Diamond Prices Suggest Chaos Hasn’t Ensued

Globe and Mail reported diamond mining is tied to Europe’s banking mess.

As quoted in the market news,

Although the euro zone isn’t known for these jewels, its banks are the dominant credit facilities underwriters to diamond polishers, which John Hughes at Desjardins Securities pointed out in a research note. If the banks were freaking out, those credit lines could get cut – quickly.

Click here to read the full Globe and Mail report.