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FEATURE - Slump shows Botswana rough side of diamond trade

Demand growth for rough diamonds to be lower: Varda Shine
The Diamond Trading Company (DTC), marketing arm of De Beers, the world's largest diamond miner, forecasts a slower growth in demand this year, against double-digit growth last year. Varda Shine, its chief executive officer, tells Dilip Kumar Jha this would again be driven by demand from developing economies, led by India and China. Edited excerpts: Is there any change in the selection of sightholders

3 Indian firms get diamond processing licences in Botswana
The opening of Botswana as a major diamond trading hub has opened a new window of opportunity for Indian processing companies.

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No respite from high diamond jewellery prices for buyers

Diamond jewellery consumers are unlikely to get any respite from high prices this year, as the world's largest supplier, De Beers, has decided not to raise the production of rough diamonds to maintain

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Slowdown ahead for Indian diamond jewellery industry

Domestic, overseas sales decline, sparking fears of a re-run of 2008 slump. The Indian diamond jewellery industry is facing a tough time, portending return of the 2009 slowdown. There has been a

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Rough diamond prices may remain volatile in short term

Rough diamond prices are likely to remain volatile in the short-term due to demand-supply mismatch. Rising consumerism in the rapidly growing two Asian economies - India and China - coupled with

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Jewellery exports rise 47% in 2010-11
Growth due to high consumer turnout in US retail shops; the US contributes nearly 38 per cent of global sales.

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