Article: Gem Production to Fall Further.

Article from:
The Namibian
Article date:
May 26, 2009
Copyright

South Africa's diamond production will continue declining up to at least 2011, consultancy Frost & Sullivan said yesterday.

"This is amid signs that the global economic recovery will be protracted with no sharp rebounds expected in the demand for commodities in the near to medium term," said the consultancy's metals & mining analyst Wonder Nyanjowa in a statement.

Frost & Sullivan forecast that South Africa's diamond production would decline from the 15,8 million carats produced in 2008 to levels of around 12 million carats in 2011.

"Although the global demand for all commodities has slumped significantly since the onset of the global economic ...

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