Diamond prices continue to rise this year, said CEO Sihaleni Njabu (Sihaleni Ndjaba) in an interview with The Namibian local newspaper.
"The situation is very healthy due to high demand," - he said, but did not provide specific figures.
Sales and marketing manager Eusebio Ndtc Brent (Brent Eiseb) said that the impact of the international economy in the diamond market is the key to its development.
According to him, the US market represents 40% to 45% of global demand. Also in 2015, the US diamond market grew by 4%, he added.
China, he said, also showed positive results, whereas in India are continuing problems.
According to Eusebius, the downturn in 2015 led to a "swelling inventories" NDTC customers, and this meant that they were unable to regularly buy rough diamonds from the company, because they have, and so it was an excessive amount of raw materials.
"In 2016, we have seen much more stability in terms of both diamonds and diamond jewelry. It was a record year in terms of sales through the beneficiation system.", - he said.
"We expect that 2017 will also be stable in terms of demand," - continues to Eusebio.
NDTC, reportedly sold rough diamonds worth $ 26 billion to local companies engaged in cutting and polishing, with the start of sales through the system of beneficiation in 2007.
http://www.feedlisting.com/rss-feed-url/898219.html
1 comment:
The De Beers reported that diamond mining company in the fourth quarter of 2015 fell by 16% to 7.1 million carats compared to 8.4 million carats in the same period of 2014.
In a statement the company said that the decline reflects the company's decision to reduce production in response to current market conditions.
Last year, the diamond market was in difficult conditions due to reduced liquidity, a stronger US dollar and due to the slowdown of the Chinese economy.
Meanwhile, extraction of De Beers Diamond increased by 17% compared with the third quarter of 2015, when it was 6 million carats of increasing the content of diamond Orapa shaft (Orapa), and as a result of planned annual 6-day break in processing of rocks on the project in Venice (Venetia) in the third quarter.
Botswana unit diamond giant Debswana extracted in the fourth quarter 21% less diamond or 4.7 million carats, due to lower processing volume rocks on Jwaneng (Jwaneng) and Orapa.
In late December, the company announced the Debswana mines conservation Damtsha (Damtshaa) from January 1 this year.
Meanwhile, extraction of De Beers Consolidated Mines in South Africa rose to 1.5 million carats.
During the quarter, production at Kimberley (Kimberley) and Vurspoed (Voorspoed) grew, although they resulted in only a small share in the total production level.
Kimberley Mines was last week finally sold Ekapa Minerals.
The De Beers noted that at Venice mine diamond production decreased due to reduction of volumes of rock processing.
Being added to the diamond company, diamond mining in Namibia dropped 18% to 0.4 million carats because of the extraction of diamonds on zones with less of their contents.
Mining companies in Canada also fell by 8%, to 400 000 carats. This was due to reduced activity of several mine Victor (Victor) and a lower content of diamonds Snap Lake (Snap Lake).
In December, De Beers put mine on the Snap Lake conservation.
Meanwhile, in the fourth quarter volumes of De Beers diamond sales totaled 3.6 million carats, compared to 3 million carats in the third quarter of 2015.
According to the company, these indicators reflect weaker market conditions and higher levels of inventory in the diamond cutting segment.
Post a Comment