Diamonds Lose Shine
Source: Mining Weekly, Matthew Hill (9/6/11)
"Analysts say the pullback was due."
As diamond prices show their first significant drops since posing a significant recovery from the financial crisis, analysts said on Tuesday the pullback was due. However, prices should more or less hold their current levels for the rest of this year and into 2012.
Diversified giant BHP Billiton last month reported a 15% to 20% drop in prices for its most recent tender, with other suppliers showing a 10% to 15% decline, said BMO Capital Markets analyst Edward Sterck. . .View full article