South African diamond industry seeking ways to mitigate economic downturn

Across the mining industry the effects of the current economic downturn have made a severe impact on production and sales, and resulted in the loss of many jobs. Slowly, but surely, the crisis is spreading to the diamond sector.

State Diamond Trader CEO unhappy with progress to date, hopes to achieve targets by March

The State Diamond Trader (SDT), established to buy 10% of the country’s diamond production for sale to local cutters and polishers, has completed its first “critical” six months of operation, and achieved necessary targets, but says that he...