Namibia Mining Industry Report 2023 Featuring Diamond
Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The
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Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The
The world’s largest diamond mining company, the De Beers Group, has suspended all online rough auctions for the remainder of the year.
Additionally the appeal also called for measures to be taken to support the artisans during this period, thereby ensuring that there is no adverse impact on their livelihoods.
The Indian diamond trade has decided to halt imports of rough diamonds from major mining companies for two months starting from October 15. This decision comes as the demand for cut and polished diamonds in the US and China has been slowing down. The move aims to reduce the industry's polished stock inventory, protect its financial health, and save jobs for approximately two million workers.
Russian diamond mining juggernaut Alrosa has cancelled its next two allocations amid concerns about declining demand.