Diamond Market Splits as Lab-Grown Diamonds Rise

The diamond market is splitting into two sectors: the real diamond market and the Lab-Grown Diamonds (LGD) sector, the chairman of Botswana Diamonds said today in a market filing.\'A 10% cut in retail demand ignores the fact that 90% of the demand remains. Inventories decline. Interest rates decline, and credit loosens. This is where the diamond market is now. Green shoots begin to appear.\'The structural effect of LGD will wipe out a percentage of the diamond market previously held by miners.

How serious the loss will be has yet to be estimated, but the LGD sector has its own problems,\' chairman John Teeling said.Teeling added that \'the current massive disruption and dislocation in the traditional diamond industry will pass. \'The company had \'a number of very exciting and prospective projects\' that await finance.\'The only true lie detector in exploration is a drill hole,\' he finished.Metals One said the company\u2019s Råna project (nickel, copper, cobalt) partner and operator, Kingsrose Mining, has received all analytical results from the 2024 core drilling program at the project, where a total of 706m was drilled across three holes at the Rånbogen prospect.The Råna Project is currently 39% owned by Metals One.Drilling tested a previously undrilled zone of outcropping massive sulphide located 600m northwest of the sulphide zone intercepted at Rånbogen in 2023, which returned 26.2m at 0.7% Ni, 0.2% Cu and 0.06% Co from 169.0m

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

De Beers' Historic Price Reduction Signals Diamond Market WoesDe Beers, the world's largest diamond producer, has implemented significant price cuts as the diamond market faces challenges from synthetic diamonds and weakening demand.
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »

Currie's 'diamond' approach to transfer market as he shares recruitment strategyPortadown's stellar season continued on Saturday with a 2-0 win over Cliftonville
Fuente: BelfastLive - 🏆 16. / 77 Leer más »

Burgundy banks more cash from diamond sales, still awaits market turnaroundCEO remains adamant diamond prices are due for a positive correction
Fuente: MiningOnline - 🏆 117. / 51 Leer más »

China Dominates Global Auto Market: EVs and Market Share GainsChina has rapidly ascended to become the world leader in car production and exports, particularly in electric vehicles (EVs). The country's market share has surged from 1% to 39% in two decades, fueled by government investment, automation advancements, and a booming domestic market.
Fuente: OilandEnergy - 🏆 34. / 68 Leer más »

Smithfield Meat Market and Billingsgate Fish Market to Close After 800 YearsThe City of London Corporation has decided to end the operations of Smithfield meat market and Billingsgate fish market, both of which have operated for over 800 years. The corporation has opted for financial compensation to traders and a formal end to its interest in relocating the markets.
Fuente: DailyMailUK - 🏆 7. / 90 Leer más »

Market Dray Market Hosts Late-Night Christmas ShowcaseMarket Dray Indoor Market collaborates with local makers and artisans for a festive evening of shopping and craft workshops from 5:30 pm to 8:30 pm on December 5. The event aims to offer post-work Christmas shopping opportunities and celebrate local talent.
Fuente: ShropshireStar - 🏆 98. / 51 Leer más »