Local diamond mining industry still holds ‘lots of potential’ – Botswana Diamonds

With world diamond prices currently “very unexciting” and with stagnant growth forecast for jewellery sales, junior miners should think long and hard before investing in diamond exploration projects, as there is a risk of decreased investment from the market. Speaking at the Junior Mining Indaba, in Johannesburg, on Thursday, Cadiz Securities economist Peter Major warned that the diamond mining industry was currently “filled up”.