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Rough Diamonds Under Pressure
Jun. 27, 2012 01:44PM PST
Gem InvestingMining Weekly reported the rough diamond market will continue to suffer from lowered prices, slowed sales and tightened liquidity.
Mining Weekly reported the rough diamond market will continue to suffer from lowered prices, slowed sales and tightened liquidity.
As quoted in the market news:
Despite the second half of the year traditionally providing better results than the first half, owing to upcoming festive holidays and the Indian wedding season, this year would remain “uncertain and unpredictable”.
BMO Capital Market analyst Edward Sterck agreed, telling Mining Weekly Online that the impact of the eurozone crisis on the diamond market was not fully appreciated at the start of 2012.
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