Are Diamonds Still A Buy?
The prices for rough diamonds has recently fallen. Is this a sign that diamonds are losing their shine?
The prices for rough diamonds has recently fallen. Is this a sign that diamonds are losing their shine?
The Golden Eye is yellow, flawless and 43 carats. It's also about to be sold through an online auction.
There is a new trend in the diamond investment market... individuals capitalizing on the profits available from colored stones.
Diamonds are expected to be a hot commodity over the long term, which will likely spur exploration, and there are at least three countries that have significant potential.
Diamond consumption and prices have been on the rise this year. Demand in India and China are expected to keep that momentum going throughout the remainder of 2011.
The mention of Israel generates many thoughts. In the midst of the recovery of Israel's multi-billion dollar diamond trade, which includes both rough and polished stones, investment should be one of them.
The diamond market is raging back to life on the back of robust demand from China and India. In the west, diamond sales are rebounding since the economic collapse. Investing in the diamond market may seem challenging as many of the most power mining firms are privately owned. However, there are ways to enter into this lucrative market.
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
Marine diamond mining takes place primarily along the 1,400 km stretch of coastline of southern Namibia and northwestern South Africa. Namibia has the richest known marine diamond deposits in the world, estimated at over 100 million carats.
The controversial ban on Zimbabwe’s exporting of “blood” diamonds is over, according to Deputy Mines Minister Gift Chimanikire, who insists the country has been given written permission to hold two diamond auctions this year by the Kimberley Process (KP), an international body set up to monitor the distribution of conflict minerals. Members of the international diamond trading community and human rights groups have responded to this claim with confusion because as of today, KP spokespersons are denying that any such permission has been given. “No decision has been made yet,” said the new KP chairperson Yamba Mathieu Lapfa Lambang of the Democratic Republic of the Congo, which took over the role as chair of the conflict diamond watchdog organization from Israel on January 1, 2011.
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