Diamonds – The next safe haven for investors?
Diamonds could very well represent the next safe haven for investors, much like gold and silver, as investors flee the financial markets for more secure investments.
Articles Tagged "gem"
Russian diamond giant first to report dropping revenues
The diamond industry has been having a unique year.The top jewelry sales time is just around the corner, and not till that milestone is over and the numbers are crunched will companies be able to conclude on the successes and failures of 2008.
Diamond industry look outside the US for market support
The Diamond industry is heading to Hong Kong with high hopes that strong Far East demand will sustain high price levels. The diamond industry concerned that economic hardships in the US will dampen holiday jewelery demand, as Christmas is when jewelers realize the majority of their annual sales.
Gem Diamonds inches closer to mining licence
Gem Diamonds reported that it has embarked on a bankable feasibility study that is expected to pave the way for the construction of the mine in the Central Kgalagadi Game Reserve (CKGR) by early next year. The company said in a statement: The development will be financed by a combination of cash and debt and discussions [...]
Global diamond demand stays strong
Despite cautions of the US economic downturn, in 2008 De Beers has been able to boost rough diamond prices by 16 percent on the back of strong demand. De Beers’ marketing unit The Diamond Trading Company (DTC) has reached this 16 percent increase through incremental raises throughout the year.
Gem Diamonds eyes AK6 Diamond mine
MD of African Diamonds, James Campbell was quoted as saying: We had a general discussion with Clifford and some of the Gem directors. We get on well with Gem and have great respect for their talents and expertise. We recommended that they approach De Beers. For full news, click here
