Rapaport Magazine Shifts Focus to the Holidays
The September issue looks at the spending trends, gemstones, and styles shaping retail shopping this festive season.
Category: Mining
Company has enough inventory to last until 2025 and is cutting costs in the meantime, it says.
South Africa’s National Union of Mineworkers has been planning industrial action at Venetia deposit.
Company unearths 391-carat rough at Mayat mine in Yakutia.
Parties have been unable to agree on wage rise after four months of negotiations.
Slowdown in demand also impacted average price, according to miner.
Lower average price and faltering demand lead to 28% drop.
Discovery follows that of 1,080ct. diamond earlier this month.
Operations at Gahcho Kué, Ekati and Diavik continue unhindered.
Revenue down 39% year on year in second quarter.
Dubai auction brings in $48.6 million.
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