Kimberley Diamonds said that the mining operations at the diamond mine Lera (Lerala) in Botswana, which is done by an outside contractor Basil Read, was temporarily suspended.
The company reported that its mining operations so far exceeds the capacity of the processing facility, and for this reason have developed into large piles of rock.
"As a result, the company has asked Lerala Basil Read to temporarily suspend its activities in Q3 kimberlite pipe in order to reduce those stocks to reasonable levels", - the company said.
"Basil Read is now temporarily suspended all mining operations until further notice, however, loading the ore processing facility continues," - he added in the Kimberley.
The company said that the company continues to breed processing and produces diamonds every day. Kimberley expects that the suspension of mining operations will continue for approximately three to four months or as long as supplies dwindle and production will need to be renewed.
"This is a measure to save costs, while at the Lera implemented a plan to improve performance is expected, it will not affect the planned production volumes.", - concluded the Kimberley.
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According to preliminary government data, polished diamond imports in the US decreased by 4% in 2015, to $ 23.1 billion, with a certain slowdown in trade was recorded by the end of the year, Rapaport reports portal. By volume, polished imports fell by 5%, to 11.125 million carats as the average price of imported into the country of stones increased by 1%, to $ 2076 per carat.
The largest supplier of diamonds was Israel, while imports from that country fell by 10% to $ 8.32 billion. Imports of stones from India declined by 3%, to $ 7.37 billion, while shipments from Belgium decreased by 6% to $ 3.69 billion.
US exports of polished diamonds declined by 12%, to $ 18.32 billion, respectively, net imports (imports minus exports) reached $ 4.78 billion, jumped by 53% compared with the previous year. This means that the US, which is the world's largest consumer market for diamonds, for the year showed an increase in net demand for diamonds, Rapaport calculations show.
Rough imports in U.S. fell by 44% to $ 306 million and export diamond decreased by 48% to $ 192 mn. Net import diamond decreased by 37% to $ 114 Mill.
The balance of the diamond trade, representing the difference between the total import and export of rough and polished diamonds increased by as much as 48%, to $ 4.89 billion, signaled for a net growth of diamond consumption in the country in 2015.
By year-end diamond trade has slowed down, and in December, imports fell by 13% year on year, to $ 1.63 billion, while its exports decreased by 9% to $ 1.26 billion. In December, the balance of US diamond trade fell 22%, to $ 377 million.
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