RapNet


Rapaport News

 

Mining

 

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail

Diamond News Broadcast

Analysts expect mixed results for Christmas; Crossworks Manufacturing opens new facility in Canada.
Oct 14, 2009 7:00 PM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT...  View the major U.S. retail sales predictions for Christmas season side-by-side in this broadcast. Remember though, even in a down economy, news is not all bad. Consumers are expected to spend more than $440 billion, which is a healthy amount under any circumstance.

Crossworks Manufacturing opened a new diamond polishing facility in Sudbury, Ontario, Canada. Crossworks Manufacturing is a member of the SunDiamond HRA Group. The new factory will be polishing diamonds from the De Beers Canada Victor mine. Crossworks won the right in  November 2008 to  10 percent of the unaggregated rough diamonds from Victor.

The facility will employ 27 polishers and offers a new opportunity in Ontario to succeed in the secondary diamond industry. “The diamonds that originate from the Victor Mine are some of the most spectacular in the world and they will be cut and polished in Ontario. We have a strong history of polishing in Canada and I can promise that our new facility in Sudbury will be an amazing success,” said Uri Ariel, president of Crossworks and the HRA Group of Companies.

“These diamonds offer an amazing opportunity for Ontario and Canadian retailers to market premiere diamonds that are mined, cut and polished in Ontario,” said Dylan Dix, marketing director of HRA. Dix speaks of the opening and shares market conditions from the pipeline in this broadcast.

 

Tags: Consumers, De Beers, De Beers Canada, Economy, Manufacturing, Polishing, Victor Mine
Similar Articles
Rough diamonds in Calgary offices De BeersDe Beers Notes Recovery Ahead of Holidays
Oct 22, 2020
De Beers’ sales and production rebounded in the third quarter as the...
Petra to Offer Collection of Blue Diamonds at Tender
Rio Tinto to Sell Final Argyle Specials
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us