Diamond Mining Resurgence In Latin America

Introduction:

Few people when considering diamond mining think about Latin America. In fact, diamond deposits exist in several Latin American countries.

Recently, Venezuela has been in the news because they are exporting diamonds, yet they are not working within the Kimberly Certification Process.

In late September, an article ran in Forbes.com discussing the emerging diamond sector in Latin America. Though its economic outlook is somewhat out of date due to the recent financial declines, it still provides interesting information.

Key points:

–Diamond production exists in Brazil, Paraguay and Venezuela. There is exploration in Uruguay.

–Diamond trading in Latin America is largely informal and much of what is mined is sold on the black market.

— Some of Brazil’s largest deposits are in rain forests occupied by indigenous people.

~Marc Choyt, Publisher

See the full article using the link below:
Diamond Mining Resurges In Latin America

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