Industry News by Nemesis

Dip In Diamond Production In Liberia

February 8, 2016

Diamond production in Liberia during the third quarter of 2015 fell to 11,796 carats, compared to over 20,000 carats in the comparable quarter of 2014 and over 22,000 carats in the second quarter of 2015, according to a bulletin from the country’s banking sector.


The decline is attributed to seasonal factors such as inundation of mining fields, explains the bulleting.


In terms of value, the country’s diamond exports were worth US$6.4 million in the third quarter of 2015, compared to an export value of US$12.8 million a year earlier and US$10.1 million in the preceding quarter.


The country’s gold production fell by nearly two-thirds during the third quarter of 2015. The slump in production was explained by the decline in the world market price of the commodity, notes the bulletin.


Source: The Israeli Diamond Industry

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