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Rockwell Diamonds Inc RDIAF

Rockwell Diamonds Inc is a diamond mining company. It is engaged in the business of diamond production and the acquisition and exploration of natural resource properties. It is engaged in the mining of palaeo channels and rooikoppie gravels and the recovery of high value and larger karat size diamonds. The company holds interests in Wouterspan, Saxendrift, Niewejaarskraal, and Remhoogte properties.


OTCPK:RDIAF - Post by User

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Post by landlubberon Aug 19, 2010 5:42pm
342 Views
Post# 17367049

China Diamond Imports Soar 92%

China Diamond Imports Soar 92%

China's diamondimports in the first half of 2010 spiked some 92%, the ShanghaiDiamond Exchange Administration said.

According to the SDEA, diamond imports rose to a record $577 millionin the first half of this year, as strong consumer demand and stableeconomic growth secured China's position as the world's second-biggestmarket for the glittering stone.

Chinatrails the UnitedStates as the world's second-biggest market for diamonds, withJapan coming in as the world's third-biggest market with diamond importscoming to $334 million for H1-2010.

"China's jewelrydemand is rising rapidly amid stable economic growth and increasingdomestic consumption," the bourse administration said. The ShanghaiDiamond Exchange, set up in 2000, is China's sole bourse for theprecious stone.

China cut value-added tax on imported polished diamonds from 17% to4% in 2006, while VAT is not imposed on imported rough diamonds. Since2002, customs duties have been waived on rough and polished stonestraded on the exchange.


https://www.israelidiamond.co.il/english/News.aspx?boneId=918&objid=7747
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