Gem

Mining Weekly reported the diamond industry in South Africa faces many uphill battles as the sector tries to adapt to job and wealth creation in the area.

Mining Weekly reported the diamond industry in South Africa faces many uphill battles as the sector tries to adapt to job and wealth creation in the area.

As quoted in the market news:

African Romance claims that it does not buy diamonds from the State Diamond Trader, as it does not supply diamonds suitable for polishing.

Diamonds cannot be viewed before buying; therefore, the quality and suitability of the diamonds for polishing cannot be evaluated and companies stand the risk of losing profits.

Click here to read the full Mining Weekly report.

MARKETS

Markets
TSX19620.13+43.09
TSXV664.17+4.09
DOW32803.47+76.65
S&P 5004145.19-6.75
NASD12657.55-63.03
ASX7015.60+40.70

COMMODITIES

Commodities
Gold1774.26+0.42
Silver19.82-0.08
Copper3.54-0.01
Palladium2128.50+16.31
Platinum934.50+0.49
Oil88.15-0.86
Heating Oil3.19-0.02
Natural Gas7.87-0.19

DOWNLOAD FREE REPORTS

×