Reassessment of Diamond Properties: A Trend?
With dwindling supply touted as a positive fundamental for the industry, is it just a coincidence that major players want out?
With dwindling supply touted as a positive fundamental for the industry, is it just a coincidence that major players want out?
Bloomberg reported BHP Billiton Ltd. (ASX:BHP,NYSE:BHP) may leave the diamond industry for at least 20 years as it focuses on larger projects.
SMH reported analysts are predicting BHP Billiton (NYSE:BHP) will get less than $500 million for its Ekati diamond project in Canada.
IBTimes reported BHP Billiton (NYSE:BHP) will sell its 51% stake in the Childiak diamond mine.
Reuters Africa reported BHP Billiton (NYSE:BHP) sold its share of the Chidliak diamond project to Peregrine Diamonds Ltd. (TSX:PGD).
Financial Post reported BHP Billiton (NYSE:BHP) sold its Chidliak diamond mine in Canada to Peregrine Diamonds Ltd. (TSX:PGD).
Forbes reported BHP (NYSE:BHP,ASX:BHP,LSE:BLT) is considering selling their diamond operations in Canada.
Reuters reported BHP Billiton (NYSE:BHP,LSE:BLT,ASX:BHP) is considering selling all or part of its diamond assets.
BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) announced it is reviewing its diamonds business.
The prices for rough diamonds has recently fallen. Is this a sign that diamonds are losing their shine?
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