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Jwaneng mine
Diamond Rebound to Boost Botswana Growth
Botswana’s government expects the country’s economy to return to growth next year on the back of a recovery in the diamond sector.The nation’s gross domestic product (GDP) will increase 7.7% in 2021, Thapelo Matsheka, minister of finance and...
Mining Oct 21, 2020 Rapaport News
Jwaneng
Botswana Mining Decline Hits GDP Growth
Botswana’s economic growth slowed last year due to lower rough production, further aggravated by weakness in its diamond-manufacturing sector, the nation’s central bank said last week.Gross domestic product (GDP) increased 3.7% in the 12 months...
Mining Mar 04, 2020 Rapaport News
Namibia
Namibia Predicts Diamond-Sector Slowdown
Economic growth from Namibia’s diamond-mining sector willslow this year due to depletion of resources from inland deposits, its nationalbank said. While the industry’s contribution to gross domestic product(GDP) will increase 11% in 2018, that...
Mining Jul 09, 2018 Rapaport News
De Beers Sorting
Diamond Trading Drives Botswana Growth
Botswana’s gross domestic product (GDP) grew 4.3% in 2016, mainly due to an improvement in the nation’s diamond trade, the Bank ofBotswana said last week.An increase in wholesale activity by diamond companies operating in Botswana,such as De Beers’ Global...
Rough Markets Jun 27, 2017 Rapaport News
Jwaneng Mine, Botswana
Mining Outlook Weighing on Botswana Growth
Botswana cannot rely on diamonds for economic growth even ifproduction remains stable because mining is getting more expensive and thepopulation is increasing, economists warned.“It would be a mistake to assume that ‘business as usual’ isa viable approach...
Mining Aug 16, 2016 Rapaport News
India Jewelry Consumer
CRISIL Notes 48% of Investment Grade Gem Firms are Clear of Economic Stress
India's gems and jewelry sector is not the industry that is most vulnerable to the economic issues plaguing the country, according to CRISIL's ''State of the Nation'' report. CRISIL defined the sources of economic stress as including...
Financial-Legal Sep 11, 2013 Jeff Miller
Gold Bars
RBI Panel Suggests More Curbs on Gold Imports
A panel created by the Reserve Bank of India (RBI) to study issues related to gold has recommended measures such as introducing new gold-backed financial products, designing inflation indexed bonds and prohibiting bank finance for purchases...
Financial-Legal Feb 07, 2013 Dilipp S Nag
ASSOCHAM
India’s Period of Weaker Economic Growth Nears Its Low Point
The economic slowdown in India is nearing its lowest point, but it could worsen slightly before an improvement is observed in the fourth quarter of the country's fiscal year, which ends March 31, 2013, according to an ASSOCHAM business...
Research Dec 03, 2012 Dilipp S Nag
Jewelry Sales India
Fitch Downgrades India's Retail Sector
Fitch Ratings downgraded its outlook for the Indian retail sector to “negative” from ‎‎“stable” for the second half of 2012. The agency reasoned that the recent sustained ‎deterioration in discretionary spending is unlikely to improve...
Retail Aug 08, 2012 Dilipp S Nag
Bharat Diamond Bourse
India’s Growth Expected to Slow for Fiscal 2013
India’s economic growth is expected to slow to around 6 percent to 6.3 percent in fiscal 2013, according to an ASSOCHAM survey of economists and industry leaders.‎ Growth is being impacted by the a decrease in industrial growth and its impact on the ‎service...
Financial-Legal Aug 06, 2012 Dilipp S Nag
unity sm
Unity Notes Cautious Consumer Spending Ahead
Unity Marketing's proprietary Luxury Consumption Index (LCI) shows ambivalence on the part of the affluent U.S. consumer, households with an average income of $274,900. Present trends from the LCI will likely translate into more...
Retail May 11, 2012 Jeff Miller
Polished Diamonds
U.S. Feb. Polished Diamond Exports Set a Record High
U.S. polished diamond imports during the month of February rose 29 percent to $1.625 billion. Polished diamond exports though hit a record high for the month of February at $1.507 billion, a 56 percent year on year increase. February's...
Polished Markets Apr 12, 2011 Jeff Miller
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