Wednesday, 15 July 2015

De Beers sightholders refuse boxes


























De Beers’s the world’s largest rough producer felt the pain, when only $300 million of the $450 million estimated sight was taken up by their sightholders. This leaves 30 percent of the rough on offer  on the table.

Source: DCLA

Monday, 6 July 2015

Greece Shuts Down Access to Safe Deposit Boxes

 safety-deposit-boxes

A few minutes ago the deputy Minister of Finance Mrs Olga Valavani said safe deposit boxes will be reserved! Bank officials denied this statement.

More: LINK

India’s diamond sector is hurting from Defaults and lay-offs


















The diamond sector in Surat is experiencing rising losses and payment defaults.
 
This is causing uncertainty for workers in India's diamond capital. 

Read more:DCLA

$127m Diamond Loss for Rio Tinto

Rio Tinto reported a $127m loss for 2024 from its Diavik diamond mine, in Canada, as weak market conditions led to “fixed cost inefficiencie...