Gem

Diamonds Sparkle

Gem Investing

Investors Chronicle.com reports that there is an expectation that diamond prices will continue to be strong, and that there is great promise for a number of companies, including Petra Diamonds (LON:PDL), in 2011.

Investors Chronicle.com reports that there is an expectation that diamond prices will continue to be strong, and that there is great promise for a number of companies, including Petra Diamonds (LON:PDL), in 2011.

The editorial is quoted as saying:

Diamond prices continue to strengthen and that Petra, now with a market capitalisation of around £440m, should soon command a re-rating. Interestingly, the company mentioned that miners’ capital expenditure budgets for next year are expected to be higher than pre-crash levels as companies look to exploit still-strong commodity prices.

To access the full editorial, click here.

MARKETS

Markets
TSX20179.81+187.93
TSXV680.49+7.47
DOW33761.05+424.38
S&P 5004280.15+72.88
NASD13047.19+267.27
ASX7032.50-38.50

COMMODITIES

Commodities
Gold1792.55-6.58
Silver20.59-0.19
Copper3.61-0.06
Palladium2214.00+1.00
Platinum954.50-6.50
Oil91.17-0.92
Heating Oil3.50-0.02
Natural Gas8.63-0.14

DOWNLOAD FREE REPORTS

×