South Africa's Last Diamond and Polishing Company to Close

Mining Weekly reported that Shadow Mineral Resources Minister James Lorimer of the Democratic Alliance has expressed dismay that South Africa’s last and biggest diamond cutting and polishing company is set to close.
As quoted in the market news:

The subsidiary of one of the world’s largest listed jewellery companies sustained some 170 South African jobs in mainly the Newcastle area of KwaZulu-Natal.
“An industry that was previously a significant employer of South Africans has now near-vanished, taking with it numerous job opportunities,” Lorimer lamented.
The number of cutters and polishers in the country used to total about 4 500. With the closure of Zlotowski, only about 200 remain.
The closure is the latest chapter in what Lorimer described as “the catastrophe visited on the South African cutting and polishing industry” since the government ignored industry advice and passed the Diamond Second Amendment Act in 2007.

Click here to read the full Mining Weekly report.