GREY:SWYDF - Post by User
Comment by
Torambleon Nov 19, 2008 6:03pm
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Post# 15597018
RE: DeBeers leaving Canada
RE: DeBeers leaving CanadaThose areGREAT news!!!! That'll make the diamonds more valuable, since the demand for them has not decreased!!!
And I thought you were a basher, I am sorry.
The reason for the cut is that DeBeers does not want the diamond market to get more supply than demand. Considering they almost monopolize it, this is a move to keep the diamond price high.