1990s: Diamond Demand Is Favorable For Diamond Industry
Ashton Mining Ltd. reported a production of 12.5 million carats in the third quarter, a considerable increase from this period last year. The total carat talley for the year at end of the 3rd quarter is 31.8 million.
According to experts in the company, although world economic conditions are having a slowing effect on revenue, high demand in the U.S. continues to aid diamond sales. Of the 63 diamonds offered at the annual Argyle Pink Diamond several were sold to U.S. bidders.