Shimansky CEO Says More Diamond Supply to Local Cutters, Polishers Needed

Mining Weekly reported that the Yair Shimansky, the CEO of diamond jewelry designer and manufacturer, Shimansky , said a greater supply of diamonds should be made available to local cutters and polishers as it adds more value to the South African economy.

As quoted in the market news:

He says South Africa still produces high-quality diamonds and, as the demand for diamonds in countries such as India and Asia is increasing, “there is definitely a gap between supply and demand”. This will lead to diamonds increasing in value, providing South Africa with a significant opportunity to grow its diamond industry.

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