Botswama production cut after fall in Russian spending

De Beers had already suspended mining in South Africa in December and early January and has instituted voluntary layoffs in Namibia, given the sudden drop in sales of polished diamonds of about 20 per cent. Tom Tweedy, a company spokesman, said that it was the prudent thing to do.Last year De Beers, which controls 40 per cent of the global trade, invested ￡42million ($92.6 million) in setting up the Diamond Trading Company Botswana to develop the country's potential and create what was intended to be the world's largest rough diamond sorting and valuing operation. Those plans are on hold. Workers at the mine that will remain closed are being offered voluntary early retirement and special leave packages.
This year Angola - which has huge untapped supplies - called off a planned international meeting of diamond producers and dealers,. Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,womens accessories,jewellery rings,gold jewellery,women's jewellery.You can wholesale jewellery. citing the global financial crisis, which has sapped the appetite for any new investment in the sector.The American market, the traditional home for half of all gem diamonds globally, has collapsed and it may take many years before it rebounds. This could lead to a drop in rough diamond exports of as much as 60 per cent. Tiffany,. The idea that a small Necklace is dangerous to patients is at best absurd. the luxury jewellery retailer, said that sales for the holiday season had dropped by more than 24 per cent and further drops were likely.. fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.Je
The downturn in the diamond industry and a slump in the prices of gold and platinum resulted in the South African economy shrinking for the first time in a decade. Gross domestic product fell by 1.8 per cent in the last three months of 2008 from the previous quarter. This week Lonmin, the world's third-biggest platinum producer, added to the woes by cutting 5500 jobs at two South African mines. The country's gold production fell by 13.6 per cent,The chanel jewelry is one of the hottest brands among the Hollywood elite. to the lowest level since 1922, recent figures show.