Should you invest in diamonds or follow the masses into gold? If your decision is based on a comparison of their performances, here's what you need to consider.
Bloomberg reported Angola said it will focus on new diamond mines on higher demand.
Reuters reported Bain & Company said diamond demand will grow by an estimated 6% over the next ten years fueled by markets in China and India.
The prices for rough diamonds has recently fallen. Is this a sign that diamonds are losing their shine?
Reuters Africa reported De Beers expects global demand growth for rough diamonds to set a new record this year.
Business Insider reports that Indians are likely to purchase more gold and diamonds as the Rakhi festival comes up.
Bloomberg reports demand for diamond jewelry in India may slow as a surge in prices discourages buyers.
The Globe and Mail reports that diamond outperformed gold over the past year as demand in India and China increased.
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.
Diamonds North Resources Ltd. (CVE:DDN) reports its completion of its initial gold prospecting at HI-1 and has initiated prospecting at HI-2. The potential extent of the gold mineralization appears more significant than originally expected at both locations. HI-1 and HI-2 prospects are on the Halkett Inlet Property located in Nunavut. Mark Kolebaba, President & CEO of Diamonds North [...]
Thursday, January 19, 2012