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De Beers, part of global mining group Anglo American, is to sell more of its diamonds mined in Namibia to local cutters and polishers rather than abroad.The agreement provides further evidence of how African governments are seeking to take a bigger share of the money earned from their natural resources.Neighbouring Botswana, the world’s largest diamond producer, negotiated a deal with De Beers in 2011 to sort, value and sell diamonds domestically rather than in London

Source: De Beers to sell more Namibia diamonds to domestic manufacturers | Reuters

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Image via PeopleA $33,000 diamond engagement ring went missing from a David Yurman store in North Carolina recently and the police believe Doris Payne is responsible, People reports. Payne is an 84-year-old woman and one of the most infamous jewel thieves in the world.

Source: 84-Year-Old Jewelry Thief Steals $33k DIamond Ring | Complex

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Alrosa H1 Production +13% to 18 million Carats

(IDEX Online News) – ALROSA today (Tuesday) announced that its first half production totalled 18 million carats, an increase of 13 percent year-over-year. At the Karpinskogo-1 pipe of the Lomonosov deposit (Severalmaz), diamond outputincreased to 600,000 carats after production began in October 2014. Source: Alrosa H1 Production +13% to 18 million Carats

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Diamonds.net – ALROSA’s 1H Rough Diamond Sales Drop 22%: Quick Take

RAPAPORT… ALROSA sold 18 million carats of rough diamonds for $2.1 billion in the first half of 2015, representing a significant decline from a year earlier. The mining company sold 21.1 million carats for $2.7 billion in the first six months of 2014. Source: Diamonds.net – ALROSA’s 1H Rough Diamond Sales Drop 22%: Quick Take

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Diamonds.net – De Beers Sightholders Reject Most Goods at $200M Sight

The size of this year’s July sight is the lowest amount for De Beers sixth sight of the year going at least as far back as the global financial crisis in 2009 according to Rapaport News estimates. Sightholder sentiment similarly reached a nadir not seen since the financial crisis at the turn of the previous […]

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Special notified zone expected to boost small units – The Times of India

Vipul Shah, CEO of a company, said, “Things will be clear when the diamond mining companies set up their offices in August. They are awaiting clarity from Central Government on tax benefits.” Source: Special notified zone expected to boost small units – The Times of India

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