Angola's Luaxe eyes trial mining mid-next year – Alrosa

Angola's new Luaxe diamond deposit is set to commence trial mining mid-next year that is expected to produce 1 million carats worth $90 million in 2020, according to Alrosa.

Yesterday

Christie’s Magnificent Jewels totals $67.5 million

Christie’s latest auction Magnificent Jewels, which was held on December 11, totaled $67,519,625.

Yesterday

Botswana Diamonds opts to focus on advanced kimberlite projects in Zimbabwe, South Africa

Botswana Diamonds, which convened its Annual General Meeting (AGM), in London on Thursday, has resolved that its diamond exploration work will focus on advanced kimberlite projects in Zimbabwe and the Free State kimberlite field in South Africa...

Yesterday

Petra’s SA mining operations back at normal load levels

Petra Diamonds' mining operations in South Africa are now operating at normal load levels after the country’s power utility, Eskom, lifted its load curtailment restrictions.

Yesterday

AGD DIAMONDS extracts its four millionth ton of ore

The Grib Mining and Processing Division, which is operated by AGD DIAMONDS, has processed its four millionth ton of ore in line with the company’s annual production plan.

12 december 2019

Are Chinese Consumers Moving from Spending to Saving?

26 november 2019

(jingdaily.com) - China is facing slowing economic growth, and the continued trade war with the U.S. has created a potentially tricky situation where consumer prices could shoot up while businesses’ profit margins decline. As challenges mount, the government has implemented stimulus measures (tax cuts, loans, etc.) to help increase spending, but Chinese citizens are instead becoming frugal, moving farther and farther away from the extravagant spending of years past. And while the luxury industry has recently become dependent on China’s younger, label-obsessed consumers, the high-end segment remains vulnerable to changes coming from Beijing.