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This allows Debswana to proceed mining its Botswana property for the following 25 years and requires De Beers to invest billions in underground expansion. At current Russian tough is flowing to the chopping centres and despite the present market and prices being forced downwards, there are stories that around 70 per cent of ‘normal’ volume is currently being sold – principally to India. The exception was within the smaller and cheaper ($US100 per carat and below) rough diamonds to keep the Indian factories operational.
“Japan is considered one of the largest luxurious markets on the earth,” says Nayla Hayek, CEO …
