Diamond to Rise for Next Four Years
SMH reported diamonds are predicted to rise above the price of gold as luxury spending increases in emerging economies.
Archive for 2011
Diamond Prices to Rise Over Four Years
IBTimes reported emerging markets with increased luxury spending are predicted to boost diamond prices over the next four years.
Diamonds Predicted to Outpace Gold
Bloomberg reported analysts say diamond prices are poised to rise for the next four years, outpacing gold, as spending on luxury goods rises.
BHP Billiton to Sell Stake in Childiak Mine
IBTimes reported BHP Billiton (NYSE:BHP) will sell its 51% stake in the Childiak diamond mine.
Petra Sells Blue Diamond for Record
Reuters Africa reported Petra Diamonds Ltd (LSE:PDL) has sold the highest amount it has achieved per carat for any uncut diamond.
BHP Sells Chidliak to Peregrine Diamonds
Reuters Africa reported BHP Billiton (NYSE:BHP) sold its share of the Chidliak diamond project to Peregrine Diamonds Ltd. (TSX:PGD).
BHP Sells Chidliak Diamond Project
Financial Post reported BHP Billiton (NYSE:BHP) sold its Chidliak diamond mine in Canada to Peregrine Diamonds Ltd. (TSX:PGD).
Diamond Prices Drift Lower
Reuters Africa reported the PolishedPrices Index says diamond prices have drifted to lows not seen since May 2011 on slowing diamond sales.
The De Beers Story
Business Insider reports on the history of De Beers, how they created and lost the world’s most powerful monopoly.
Harry Winston Diamonds Top NYSE Loser
IBTimes reported on the top NYSE aftermarket losers on Friday with Harry Winston Diamonds (NYSE:HWD) among them.
