Tanzanite prices and demand 'stable'

By Citizen Reporter, Arusha

Stakeholders in the tanzanite industry say the price of the precious gemstone found only in Tanzania is stable and competitive on the world market.

They said in an interview here yesterday that demand for larger, better quality precious stone was still strong.

However, they admitted that there was a slight drop in price for smaller stones on the world market, but demand and prices for larger ones were still strong.
The stakeholders were reacting to reports that the price of tanzanite on the world market has dropped More...


[SOURCE: THE CITIZEN]

De Beers calls it quits at Mwadui Diamonds

2008-09-10 10:02:53
By Guardian Reporter

Williamson Diamonds Limited`s all-time majority shareholder, De Beers, yesterday concluded a deal that saw its entire 75 per cent stakes changing ownership to Petra Diamonds Limited (Petra).

The transaction earned De Beers, which has operated its interests at WDL through Willcroft Company Limited in a joint venture with the government of Tanzania over the past 50 years, an instant USD10 million (about 11.7bn/-). More...


[SOURCE: THE GUARDIAN]