Data submitted by the Center for examination, assessment and certification of the country (Centre for Expertise, Appraisal and Certificate , CEEC) at a mining conference in Cape Town found that the production volume last year was the lowest since 2007, when the country was again allowed to export diamonds according to the rules of the Kimberley process.
The highest volume of diamond mining in the DRC accounted for in 2007, when it amounted to 28.2 million carats, while in 2008 it reached only 21.3 million carats despite the global economic downturn, which was reflected in the diamond industry.
CEEC data also showed that the diamonds brought $ 212.5 million of the DRC in 2016 versus $ 230 million a year earlier.
DRC is the third largest producer in the world by volume of diamond and provides about 13% of world production, including industrial diamonds.
Nevertheless, the quality of the diamonds is very low in the country since the diamond industry is composed mainly of small-scale miners.
It is believed that the large-scale extraction of diamonds from alluvial deposits of approximately 700,000 miners comes from 1981, when due to the new law, state-owned diamond company Miniere de Bakwange (MIBA) has been forced to open almost all of its concession to artisanal diamond mining.
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Swiss watch exports to Singapore, the United Arab Emirates, South Korea and Taiwan also fell sharply, as watches from steel and precious metals enjoyed weaker demand, which outweighed the increased consumption of bimetallic watches.
Meanwhile, the supply of watches to Europe proved to be stable and grew for the tenth month in a row. Most of the European markets, especially Germany and Italy, have contributed to this growth. - said in a statement of the Swiss federation. Swiss watch exports to Singapore, the United Arab Emirates, South Korea and Taiwan also fell sharply, as watches from steel and precious metals enjoyed weaker demand, which outweighed the increased consumption of bimetallic watches. Meanwhile, the supply of watches to Europe proved to be stable and grew for the tenth month in a row. Most of the European markets, especially Germany and Italy, have contributed to this growth. - said in a statement of the Swiss federation. Swiss watch exports to Singapore, the United Arab Emirates, South Korea and Taiwan also fell sharply, as watches from steel and precious metals enjoyed weaker demand, which outweighed the increased consumption of bimetallic watches. Meanwhile, the supply of watches to Europe proved to be stable and grew for the tenth month in a row. Most of the European markets, especially Germany and Italy, have contributed to this growth. Meanwhile, the supply of watches to Europe proved to be stable and grew for the tenth month in a row. Most of the European markets, especially Germany and Italy, have contributed to this growth. Meanwhile, the supply of watches to Europe proved to be stable and grew for the tenth month in a row. Most of the European markets, especially Germany and Italy, have contributed to this growth.
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