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Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals
"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."


GREY:PGDIF - Post by User

Peregrine Diamonds Ltd. > More EKATI Layoffs
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Comment by schocoron Jul 10, 2018 4:26pm
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Post# 28295670

RE:RE:RE:RE:RE:RE:More EKATI Layoffs

RE:RE:RE:RE:RE:RE:More EKATI Layoffs Demand for diamonds is down considerably in the last 4-7 years - the decline is as bad as it was in 2008-2009. Rapport tells us that the demand for large stones (+4 carat) is strong, and the market is good. Mid tier stones (1-4 carats) have been is less demand, prices are down modestly. The market has completely cratered for small diamonds - the junky matte "jewellery". This is the primary product from EKATI and Australia at the moment. I also feel that we are entering a period of lower demand for diamonds; but I also believe that this lower demand will exceed available supply SHORTLY. P.S - Interesting diamond fact. The largest buyer of diamonds in the world is.......Walmart
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