Diamond Market Update (April 12, 2012)
A brief overview of diamond price developments, supply and demand, and significant market movers.
A brief overview of diamond price developments, supply and demand, and significant market movers.
Financial Post reported Harry Winston Diamond Corp. (NYSE:HWD,TSX:HW) has gotten a ratings boost from Desjardins Capital Markets.
Reuters reported Rio Tinto (NYSE:RIO,TSX:RIO) is most likely to float a stock option as it considers its options for unloading its diamond operations.
CNBC reported diamonds are an attractive option for investors looking to diversify portfolios said David Riedel.
Reuters reported on Sierra Leone's only pit diamond mine that begin as wartime booty and is now an IPO.
Mineweb reported rough diamond demand is expected to rise drastically in the next year.
Forbes reported a retail jeweler will showcase a 10-carat fancy light purplish pink diamond from April 13-17.
Bloomberg reported De Beers named Tiffany & Co. (NYSE:TIF) as one of 75 companies looking to sale its diamonds for the next three years.
Forbes reported a rare 12-carat round pink diamond is expected to fetch $10 million or so at auction.
Mining Weekly reported Rio Tinto's (NYSE:RIO,ASX:RIO) diamond mining operations in Zimbabwe saw a significant increase in the last year.
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