News

DTC expects lesser sales in SA

The volume would drop from 14 million to 12 million carats

diamond world news service

DTC said that it anticipates to sell lesser diamonds in South African from the pervious 14 million carats a year to now 12 million carats of diamonds per year. The value decline is estimated at $700 million a year. This is the effects of the sale of four of De Beers Consolidated Mines' local operations including its Kimberley underground, Koffiefontein and Cullinan mines, and some of the diamond containing dumps around Kimberley.

Of its new sightdoler list, 75 Sights would be supplied with diamonds from South Africa and London for the three-year contracts from 2008 to 2011. The DTC established joint venture operations in Botswana and Namibia recently to sell its production, and expected to be selling about $500 million of diamonds in Botswana by 2010.


Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

US Tariffs Create Uncertainty Over India’s Diamond Duty Exemption

Dior launches Rose des Vents campaign featuring Mia Goth

Forevermark Diamond Jewellery Partners Raw Mango at London Fashion Week

Pharrell Williams Launches Online Auction of Personal High Jewellery Collection

STÉFÈRE Unveils Midnight Garden High Jewellery Collection in Paris