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FORTNIGHTLY MARKET REPORT
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Mumbai Market Has Eye on Hong Kong Show - There are many overseas and domestic buyers in the market and there is a clear demand for goods, but transactions have been slowed considerably due to the differences in asking and offering prices. The 5-7% increase in the price of rough diamonds at the February De Beers Diamond Trading Company (DTC) sight is the main factor in sellers’ insistence on higher polished prices.
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From Blood Diamonds to Fishponds
What started as a pilot project has developed into a mature project and replicable model for other programmes. We anticipate additional partners joining us in strengthening the project in CAR andpossibly expanding to other countries.”
Five years ago, Berthe Yadjo and her family had a very different life and livelihood. Her husband, like most artisanal miners in the Central African Republic (CAR), would search for a new site to mine and begin to dig quickly. When he discovered diamonds, he would sell them to the first buyer at the first price offered. This process would repeat itself until the mine was exhausted, and then the family would move on to the next mine. The Yadjos lived in fear that at any time a rival miner or the government would confiscate the mine, and that diamonds would be stolen before they could sell them. At the same time, the family struggled daily to meet its basic needs.
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