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    <title><![CDATA[Namakwa Diamonds Industry News Feed]]></title>
    <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews]]></link>
    <description><![CDATA[Industry News]]></description>
    <language><![CDATA[en-gb]]></language>
    <copyright><![CDATA[Copyright 2010 Namakwa Diamonds. All rights reserved.]]></copyright>
    <lastBuildDate><![CDATA[Thu, 27 Mar 2008 18:07:30 +0000]]></lastBuildDate>
    <pubDate>Thu, 27 Mar 2008 18:07:30 +0000</pubDate>
    <category><![CDATA[Feeds]]></category>


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        <title><![CDATA[De Beers Executive Sees Signs of Diamond Market Revival]]></title>	
			<description><![CDATA[ De Beers sees recovery in the global diamond market, and the company&rsquo;s mines in Botswana are now running at 80 percent capacity. This is despite the fact that consumers are not yet buying polished diamonds in the amounts they were before the economic collapse.  &ldquo;Consumption has not improved to anywhere near the levels that we are accustomed to ... but the abrupt rate at which it [spending] was dropping has started to stabilize,&rdquo; Sheila Khama, chief executive...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=68]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>20 Oct 2009 12:09:41 GMT</pubDate>
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        <title><![CDATA[Chinese diamond demand puts gleam back into gem trade]]></title>	
			<description><![CDATA[   Download the PDF document here  (57 Kb PDF)  By James Pomfret   Diamonds may have lost their lustre for many in the economic downturn, but China's legions of wealthy, status-conscious customers are helping the precious gem trade glow again.  Imports of polished diamonds to the U.S., the world's biggest diamond market, roughly halved in the first six months of the year but China's grew nearly 13 percent to $300 million, helping buttress the global diamond trade at a critical...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=59]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>20 Oct 2009 10:42:04 GMT</pubDate>
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        <title><![CDATA[Retail Forward Expects Flat Retail Sales in 4Q]]></title>	
			<description><![CDATA[ Retail sales in the U.S. are expected to fall flat in the fourth quarter of 2009 compared with one year ago, according to Retail Forward. The research and consultancy firm noted that with sales on par with 2008, the holiday season will rank as the second-worst experienced in 42 years when measured in terms of growth rates. Retail Forward did, however, conclude that sales improvement would gain strength in 2010 and should approach long-term average growth rates by the...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=67]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>24 Sep 2009 12:04:33 GMT</pubDate>
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        <title><![CDATA[Recycling Diamonds]]></title>	
			<description><![CDATA[ The economics of our industry are sometimes mind-boggling. Rough diamond prices are rising again, but consumers have yet to return to the market. Bankers warn that they don't see &quot;new&quot; money coming into the system yet. Most commercial activity is inter-trade going from one merchant to the other. The Hong Kong Jewellery &amp; Gem Fair brings more hype than action.&nbsp; As analysts, we are constantly monitoring the demand drivers in our industry. We always search...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=66]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>24 Sep 2009 12:00:01 GMT</pubDate>
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        <title><![CDATA[Cartier expects China to become its No 1 market]]></title>	
			<description><![CDATA[ French jeweller Cartier expects China to become its biggest market over the next few years.  Bernard Fornas, president and CEO of the company, told China Daily that China &ndash; which is currently its fourth largest market worldwide &ndash; said robust demand from the country&rsquo;s nouveau riche could propel China to become its number one market in three to four years&rsquo; time.  This potential, he said, is prompting the company to further expand its presence throughout...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=65]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>22 Sep 2009 11:57:01 GMT</pubDate>
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        <title><![CDATA[Is the crisis over? A banker's perspective]]></title>	
			<description><![CDATA[ Is there a real recovery in the diamond market, and have diamantaires learned the tough lessons from the sharp fall in demand as a result of the financial meltdown which struck a year ago? Unfortunately, I do not feel able to give a positive answer to either question yet.  Firstly, I do not believe there is a recovery taking place despite the strong rises in rough diamonds that have taken place since May-June. In my...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=64]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>20 Sep 2009 11:52:06 GMT</pubDate>
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        <title><![CDATA[LVMH in the recession - The substance of style]]></title>	
			<description><![CDATA[  The world&rsquo;s biggest luxury-goods group is benefiting from a flight to quality, but the recession is also prompting questions about the company&rsquo;s breadth and balance   &ldquo;There are four main elements to our business model&mdash;product, distribution, communication and price,&rdquo; explains an executive at LVMH, the world&rsquo;s largest luxury-goods group. &ldquo;Our job is to do such a fantastic job on the first three that people forget all about the fourth.&rdquo; For decades LVMH&rsquo;s formula has worked like...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=63]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>17 Sep 2009 11:47:13 GMT</pubDate>
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        <title><![CDATA[Diamonds Rapidly Gaining Popularity In India]]></title>	
			<description><![CDATA[ The Economic Times states that India&rsquo;s domestic market is bolstering the recession-hit Indian diamond industry. According to the newspaper, diamond jewelry sales in India are expected to reach Rs 25,000 crore this fiscal year.   These estimates are significant as last year diamond sales were in the Rs 18,000-20,000 crore range. The diamond trade&rsquo;s 20% growth is being attributed to the growing popularity of diamonds along with the increasing preference for this precious stone among investors. This trend constitutes...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=62]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>13 Aug 2009 11:06:42 GMT</pubDate>
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        <title><![CDATA[De Beers looks at the bright side of crisis]]></title>	
			<description><![CDATA[  By William MacNamara   Sometimes being the king of diamonds means making sacrifices.  Watching as the financial crisis last year exposed the weaknesses of the diamond industry's peculiar, debtdependent production chain, Gareth Penny, managing director of De Beers, realised the company would have to give a lead in taking the painful steps to bring the industry out of near-paralysis.  De Beers, which controls 40 per cent of rough diamond production, shut down its most valuable African mines...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=56]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>24 Jul 2009 09:59:23 GMT</pubDate>
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        <title><![CDATA[WFDB Welcomes Creation Of International Diamond Board]]></title>	
			<description><![CDATA[ The World Federation of Diamond Bourses (WFDB) welcomes the establishment the International Diamond Board, whose mandate is &quot;to create and sustain strong consumer demand for diamonds worldwide through effective category marketing.&quot;  The establishment of the International Diamond Board is the result of the activities of a working group that met for the first time eight months ago in St. Petersburg, Russia. The working group included, among others, representatives of International Diamond Manufacturers Association, the De...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=61]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>23 Jul 2009 10:53:51 GMT</pubDate>
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        <title><![CDATA[As Shoppers Reduce Spending Jewelers Stock Lower-Priced Merchandise]]></title>	
			<description><![CDATA[ A discreet sign outside the Birks jewelry store in the Eaton Centre advises couples they can get up to $1,000 off their wedding bands if they buy a diamond engagement ring at least 0.7 carats in size. In the worst economic downturn in decades, even emotion-laden purchases such as wedding rings are being discounted. Stores of all kinds across the U.S. and Canada are feeling the impact of rising unemployment and sagging stock portfolios. An unseasonably cool,...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=60]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>17 Jul 2009 10:50:06 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamond Production Up 114%]]></title>	
			<description><![CDATA[ Namakwa Diamonds Limited&rsquo;s diamond production reached 4,200 carats in the quarter beginning 1 March 2009 representing a quarter-on-quarter increase of 114%.  Namakwa&rsquo;s mining activities in the North West region continue at the Northern Node on a cash positive basis, while all other sites in the region remain on care and maintenance.  Two DMS plants commissioned in May 2009 and full scale trial mining commenced in the DRC. Namakwa is currently the only large scale diamond mining company still active in...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=58]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>07 Jul 2009 10:07:41 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds Increases Mining Production in 3Q]]></title>	
			<description><![CDATA[  By Avi Krawitz   Namakwa Diamonds has started to ramp up its mining operations again as rough diamond prices increased over the past three months. The company reported Tuesday that production rose 114 percent to 4,200 carats in the third fiscal quarter that ended May 31, 2009, from the previous quarter, after significantly reducing output and shifting focus to its beneficiation business through the economic crisis.  Namakwa said it expects fourth quarter production to increase 39 percent to 5,850 carats, which will...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=57]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>07 Jul 2009 10:06:36 GMT</pubDate>
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        <title><![CDATA[South Africa: Commodities Strengthen Across Board]]></title>	
			<description><![CDATA[  By Charlotte Matthews   Commodities prices across the board climbed higher yesterday, after last week's sturdy gains, on a weaker dollar and hopes of economic recovery, prompting analysts to revisit their medium-term gold and base metals forecasts.  &quot;However, a deluge of economic data is expected from the US this week and has the potential to dampen the 'green-shoots' sentiment, or at least serve as a reminder of the hard work still to come,&quot; James Moore said...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=54]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>02 Jun 2009 04:05:19 GMT</pubDate>
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        <title><![CDATA[With no measure, is liquidity half-full or half-empty?]]></title>	
			<description><![CDATA[  By Tony Jackson   One of the more intractable problems to have emerged from the financial crisis is that of liquidity. In normal times, we assume an asset can be sold at its market price. Take that away, and the effects are literally incalculable.  How regulators and practitioners address that is plainly crucial. The trouble is that liquidity is hard to define and can be impossible to measure. There is even disagreement over how far it...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=55]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>10 May 2009 04:10:54 GMT</pubDate>
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        <title><![CDATA[De Beers Keeps Namaqualand Diamond Mines Open, Seeks Buyer]]></title>	
			<description><![CDATA[ By Polished Prices  De Beers is going to keep Namaqualand Diamond Mines open, though at a reduced level, and will try to sell it when market conditions improve, the company stated, Business Day reported.  Talks between Trans Hex and De Beers on a possible deal were terminated two weeks ago. &ldquo;The company is confident that in normal diamond trading conditions, and with few known new diamond resources on the horizon, and the likely growing demand...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=53]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>22 Mar 2009 11:10:13 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds Sees Opportunity in Current Market]]></title>	
			<description><![CDATA[  By Avi Krawitz   As the diamond industry continues to struggle, Namakwa Diamonds is seeing opportunities in the marketplace and is looking for assets to add to its portfolio.  &ldquo;I believe it is a good time to look for two types of assets,&rdquo; Namakwa&rsquo;s chief executive officer (CEO), Nico Kruger (pictured), said in a recent interview with Rapaport News. &ldquo;Firstly, we are looking for distressed resources from medium, small or micro cap companies that have lost...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=52]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>19 Mar 2009 11:08:14 GMT</pubDate>
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        <title><![CDATA[IDEX Online Research: Polished Diamond Prices More Stable in February]]></title>	
			<description><![CDATA[ Polished diamond prices are no longer in a free fall, according to the IDEX Online Global Diamond Price Index. After peaking last summer, polished diamond prices declined sharply beginning in October 2008, a trend that continued through January. However, while diamond prices fell during the first week of February, they leveled off for the remainder of the month.   Download the full&nbsp;article here  (98 Kb PDF) ...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=51]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>05 Mar 2009 11:02:19 GMT</pubDate>
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        <title><![CDATA[New SA diamond working group established]]></title>	
			<description><![CDATA[  By Leandi Cameron   The Diamond Council of South Africa and the Diamond Dealers Club of South Africa is putting together a strategic working group to ensure that the country&rsquo;s diamond industry stays strong in the current economic crisis.  Chairperson of both these entities, Ernest Blom, tells Mining Weekly Online that the working group is pulling together stakeholders from all corners of the industry to assist in strategic future planning.  &ldquo;We have just started with strategic...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=50]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>04 Mar 2009 10:59:31 GMT</pubDate>
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        <title><![CDATA[Diamond Fund Set to Launch]]></title>	
			<description><![CDATA[ KPR Capital Limited announces the launch of the KPR Diamond Fund. The fund offers investors a unique access to physical diamonds capitalising on the price appreciation of top quality colourless diamonds.  The Fund aims to provide returns which are not correlated with traditional asset classes, act as a hedge against inflation and benefit from the supply/demand imbalance over the long term. The fund is part of KPR Fund SPC, a Cayman Islands open-ended investment company....]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=49]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>25 Feb 2009 10:54:52 GMT</pubDate>
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        <title><![CDATA[Petra Diamonds Announces Strong Interim Results]]></title>	
			<description><![CDATA[ By Rachel Lieberman  Petra Diamonds has announced interim results for the six months ending on December 31 2008. Gross revenue from rough diamond sales came to $47.3 million, a 49% increase in comparison to $31.7 million during the six months up to 31 December 2007. Attributable revenue from rough diamond sales came to $33.8 million as compared to $31.7 million during the parallel period in 2007.  The company reported gross diamond production of 550,413 carats, constituting a 444% increase as compared to 101,213 carats during the six months...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=47]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>23 Feb 2009 10:45:00 GMT</pubDate>
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        <title><![CDATA[Gulf States Bet on Africa]]></title>	
			<description><![CDATA[  Investment Comes as Recession Threatens Cross-Border Flows    By MARGARET COKER   DJIBOUTI -- Africa may be bracing for a commodities bust, but the still-rich investors of the Persian Gulf are doubling down here.  Through the worst of the global financial crisis in recent months, Gulf investors have committed to pouring billions of dollars into sub-Saharan Africa. The timing comes just as recessions in much of the developed world, and sharply slowing growth almost everywhere else, threaten most...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=48]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>22 Feb 2009 10:50:14 GMT</pubDate>
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        <title><![CDATA[Alrosa Wants to Market Top Diamonds to Investors]]></title>	
			<description><![CDATA[ Alrosa President Sergei Vybornov wants to promote a high-end brand that offers top quality diamonds as a store of wealth, he told Russian business paper Vedomosti.  Vybornov&rsquo;s plan to market diamonds for investment purposes joins a number of such initiatives already in the market. The idea is that an exceptional diamond is a very rare commodity, and bound to increase in value over time.  &ldquo;Before the crisis, we launched a new brand and are developing...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=46]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>02 Feb 2009 10:41:58 GMT</pubDate>
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        <title><![CDATA[Petra intends acquiring 60% of Cullinan diamond mine, changing plant to recover larger stones, producing one-million carats]]></title>	
			<description><![CDATA[  By Martin Creamer   Midtier diamond-miner Petra Diamonds intends exercising its options to acquire 60% of the celebrated Cullinan diamond mine and is tweaking the plant to recover larger stones, Petra CEO Johan Dippenaar says.  Dippenaar tells Mining Weekly that Petra, now the largest diamond company on London&rsquo;s Aim with aspirations to graduate to the main board of the London Stock Exchange (LSE), has options to &lsquo;claw back&rsquo; up to 60% of the shares of the consortium that...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=45]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>30 Jan 2009 10:32:45 GMT</pubDate>
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        <title><![CDATA[LOWDOWN: Investing in junior miners]]></title>	
			<description><![CDATA[  By Martin Li   &ldquo;A hole in the ground with a liar at the top,&rdquo; is how Mark Twain once famously described a mine. A trifle harsh maybe, although many who have recently invested in mining shares might echo the sentiment. The mining sector is far from being flavour of the month. Negative sentiment is particularly acute towards junior miners in the early stages of projects and still many years from any prospect of mining let...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=44]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>30 Jan 2009 10:29:44 GMT</pubDate>
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        <title><![CDATA[Stall and Spin]]></title>	
			<description><![CDATA[ By Martin Rapaport  About 30 years ago, I learned how to pilot a single-engine aircraft, a Cessna 150 to be exact. One of the most important lessons was how to handle a stall and spin. A stall takes place when the plane heads up too sharply, loses lift from the wings, gets pulled down nose first by the heavy engine and then spins. Not a pleasant experience. You become disoriented as the earth comes rushing up to...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=43]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>28 Jan 2009 10:11:39 GMT</pubDate>
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        <title><![CDATA[Diamonds And Coloured Gemstones: Challenging Short Term, Brighter Long Term Prospects]]></title>	
			<description><![CDATA[  By: Jackie Steinitz   After a strong first half in 2008 current conditions in the diamond market are tough. Retail sales of diamonds, a discretionary purchase, have been hit by the economic crisis. The credit crunch has dried up liquidity in the diamond pipeline, which has relied heavily in the past on bank finance. Diamond stocks are high. The producers are cutting back production to support prices and conserve cash, while explorers are battling to find funding....]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=31]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>23 Jan 2009 02:29:41 GMT</pubDate>
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        <title><![CDATA[Namakwa changes selling, beneficiation strategy in weak rough diamond market]]></title>	
			<description><![CDATA[  By: Shan&eacute; Swanepoel &nbsp;  Gem-miner Namakwa Diamonds said last week that it was likely that it would put some of its mines on care and maintenance, in response to weak rough diamond prices.  Namakwa Diamonds announced last year that it was reviewing its operations in South Africa&rsquo;s North West province to improve profitability.  &ldquo;Following the completion of the review, it is likely that certain operations will be placed on care and maintenance, while others may...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=32]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>23 Jan 2009 08:49:33 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds: 2.7% Increase in diamond production in fiscal Q1 2009]]></title>	
			<description><![CDATA[ Diamond resource company Namakwa Diamonds produced 12,207 carats during the period of September 1, 2008 to January 12, 2009, a 2.7 percent increase compared to the 11,878 carats produced in the preceding quarter that ended August 30, 2008. The company, which focuses on alluvial diamond deposits in South Africa, the Democratic Republic of Congo (DRC), Namibia and Angola, also reports that cash costs for the quarter were lower at US$4.24 per ton (US$748 per carat) compared to US$5.04 per ton for the preceding quarter....]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=42]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>19 Jan 2009 09:36:08 GMT</pubDate>
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        <title><![CDATA[Analysts Give Poor 2009 Outlook for Rough Diamond Prices]]></title>	
			<description><![CDATA[ The outlook for diamond prices in 2009 is &quot;very poor&quot; with analysts forecasting the price could drop by up to 30% and that it will not recover until 2010, miningmx.com reported.  &quot;I wouldn't be surprised if prices drop by more than 30%,&quot; Des Kilalea, an analyst at RBC Capital Markets told  miningmx.com . &quot;There will be no material recovery in 2009,&quot; he says.  A Johannesburg analyst said he expects diamond prices to fall between 15%-20%. &quot;Prices aren't easy to predict,...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=41]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Jan 2009 09:30:35 GMT</pubDate>
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        <title><![CDATA[South African Trade Union: Diamond Industry facing 1,200 job cuts]]></title>	
			<description><![CDATA[ More than 1,200 job cuts are looming in South Africa's diamond mining industry, according to South African trade union Solidarity.  Solidarity recently received notices for the retrenchment of about 500 employees at Sandstraat Eksplorasie, Diamond Core Mining and Exploration, and Rockwell Diamonds. This follows last year's notices for the retrenchment of more than 700 employees at the mines of Namakwa Diamonds and Petra Diamonds.  &quot;While retrenchments are already planned across all industries, the relatively small local diamond industry...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=40]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Jan 2009 09:26:54 GMT</pubDate>
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        <title><![CDATA[SDT appoints new chief as diamond beneficiation shrinks]]></title>	
			<description><![CDATA[  By Wiseman Khuzwayo   Johannesburg - The troubled State Diamond Trader (SDT) has appointed a new chief executive to replace Abbey Chikane, whose contract was not renewed last year - apparently amid clashes with the chairman, Linda Makatini.  Futhi Zikalala takes over as the new chief executive from tomorrow. She has been acting in the post since she joined the state-owned intermediary on secondment from the department of minerals and energy.  The SDT was launched in February last...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=39]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Jan 2009 09:22:43 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds - still has cash in tough times]]></title>	
			<description><![CDATA[ Following Tiffany's 35% US same-store Xmas sales decline, it is not surprising Namakwa should caution that rough and polished diamond prices remain under pressure and that it will slow the build-up to full production on its South African alluvial properties.  In the quarter to end-November, production from the North West mines increased to 12,207ct (11,878c in Q408) with unit costs falling to $4.25/t or $748/ct ($5.04/t). Realised rough prices must have been in the region of...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=38]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>16 Jan 2009 09:15:56 GMT</pubDate>
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        <title><![CDATA[1200 mining job cuts loom]]></title>	
			<description><![CDATA[ More than 1200 job cuts are looming in South Africa's diamond mining industry, trade union Solidarity said on Friday.  &quot;While retrenchments are already planned across all industries, the relatively small local diamond industry is being severely affected,&quot; the trade union said in its latest weekly newsletter Solder.  Solidarity said it has already received retrenchment notices from five diamond companies, with three of these issued only this week.  &quot;This brings to 1200 the number of planned retrenchments in...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=37]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>16 Jan 2009 09:10:37 GMT</pubDate>
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        <title><![CDATA[De Beers feels the pinch]]></title>	
			<description><![CDATA[  Low demand for diamonds leads to 1400 job cuts    Kea&rsquo; Modimoeng   DIAMOND mining giant De Beers plans to lay off a third of its local workforce as stocks in excess of 300-million (R3-billion) carried forward from last year limit its production needs this year.  In a January 13 document, &ldquo;Response to Global Economic Situation&rdquo;, which Business Times has seen, the world&rsquo;s biggest diamond company says: &ldquo;DBCM [De Beers Consolidated Mines] is contemplating reducing 1415 positions, including vacancies.&rdquo;  This...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=36]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>16 Jan 2009 09:06:56 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds capitalising on buyers' market]]></title>	
			<description><![CDATA[  By: MonAM   Namakwa Diamonds says it expects to take advantage of buying opportunities presented by a current shortage of rough diamond supply.  'Due to the continued depressed state of the diamond market, opportunities to buy rough and polished goods at greatly reduced prices from distressed mining companies and dealers will continue,' says Namakwa.  'This creates opportunities for players like Namakwa which hold unleveraged diamond inventory and sufficient cash reserves to polish its own rough inventory...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=35]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>15 Jan 2009 09:04:51 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds Opens Trading Office in Israel]]></title>	
			<description><![CDATA[  Shifts selling focus to polished goods as rough demand declines    By Avi Krawitz   Namakwa Diamonds, which has diamond mining and polishing operations in South Africa, has opened a trading office in Israel as part of its new strategy of focusing on selling polished diamonds during the current rough market lull. The company released a management report on Thursday explaining that the &ldquo;disproportionate decrease in rough diamond prices relative to polished prices&rdquo; has caused it to...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=34]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>15 Jan 2009 09:01:03 GMT</pubDate>
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        <title><![CDATA[Namakwa changes selling, beneficiation strategy in weak rough diamond market]]></title>	
			<description><![CDATA[  By Esmarie Swanepoel &nbsp;  Gem-miner Namakwa Diamonds said on Thursday that it was likely that it would put some of its mines on care-and-maintenance, in a response to weak rough diamond prices.  Namakwa Diamonds announced last year that it was reviewing its operations in South Africa&rsquo;s North West province to improve profitability.  &ldquo;Following the completion of the review, it is likely that certain operations will be placed on care-and-maintenance, while others may be significantly reduced,&rdquo;...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=33]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>15 Jan 2009 08:55:45 GMT</pubDate>
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        <title><![CDATA[Diamond prices to fall 30%]]></title>	
			<description><![CDATA[  By: Ines Schumacher   The outlook for diamond prices in 2009 is &quot;very poor&quot; with analysts forecasting the price could drop by up to 30% and that it will not recover until 2010.  &quot;I wouldn't be surprised if prices drop by more than 30%,&quot; says Des Kilalea, an analyst at RBC Capital Markets, an international corporate and investment bank. &quot;There will be no material recovery in 2009,&quot; he says.  A Johannesburg analyst expects prices to fall between 15%-20%. &quot;Prices aren't...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=30]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>14 Jan 2009 02:01:14 GMT</pubDate>
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        <title><![CDATA[De Beers to Reduce Diamond Supply 50% on U.S. Slump]]></title>	
			<description><![CDATA[  By: Carli Lourens   De Beers, the world&rsquo;s largest diamond producer, will reduce the amount of rough gems offered to customers by about 50 percent until April after U.S. retail sales slumped over Christmas.  Retail sales in the U.S., the world&rsquo;s largest diamond market, dropped by as much as 20 percent over Christmas and &ldquo;underperformed&rdquo; the company&rsquo;s expectations, said Varda Shine, head of Johannesburgbased De Beers&rsquo;s marketing unit. The drop in full-year U.S. sales was in &ldquo;the high...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=29]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>21 Dec 2008 01:57:51 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds continues strategic review of ops]]></title>	
			<description><![CDATA[ Namakwa Diamonds Ltd continues to pursue a strategic review of its mining operations in the North West province of South Africa, including talks with its labour unions, the diamond mining company said on Thursday.  No decision has been taken yet, the company said while noting the recent fall in its shares.  Namakwa had said in October that its focus was to reduce unit costs in its mining operations and preserve cash as it moved towards...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=28]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Dec 2008 01:56:41 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds]]></title>	
			<description><![CDATA[ Namakwa Diamonds continues to pursue a strategic review of its mining operations in the North West province of South Africa, including talks with its labour unions, said Reuters citing the diamond mining company.  No decision has been taken yet, the company said while noting the recent fall in its shares.No decision has been taken yet, the company said while noting the recent fall in its shares.  Namakwa had said in October that its focus was...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=27]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Dec 2008 01:55:40 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds Decline ?Overdone,? Liberum Capital Says]]></title>	
			<description><![CDATA[  By: Thomas Biesheuvel &nbsp;  Namakwa Diamonds Ltd.&rsquo;s share price slide is &ldquo;overdone&rdquo; and the company is prepared for a recovery in the global economy, Liberum Capital Ltd. said.  &ldquo;Fears over collapse in the diamond market and the impact on Namakwa are overdone,&rdquo; Michael Rawlinson, an analyst at Liberum who has a &ldquo;buy&rdquo; rating on the stock, wrote in a research report today. Namakwa may benefit from a potential shortage as it controls its own supply...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=26]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>18 Dec 2008 01:42:35 GMT</pubDate>
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        <title><![CDATA[Crisis Mitigation at De Beers]]></title>	
			<description><![CDATA[  By: Chaim Even-Zohar, DIB-Online   At the same time that governments and central banks were pouring trillions of dollars into the world's financial markets to save them, De Beers pooled all of its resources in preparation for launching the single-greatest consumer advertising blitz in the history of the company. It isn't just throwing good money away. Though De Beers has no illusions and realizes that consumer spending will be down this season, it recognizes a real...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=25]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>10 Nov 2008 03:12:47 GMT</pubDate>
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        <title><![CDATA[Namakwa Diamonds Expects Continued Price Volatility]]></title>	
			<description><![CDATA[  Posts $19M loss in 2H fiscal 2008   By Avi Krawitz :  Rapaport News   Namakwa Diamonds said Wednesday it expects diamond prices to remain volatile as the current global economic uncertainty continues.  The company, which operates in the mining and polished diamond segments of the industry, said it had observed significant price decreases through August and September from rough producers which sell exclusively on tender. The decreases were a result of the general fall in commodities prices, uncertainty...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=24]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>29 Oct 2008 02:58:20 GMT</pubDate>
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        <title><![CDATA[Namibia's declining diamond suppliesBack]]></title>	
			<description><![CDATA[  PolishedPrices   Namibia's once rich diamond deposits are dwindling after a century of exploitation, forcing miners to look for the hard stones offshore while the country's fledgling cutting and polishing sector could shrink as fewer and smaller stones are found, writes IPS (Inter Press Service).  According to the IPS report, Namdeb - the joint venture between De Beers and the Namibian Government - produced 2.17 million carats in 2007 in the country - mainly average stones sizes of 0.44 carats. It achieved...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=23]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>01 Sep 2008 02:55:13 GMT</pubDate>
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        <title><![CDATA[RBC Sees 'Deep Value' in Diamond SharesBack]]></title>	
			<description><![CDATA[ By Avi Krawitz -&nbsp;&nbsp;  Rapaport News   RBC Capital Markets foresees strong investment opportunities in the diamond sector as share prices have fallen by as much as 70 percent among mining and exploration companies so far in 2008 as a result of the global economic downturn.  &quot;While difficult trading conditions still lie ahead, the fall in share prices is creating some deep value opportunities, primarily in companies which have growing production and no need to source capital in...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=22]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>28 Aug 2008 02:49:59 GMT</pubDate>
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        <title><![CDATA[DTC Announces Cumulative Price Increases for 2008]]></title>	
			<description><![CDATA[ As part of Diamond Trading Company&rsquo;s commitment to its sightholders, the DTC has today shared a summary of its rough diamond price adjustments so far in 2008, up to and including the forthcoming August sight. DTC now provides this information at three points during the year - ahead of annual results, and in advance of the two major trade shows in Las Vegas and Hong Kong.  The average cumulative increase in DTC rough diamond prices since the...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=2]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>19 Aug 2008 05:22:04 GMT</pubDate>
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        <title><![CDATA[DTC: 16% Average Price Increase So FarBack]]></title>	
			<description><![CDATA[ The Diamond Trading Company (DTC) announced Tuesday that the average cumulative increase in DTC rough diamond prices since the beginning of 2008 has been 16.0 percent. The company did not announce any price hikes for the current Sight.  The news is part of the periodic announcements the DTC makes three times a year ahead of the Las Vegas and Hong Kong industry trade shows and ahead of its annual results.  &quot;Some boxes have been affected more than...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=1]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>19 Aug 2008 04:32:39 GMT</pubDate>
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        <title><![CDATA[Free Registration Diamond index sets another new high]]></title>	
			<description><![CDATA[  PolishedPrices   With many offices remaining closed for the summer holidays, those few that were trading set another new high for the overall PolishedPrices price index, since it started in January 2002.      Weekly Index   The main PolishedPrices index opened 2.1% higher at 137.6 points on Monday, compared to the previous week. The index is now up 5.2% from the start of the year and 8.4% above the level of this time last year.  There were gains across all the benchmark categories,...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=4]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>11 Aug 2008 05:32:22 GMT</pubDate>
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        <title><![CDATA[Diamond Prices Stable after Rapid Inflation]]></title>	
			<description><![CDATA[ By: Leia Michele Toovey :  Diamond Investing News   Diamond values held steady in July, after rapid inflation earlier in the year. Weak consumer demand in the US, coupled with fear that the recession will spread globally put the lid on prices. Diamond values are still up 15 percent compared to a year ago. Right now, the question on everyone&rsquo;s mind is if last month&rsquo;s price stabilization was just a one off, or a start to a new...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=7]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>06 Aug 2008 05:43:03 GMT</pubDate>
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        <title><![CDATA[Free Registration Alrosa's July auction of 'Specials' reveals 48% price gain]]></title>	
			<description><![CDATA[ By: John Helmer :  PolishedPrices   Alrosa has released detailed results of the 30th Moscow auction of 10.8+ caraters.  Fewer auctions this year, combined with rising prices so far has meant higher revenue totals per auction, and also higher per carat value for the stones compared to the average for the five-year old auction series.  Results were down modestly, compared to last year.  At the just completed auction, which ran through the month of July, 654 stones were sold,...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=8]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>05 Aug 2008 05:45:47 GMT</pubDate>
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        <title><![CDATA[Polished Diamond Price Inflation Pauses in July]]></title>	
			<description><![CDATA[ By: Ken Gassman :  IDEX &nbsp;  Prices for polished diamonds stabilized in July, after dramatic inflation earlier this year. Prices for virtually all size diamonds held firm &ndash; or softened only slightly &ndash; during the month.  With diamond demand soft at the consumer level in the U.S. due to economic weakness &ndash; and threats that this sluggishness could spread to other global markets &ndash; coupled with lighter trading due to diamantaires&rsquo; summer vacations, global polished diamond...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=21]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>05 Aug 2008 02:45:51 GMT</pubDate>
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        <title><![CDATA[Anglo American H1 Diamond Profits Up 23% Due to Rising Prices]]></title>	
			<description><![CDATA[  IDEX Online   Anglo American, 45 percent owner of De Beers, reported record half-year underlying earnings of $3.5 billion for the first six months of 2008. Diamonds contributed to this figure an operating profit of $328 million, up 23 percent, principally due to rising diamond prices.  Diamonds&rsquo; operating profit increase was due to &quot;strong demand [that] enabled the DTC to increase prices steadily during the first half of the year,&quot; Anglo said in a release. Sales of rough diamonds (including those...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=3]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>31 Jul 2008 05:26:28 GMT</pubDate>
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        <title><![CDATA[Demand for gems is on the way down]]></title>	
			<description><![CDATA[  BusinessReport   Demand growth for diamonds might slow this year from 3 percent to 2 percent as the global credit crisis, higher oil prices and inflation squeezed consumers in the US, corporate advisory firm Allan Hochreiter said yesterday.  US jewellery sales might fall as much as 5 percent, compared with an estimated 15 percent increase in the Asia Pacific, India and the Middle East, said James Allan, a founder of Allan Hochreiter. World retail sales rose by about 5 percent last...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=5]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>29 Jul 2008 05:36:15 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=5]]></guid>
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        <title><![CDATA[De Beers expects diamond demand at top end of market to stay firm]]></title>	
			<description><![CDATA[ By: Charlotte Mathews, Resources Editor -  BusinessDay   Diamond giant De Beers expects demand for diamonds at the top end of the market will remain firm for the rest of the year, but declined to say whether any more price increases were likely.  &quot;It is too early to tell what will happen to diamond prices through the balance of the year,&quot; MD Gareth Penny said yesterday. &quot;We will continue to monitor demand and make decisions as we...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=9]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>24 Jul 2008 05:49:13 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=9]]></guid>
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        <title><![CDATA[Rough diamond supply to drop this year]]></title>	
			<description><![CDATA[  By: Brendan Ryan : MiningMX   World rough diamond production is likely to drop by 10 million carats to 138 million carats in 2008 but an average 13% price increase should boost the total sales value to US$14.3bn from $12.6bn in 2007.  That&rsquo;s according James Allan of corporate finance advisory firm Allan Hochreiter who said the main drop would come from Australia where production will be 6 million carats down this year with Canada showing a 2 million carat drop.  Russia and Botswana will...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=6]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>24 Jul 2008 05:40:06 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=6]]></guid>
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        <title><![CDATA[Diamonds are a rich investor's best friend ? Idex ]]></title>	
			<description><![CDATA[ By: Scott Reyburn, Bus iness Report   The price of 5-carat gems with the potential to be sold at $1 million (R7.51 million) or more rose 76.5 percent this year to May, according to the website of the International Diamond and Jewelry Exchange (Idex).  &quot;There's a group of very savvy, tremendously wealthy people who have put a small portion of their fortunes aside to invest in diamonds,&quot; said Francois Graff, the managing director of London based Graff Diamonds...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=11]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>20 Jul 2008 05:53:43 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=11]]></guid>
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        <title><![CDATA[Diamonds Attract Funds as Largest Gem Prices Surge 76% in YearBack ]]></title>	
			<description><![CDATA[ By: Scott Reyburn,  Bloomberg.com   Diamonds, like art, are a commodity that is gaining attention as an alternative investment.  Increases in the price of the rarest colorless and colored diamonds are attracting wealthy investors and structured funds as stock markets and real-estate values decline.  The price of 5-carat gems with the potential to be sold at $1 million or more has risen 76.5 percent in the year to May 2008, according to  http://www.idexonline.com , the Web site of the International...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=12]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>15 Jul 2008 05:56:50 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=12]]></guid>
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        <title><![CDATA[Namdeb budgets N$750m to explore for new resources]]></title>	
			<description><![CDATA[  BusinessReport   Namdeb Diamond, the joint venture between De Beers and the Namibian government, would spend N$750 million (R750 million) to explore for new diamond resources in the country, it said yesterday.  Hilifa Mbako, Namdeb's group external affairs manager, said from Windhoek that the exploration would be carried out in two separate projects on the beach, shallow and midwater sections of its existing mining areas.  &quot;Global estimation of the deposit suggests that the two projects combined...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=10]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>15 Jul 2008 05:51:20 GMT</pubDate>
        <guid><![CDATA[pages/ir/industrynews?ref=10]]></guid>
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        <title><![CDATA[De Beers increases rough diamond prices by 5 pctBack ]]></title>	
			<description><![CDATA[  reuters.com    The world's biggest diamond producer De Beers boosted rough diamond prices by an averge of 5 percent this month, the firm said on Friday.  The price hike by the group's marketing arm, the Diamond Trading Company (DTC), came amid strong demand for diamonds in Asian emerging markets and tight supply, which led to price increases of 8.5 percent earlier this year.  A De Beers official said last month that buoyant diamond demand from China, India and...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=13]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>11 Jul 2008 06:00:12 GMT</pubDate>
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        <title><![CDATA[Overall index sets another all time high  ]]></title>	
			<description><![CDATA[  Polished Prices    After spending most of the week hovering below last Monday&rsquo;s highs, diamond prices rebounded to new highs in the final week of trading.   Daily Index levels       Weekly Index   The main PolishedPrices index opened 0.3% higher at 136.3 points on Monday, compared to the previous week. This is up 4.2% from the start of the year and 6.0% above the level it stood at this time last year.  There are signs that the high prices being paid for...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=14]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>30 Jun 2008 06:01:30 GMT</pubDate>
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        <title><![CDATA[Demand for large, rare diamonds soars]]></title>	
			<description><![CDATA[  Miningmx.com   POLISHED diamond prices are likely to be volatile this year due to a squeeze on middle America, but demand for larger, rare diamonds is booming as the number of multi-millionaires grows, a top diamond broker says.  Martin Rapaport, one of the world's leading diamond consultants and entrepreneurs whose price list is used as a benchmark for wholesale trade in polished diamonds, says a fall in the value of the dollar, in which diamonds are...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=15]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>06 Jun 2008 06:04:38 GMT</pubDate>
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        <title><![CDATA[Diamonds to get dearer as rough stones cost more]]></title>	
			<description><![CDATA[ Kalpesh Damor / Ahmedabad May 16, 2008, 3:48 IST  The glittering gemstone is all set to cost more. With Diamond Trading Corporation (DTC) recently hiking prices of rough diamonds, Surat's diamond industry expects a 4 to 5 per cent rise in prices of polished diamonds.  DTC, the largest supplier of rough diamonds to India, said it has recently increased prices of rough diamonds by 8.5 per cent. There has been a price hike in good quality diamonds and as a result there...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=20]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>16 May 2008 06:17:04 GMT</pubDate>
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        <title><![CDATA[Rosy Blue sees diamond sales rise on Arab demand]]></title>	
			<description><![CDATA[  Download full PDF here.  (45 Kb PDF)  By Summer Said - Tue May 13, 2008 2:07am EDT  DUBAI (Reuters) - Diamond giant Rosy Blue sees a challenging U.S. market this year due to the protracted global credit crunch, but its chairman says demand in emerging markets such as the Gulf Arab region will add extra sparkle to sales.  The Belgian-based diamond merchant said sales last year totaled $120 million, up 57.9 percent from 2006. It expects this year's sales to surge to double...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=19]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>13 May 2008 06:15:03 GMT</pubDate>
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        <title><![CDATA[RBC Upbeat About Diamonds as Prices Remain Firm]]></title>	
			<description><![CDATA[ By Avi Krawitz - 05/13/08 09:44    RAPAPORT...   RBC Capital Markets kept its positive outlook for the diamond industry, particularly for mid-tier mining companies producing larger diamonds, despite a declining global economic climate.  &quot;While the world economy lumbers through one of its worst periods in modern history, with central banks reducing interest rates to stave off recession, diamond prices remain surprisingly firm,&quot; wrote RBC's global mining research analyst, Des Kilalea, in a research note about the diamond industry.  Kilalea...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=18]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>13 May 2008 06:13:03 GMT</pubDate>
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        <title><![CDATA[Diamond Pipeline 2007 - A Year of Equilibrium]]></title>	
			<description><![CDATA[  IDEX - idexonline.com   In 2007, the overall supply and demand picture was in a general state of equilibrium. On the supply side, in terms of carats, we saw for the first time in recent years a marked decline, which was greatly triggered by reduced production from the Argyle mine. Because of a firming in rough prices, the world's diamond production increased from 100 million carats worth $12.9 billion, to 172 million carats valued at $13.8 billion.  As the Kimberley Process Certification...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=17]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>06 May 2008 06:10:25 GMT</pubDate>
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        <title><![CDATA[Jewelers Gross Margins Under Pressure]]></title>	
			<description><![CDATA[ By: Ken Gassman :  idexonline.com  - Published: 27 March 08  When jewelry merchants whine that their margins are getting squeezed, they are not kidding. Over the past two decades, gross margins have been declining for U.S. jewelry retailers. And, we believe it is only going to get worse near term.  It&rsquo;s not that gross margins are falling precipitously. Rather, they are falling by a few basis points every quarter. The problem is this: gross margins have been falling unrelentingly...]]></description>
        <link><![CDATA[http://www.namakwadiamonds.co.za/nd/pages/ir/industrynews?ref=16]]></link>    			 			
        <category>Company News</category>    	
        <pubDate>27 Mar 2008 06:07:30 GMT</pubDate>
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