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The Crisis Has its Time-Frame
The main factor determining the current state of the diamond market is the global financial crisis. The situation on the leading financial and stock exchanges is still fairly dramatic. The labour markets in the US, Europe and Japan are also not in the best shape. Under these circumstances the availability of credit for diamond market players has declined drastically.

Alexander Matveyev: Diamond OPEC Is an Opportunity to Survive Crisis with Minimal Losses
Alexander Matveyev, Member of the Federation Council of the Russian Federal Assembly, First Deputy Chairman of the Federation Council Committee on Northern Territories and Indigenous Minorities, Mining Engineer, Academician of the Russian Engineering Academy, Doctor of Economic Sciences, Professor, worked as Chief of Industry Department of the Yakutsk Region Committee of the CPSU, Chairman of the Yakutia Planning Committee, Vice-President and First Vice-President of ALROSA.

Valery Rudakov: Crisis Has Been Generated by Political Reasons and Is Expected To End Next Year

Valery Vladimirovich Rudakov  – chairman of the Board of Directors of CJSC Polyus, chairman of the Committee for precious metals and precious stones of the Chamber of Commerce and Industry of the Russian Federation. In 1999-2002 - Deputy Minister of Finance of the Russian Federation and head of the State Repository for Precious Metals.


New Challenges: Downfall or Upswing (Part 2)
We continue to publish the opinions of reputable experts about the impact of the world financial crisis on the diamond industry. This time the experts turned even more peremptory in their replies. The picture we got is offered to our readers’ attention.

61st Anniversary of India’s Independence

20.08.2008

On 15th of August the Ambassador of India in Namibia made congratulations and welcomed to celebrate the 61st Anniversary of India’s Independence. In his speech he touched upon the issues of collaboration and mutual assistance of India and Namibia. “India and Namibia enjoy warm and friendly ties.  Our relationship is based on deep understanding and appreciation of each other’s concerns.  A number of high-level bilateral visits between our two countries underscore the importance and value attached to our relations.  These have been at the highest levels.”
In recent years, Minister of State for External Affairs, Mr. Anand Sharma visited Windhoek for the first ever meeting of Indo-SADC Forum in 2006 and had constructive interactions with the leadership  in Namibia.  This was followed by the visit of our Minister of State for Agriculture Cooperation for the period of 2007-08 was signed  In March 2008, Minister of State for Commerce Mr.   Jairam Ramesh pais a  very  successful  visit to Namibia.  India is ready to set up a diamond cutting and polishing centre in Windhoek for training Namibians and a high level delegation from Diamond India Ltd is expected in Windhoek in early September 2008.  A trade and investment delegation is to be mounted by Namibian Minister of Trade and Industry to boost investment.  India would assist in the establishment of the SMEs centre in Namibia in collaboration with EDI Ahamadabad.
“We have also close collaboration and cooperation with the Ministry of Defence, Ministry of Education and all other line ministries and as well as the University of Namibia ant the Polytechnic”, he said.

Veronica Novoselova, Rough&Polished African bureau editor in Namibia

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