Beneficiation | Today’s Buzzword in the Diamond Industry
So what exactly is beneficiation? In simple terms, it is extracting the valuable minerals from the waste in mining operations. Recently, the term beneficiation has taken on a deeper meaning when used in regards to the diamond industry. Beneficiation, in this instance, refers to the idea that diamonds should be cut in the countries where they are found to maximize the economic benefit to the local communities(This is exactly what is going on with Namibian Diamonds).To read a great article on the subject, check out Fran Goldstein’s phenomenal article on beneficiation.
November 17th, 2008 at 4:41 pm
[...] sale in the United States. We salute Day’s Jewelers for having the foresight to recognize beneficiation as the future of the diamonds business [...]
December 14th, 2008 at 11:08 pm
[...] where diamonds are a natural resource and it is time for the diamond companies to truly push beneficiation and show the world they are serious about giving back. In order for this dream to come to life [...]