. Diamonds are currently emerging as an investment alternative for gold.
Debswana Secures Loan
PolishedPricesGaborone: Debswana has secured a 750 million Pula (around $109.3 million) loan facility from local financial institutions to help it sail through a cash drought brought about by the sharp decline in diamond sales, Mmegi reported.
Dubai to Source Rough Diamonds from Angola
ADL NewsDubai: After gold, diamond is going to be glittering in Dubai in the Middle East. The Dubai Multi Commodities Centre (DMCC) said on Monday that it is going to source rough diamond from Angola. DMCC, of which the Dubai Diamond Exchange (DDE) is part of, said it “has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade,” DMCC said in a statement on Monday.
MP's Arrest Halts Exposure of Zimbabwe Blood Diamonds Massacre
TimesonlineHarare: A Zimbabwean MP who was about to reveal to an international delegation the site of a mass grave of diamond diggers, allegedly killed by government troops last November, has been arrested and jailed.
Israel Diamond Exchange Membership Votes for New Board, Re-Elects Avi Paz to Serve Third and Final Term
ADL NewsAntwerp: The Israel Diamond Exchange (IDE) held its biennial elections for the president, board and committee yesterday. The IDE membership voted in a new board and by an overwhelming majority reaffirmed incumbent president Avi Paz, who will serve a third and final term at the helm of the exchange.
Diamond Jubilee Bank Pays Rs 60.63 cr to DICGC
The Times of IndiaSurat: Depositors at the now liquidated city-based Diamond Jubilee Co-operative Bank with deposit of more than Rs 1 lakh have a reason to cheer for as the bank paid Rs 60.63 crore of the deposit claims to the Deposit Insurance and Credit Guarantee Corporation (DICGC) on Friday.
Diamond Mine Producing Again
ADL NewsKununurra: Rio Tinto has recommenced production at its Argyle Diamond mine in the Kimberley.
Army Abuses Zimbabweans to Control Diamond Fields: HRW
ReutersJohannesburg: Zimbabwean police and army are using brutal methods to control diamond fields, forcing children and adults to work and beating local villagers, Human Rights Watch (HRW) said Friday.
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