Covid-19 paralyzes world largest diamond firm as global sales crumples
Businessam Staff
July 27, 2020
Company to undergo restructuring resulting from the Covid-19 effects Reports $56m rough diamond sales in Q2 2020 In the wake of the Covid-19 pandemic which has caused uncertainties and volatilities in the market, De Beers Group, regarded as the world’s largest and oldest diamond company is set to undergo restructuring following the crumpling of diamond […]
Diamond traders in India express worries over Hong Kong’s increasing political unrest
Businessam StaffNovember 14, 2019
Kenneth Afor The continuous political upheaval in Hong Kong has put what would seem to be a nightmare in the minds of diamond traders in India as they witness a further decline in export of the commodity. Diamond export to Hong Kong has fallen by 17.42 percent in almost the first half of India’s 2019 […]
709-carat diamond found in Sierra Leone sells for $6.5m
Businessam StaffDecember 6, 2017
Officials say a 709-carat diamond found in Sierra Leone has been sold for more than $6.5 million, according to Association Press. The diamond is said to be the 14th-largest ever discovered, according to the Rapaport Group, which auctioned the stone in New York on behalf of Sierra Leone’s government. The company says 59 percent of […]