Diamond Trading Company

Type: Company
Name: Diamond Trading Company
First reported Oct 20 2014 - Updated 20 hours ago - 1 reports

Between a rock and a rough surface: Africa’s woe as it seeks to cut, polish diamonds

De Beers said in its inaugural Insight Report, which was released last month that the global diamond cutting and polishing sector remains fragmented, with midstream companies under pressure from a mishmash of increasing costs in the upstream, the availability ... [Published Rough Polished - Oct 20 2014]
First reported Oct 16 2014 - Updated Oct 17 2014 - 1 reports

Namibian PM calls for more rough diamond supplies to local factories

Namibian Prime Minister Hage Geingob said the Namibia Diamond Trading Company (NDTC) should supply more rough gems to local diamond manufacturers.Local diamond cutting and polishing companies receive 10 percent of gems produced in the country annually ... [Published Rough Polished - Oct 16 2014]
First reported Oct 13 2014 - Updated Oct 14 2014 - 1 reports

De Beers raises diamond prices by 3-5%

In a major setback for Indian diamond processors and upbeat consumers alike, Diamond Trading Corporation (DTC), the online auctioning arm of London-based De Beers, one of the world's largest diamond miners and suppliers, has raised rough diamond prices ... [Published Business Standard India - Oct 13 2014]
First reported Oct 13 2014 - Updated Oct 13 2014 - 1 reports

Nicked diamond: Namdeb admits it was an “inside job”

Namdeb, which is a joint venture between De Beers and the Namibian government, has admitted that the theft of a 78-carat diamond at its laboratory in Oranjemund last August was an “inside job”.The Namibia Diamond Trading Company reported the theft after ... [Published Rough Polished - Oct 13 2014]
First reported Oct 12 2014 - Updated Oct 12 2014 - 1 reports

GJEPC issues strong ‘statement’ rebutting media claim of pessimistic mood in the industry

The Gem & Jewellery Export Promotion Council of India (GJEPC) has rebutted the news items carried in various publications on the closure of Antwerp Diamond Bank and its effect on the Indian diamond industry and diamantaires offering discounts of 5%-2 ... [Published Rough Polished - Oct 12 2014]
First reported Oct 09 2014 - Updated Oct 09 2014 - 1 reports

Geingob Wants More Local Rough Gems for Factories

MORE local rough diamonds should be supplied to local processing and cutting factories, Prime Minister Hage Geingob said on Tuesday during a briefing by diamond industry executives.Currently based on an agreement between De Beers and the government, 10% ... [Published AllAfrica.com - Oct 09 2014]
First reported Oct 07 2014 - Updated Oct 08 2014 - 2 reports

Only 10 percent of Namibian diamonds processed locally – Official

Namibia Diamond Trading Company (NDTC) chief executive Shihaleni Ndjamba has revealed that only 10 percent of the Namibian diamonds is sold locally while the rest is exported to De Beers Marine operation centre in Botswana.Briefing Prime Minister Hage ... [Published StarAfrica.com - Oct 08 2014]
First reported Oct 07 2014 - Updated Oct 07 2014 - 1 reports

Polished Diamond Prices Decline in September

RAPAPORT... PRESS RELEASE, October 7, 2014, New York ... Polished diamond prices fell in September as manufacturers were placed under increased pressure by tight liquidity and large inventories. There is steady U.S. and Chinese diamond demand but buyers ... [Published Rapaport News - Oct 07 2014]
First reported Oct 01 2014 - Updated Oct 01 2014 - 1 reports

Diamond Trading Begins Today On Istanbul Stock Exchange

DIAMONDS JEWELRY DIAMOND PRICES NEWS FORUMS COMMUNITY SERVICES MY IDEX (October 1, '14, 6:25 Albert Robinson)(IDEX Online News) – Diamond trading began today on the Istanbul Stock Exchange with initial trading volume of $284,000, according to the Turkish ... [Published Idex Online - Oct 01 2014]
First reported Sep 24 2014 - Updated Sep 24 2014 - 1 reports

Antwerp Diamond Trading Power Hurt by Bank Exit: Gemdax

Sept. 23 (Bloomberg) -- Anish Aggarwal, a partner at Antwerp-based industry consulting firm Gemdax, comments on the exit of Antwerp Diamond Bank. He speaks with Bloomberg's Andrew Clapham. (Source: Bloomberg) ... [Published BusinessWeek - Sep 24 2014]
First reported Sep 20 2014 - Updated Sep 20 2014 - 2 reports

Diti Discusses Gold vs Platinum Jewellery - What to Choose?

Mumbai, Maharashtra -- ( ReleaseWire ) -- 09/19/2014 -- Gold vs Platinum AppearanceThe main distinguishing physical characteristic between gold and platinum is color. While platinum is naturally white, gold is naturally yellow. If one want a ring, then ... [Published SBWire - Sep 20 2014]
First reported Sep 19 2014 - Updated Sep 19 2014 - 3 reports

Lazare Kaplan Intern'l : Darlings of the Diamond Empire

A NAMIBIAN empowerment scheme aimed at supplying rough diamonds worth billions of dollars to beef up the local diamond industry appears overwhelmingly to serve the interests of individuals close to state power.An amaBhungane investigation showed that ... [Published 4 Traders - Sep 19 2014]

Quotes

"A fair portion of diamonds is imported for cutting and polishing and South African manufacturers have to pay 40 percent value-added tax on those diamonds,” said Blom."
"It’s not sustainable that 90 percent of the rough diamonds are sent out of the country" he said
...CEO Philippe Mellier cautioned that, despite many positive signals, the "industry will continue to lose ground to other categories if it does not invest significantly in production, marketing and technology" . The CEO of Anglo American, the 85% owner of De Beers, Mark Cutifani , has indicated he would be interested in disposing of the diamond company...
"We regret the loss. It is a police case now and no arrests have been made so far" said Zaamwani-Kamwi

More Content

All (31) | News (30) | Reports (1) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Between a rock and a rough surface: Africa’s wo... [Published Rough Polished - Oct 20 2014]
Namibian PM calls for more rough diamond suppli... [Published Rough Polished - Oct 16 2014]
Petra Diamonds : ROUNDUP - Diamonds regain thei... [Published 4 Traders - Oct 14 2014]
Nicked diamond: Namdeb admits it was an “inside... [Published Rough Polished - Oct 13 2014]
De Beers raises diamond prices by 3-5% [Published Business Standard India - Oct 13 2014]
GJEPC issues strong ‘statement’ rebutting media... [Published Rough Polished - Oct 12 2014]
Geingob Wants More Local Rough Gems for Factories [Published AllAfrica.com - Oct 09 2014]
Only 10 percent of Namibian diamonds processed ... [Published StarAfrica.com - Oct 08 2014]
Arms deal ‘raped’ SA – Terry Crawford-Browne [Published Citizen.co.za - Oct 08 2014]
Only 10 per cent of Nam diamonds remain in the ... [Published Namibia Press Agency - Oct 07 2014]
Polished Diamond Prices Decline in September [Published Rapaport News - Oct 07 2014]
Khama’s 48th anniversary Independence message [Published Mmegi Online - Oct 01 2014]
Diamond Trading Begins Today On Istanbul Stock ... [Published Idex Online - Oct 01 2014]
Botswana digs deep [Published Global The International Briefing - Sep 29 2014]
EGL International Clarifies Position Following ... [Published Idex Online - Sep 28 2014]
Antwerp Diamond Trading Power Hurt by Bank Exit... [Published BusinessWeek - Sep 24 2014]
Tsodilo Resources Limited Acquires rights to BK... [Published 4 Traders - Sep 22 2014]
Diti Discusses Gold vs Platinum Jewellery - Wha... [Published SBWire - Sep 20 2014]
Diti Discusses Gold vs Platinum Jewellery - Wha... [Published Digital Journal - Sep 20 2014]
Lazare Kaplan Intern'l : Darlings of the Diamon... [Published 4 Traders - Sep 19 2014]
Namibia: Darlings of the Diamond Empire [Published AllAfrica.com - Sep 19 2014]
Diamonds are Swapo's best friends [Published Mail & Guardian Online - Sep 19 2014]
EGL USA Says Delisting is ‘Disservice to Industry’ [Published Idex Online - Sep 17 2014]
Delisting of EGL Grading Reports Causes Controv... [Published Idex Online - Sep 15 2014]
Let’s keep fingers crossed for our netball ladi... [Published New Era - Sep 15 2014]
Some African leaders compromised - Rawlings [Published Namibian Sun - Sep 12 2014]
Market Comments 9/11/2014 [Published Rapaport News - Sep 11 2014]
Police hunt £3.5 million diamond after it 'disa... [Published Telegraph - Sep 05 2014]
Digging the dirt on the diamond trade [Published Socialist Worker - May 06 2014]
The war business is out of control [Published Politicsweb - Nov 25 2012]
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