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Diamond World Supply To End In 20 Years.
So says Diamond Expert CEO Paul Loudon of DiamondCorp.
Loudon said that the world was consuming more diamonds than mines were producing and therefore the price outlook for diamonds was ‘very strong' in the medium-to-long term.
We saw this happening just last week as Rapaport, a Diamond trade Publication reported price increases of 10% for better quality goods. With Platinum and Gold prices already up over 50% over the past five months, consumers are none too happy. But Guys are getting engaged.
Read Louden's full interview here: Where Have All The Diamonds Gone?
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Comments
This comment about diamonds drying up in the next twenty years contradicts comments made by ALROSA at the third annnual rough diamond conference in Israel two months ago.
ALROSA confirmed they have estimated Russian reserves amounting to USD$135.8 BILLION for the next 35 years and this does not include any new exploratory ventures.
It might be drying up in Africa maybe ?
And let's not forget Canada, Alaska, China, Australia, Brazil etc etc.
Sometimes you have to wonder if these sort of comments made by those who wish to promote diamonds are self destructive in the possible misrepresentation they portray to the public consumer.
Daniel F Katz GG
Diamond Imports Pty Ltd
www.DiamondImports.com.au
Sydney Australia
Posted by: Daniel F Katz on April 4, 2008 3:06 PM