Ghaghoo production halved on soft diamond prices
Friday, February 05, 2016
In a trading update released on Wednesday, promoters of the mine, Gem Diamonds said they will downsize output, in order to preserve its balance sheet until prices for diamonds have improved.
Ghaghoo had an original production target of 720,000 tonnes per annum, but will now cut it to 300,000 tonnes. Prices for diamonds mined from Ghaghoo averaged around $150 per carat at the firm’s latest round of sales, a decline on the average $165 per carat and $210 per carat fetched in the firm’s two previous sales.
The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...