Category archives for: Markets

Financial Markets Conference Dubai challenges industry experts to brace for change

ICA Conference in Dubai to address the rise of populism in the West, the importance of GCC sovereign wealth funds and the sharing economy     A leading economic macro analyst has called for a “Mini Marshall Plan” to help the Middle East push up economic growth and reduce dependency on commodities.   photo caption: […]

Saudi Aramco signs $4.5bn contracts for mega oil and gas projects

Saudi Aramco signed eight agreements with service contractors for oil and gas mega projects.   Saudi Aramco recently signed agreements with several oil and gas service contractors for oil and gas mega projects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localise domestic content. The agreements are valued at […]

Euronews Interview avec Xavier Bettel

Premier ministre du Luxembourg vendredi 10 novembre à 20:45 CET   „Mon pays n’est peut-être pas le plus grand du point de vue de la taille, mais du point de vue des infrastructures digitales, il fait partie des pays à la pointe.“ Dans le cadre de sa couverture du WebSummit 2017 à Lisbonne, dont Euronews […]

Vedanta, Adani may bid for $9 billion Indian diamond mine left by Rio

Indian resources conglomerates Adani and Vedanta are considering bidding for a $9 billion diamond project in the country that was abandoned by global miner Rio Tinto this year, according to multiple sources with knowledge of the matter.   The central state of Madhya Pradesh was likely to invite bids in the first week of November […]

DMCC’s Dubai Diamond Conference concludes

The second day of the Dubai Diamond Conference 2017 (‚DDC 2017‘) under the theme ‚Shaping the future of an interconnected marketplace‘ organised by the Dubai Diamond Exchange (‚DDE‘), a DMCC (‚Dubai Multi Commodities Centre‘) platform, provided participants with a huge amount of food for thought.   The official launch of the Nemesis International diamond cutting […]

Synthetic diamonds need to be regulated

The increasing penetration of synthetics, limited marketing of real diamonds, and changing customer preferences have all led to an increased volatility in the diamond industry, experts at the Dubai Diamond Conference 2017 noted.   While the diamond trade is unlikely to be largely affected by the penetration of synthetic diamonds, the focus should remain on […]

Firestone Diamonds sales include 45 carat white stone

Firestone Diamonds has sold a total of 195.330 carats of diamonds for the quarter ended 30 September 2017, including a 45 carat white stone worth just below US$1 million at its Liqhobong Mine.   This is the second diamond of its kind unearthed at the mine. According to the diamond miner, the fourth quarter sales […]

The Diamond Empowerment Fund donates $130K to Botswana program

The Diamond Empowerment Fund (DEF) has presented a $130,000 check to the Botswana Top Achievers program for outstanding scholars who can make a contribution to the country’s economic development.   The ceremony was held at Botswana’s mission to the United Nations earlier this month. The grant will be used to continue supporting Botswana youth through […]

Tsodilo’s diamond and metals projects

Major financiers and Lucara to advance Tsodilo Resources Ltd. [TSD-TSXV] holds a Prospecting License for the BK16 diamondiferous kimberlite pipe located in the prolific Orapa Diamond Field in Botswana.   The diamond mines in Botswana have produced an average of 27 million carats annually in the last 10 years and Botswana is the world’s largest […]

De Beers sells fewest diamonds in two years after supply cuts

De Beers sold the fewest number of diamonds since at least the beginning of 2016 after cutting supply in a stagnant market for gems.   The company, owned by Anglo American Plc, sold $370 million of diamonds in its eighth sale of the year, compared with $494 million a year earlier. It’s the smallest sale […]

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