A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.
Belgium Mining News
So far, no legal action has been taken against people allegedly involved in diamond-related corruption.
Despite claims of fraud in the July election that kept President Robert Mugabe in power.
Stocks at the world’s top steelmaker by sales, ArcelorMittal (NYSE:MT), were down 1.71% at 10:09 am ET this morning after the company announced Wednesday a $3.7 billion net loss for 2012.
The West Antarctic Ice Sheet is warming at three times the global average. Would this open the door for mining?
Gangsters are targeting affluent Gujarati businessman in the traditional European diamond trading capital of Antwerp.
Firestone Diamonds (LON:FDI) announced Thursday that it has partnered up with First Element Diamond Services and opened a new tender facility at the Antwerp World Diamond Centre, in Belgium.
The creative department at ADT Home Security Services produced the following infographic, depicting some of the largest diamond, cash and art-related crimes around the world in recent times.
Belgium imported $1.41 billion worth of rough diamonds in May and exported $1.47 billion in goods, rising 99.3% and 71.7% respectively, according to figures released by the AWDC on Thursday.
Belgian group Umicore (UMI.BR: Quote) forecast improved earnings this year due to strong demand for its automotive catalysts and improved supply for its precious metal recycling business. The metals and speciality materials maker said on Tuesday it expected 2011 operating profit (recurring earnings before interest and tax) to rise to 400-425 million euros ($559-$594 million) from 342 million last year.