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Creamer Media's Diamond Mining in Southern Africa 2011

Creamer Media, Nov 2011, Pages: 47


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Much to the relief of the global diamond market, the diamond trade is at long last starting to show signs of revival, following the crippling global economic crisis of 2008/9. While 2010 was not a painless year for the diamond sector, given the structural issues that continued to afflict already stressed-out markets the world over and the, as yet, unanswered questions about the sustainability and the resilience of the global economy, the industry is, nonetheless, in a far better position than it was at the start of the financial crisis. Debt levels in cutting and polishing centres have been brought down to more controllable levels and diamantaires have done well in rebalancing their inventories – as a result rough diamond prices have rebounded and exceeded precrisis highs, with strong demand growth. This report discusses the world diamond market, with a particular emphasis on diamond-mining activities taking place in Southern Africa, and provides information on key companies, operations and projects.


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