> IDEX Online Research: April Jewelry Demand in U.S. Market Is Hopeful Sign
The worst appears to be behind us. The rate of decline in retail sales – and jewelry sales – has slowed. Further, when queried about where we are in the current recessionary cycle, the consensus opinion of most economists, the Fed and the U.S. government is that the worst is behind us.

(June 29, 2009)

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> Cameroon Plans Diamond Mining
The Africans state of Cameroon wants to develop a diamond deposit discovered last year, planning to start mining by the end of 2010, Bloomberg reported Friday.

(June 30, 2009)

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> DMCC Turns to Angola for Rough Diamonds Supply
The Dubai Multi Commodities Centre (DMCC) is in a bid to secure direct rough diamond shipments Angola. The DMCC, of which the Dubai Diamond Exchange (DDE) is part of, said it “has begun exploring opportunities to strengthen ties with Angola in the area of diamond trade,” DMCC said Monday.

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> Despite Trading Ban, Venezuela Wants to Develop Diamond Mines
Venezuela President Hugo Chavez is in a bid to get a loan to finance the country’s diamond and gold mining sector. Chavez said the loan will be partially paid with the mines output. In June 2008, Venezuela has suspended itself from the Kimberley Process, two years after it started nationalizing mines.

(June 28, 2009)

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> Zimbabwe Trying to Block Information about Marange Killings
A Zimbabwean parliament member who was about to tell a Kimberley Process delegation details about the killing of diamond diggers at Marange last year was arrested on a kidnapping charge, according to a Sunday Times report. One of the details was a burial site of the slain diggers.

(June 09, 2009)

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