GREY:PGDIF - Post by User
Comment by
schocoron Jul 10, 2018 4:50pm
40 Views
Post# 28295827
RE:RE:RE:RE:RE:RE:More EKATI Layoffs
RE:RE:RE:RE:RE:RE:More EKATI Layoffs I don't think we are building a new diamond mine right now. WE MIGHT BE IN 5 YEARS TIME THOUGH, which might be the time the world DOES need a new one - the current large producers are quite lonin the tooth (EAKTI, Diavik, Australia, Debswana, those ones in Botswana etc). I think diamond demand is about 8% lower than where it as 5 years ago. This is considerable. And a fair bit of this decrease HAS BEEN BLAMED on the Indian Currency exchange deal - not sure if I fully believe that or not, but it is certainly a factor limiting the rough inventory Indian polishers keep. Regardless, an 8% decrease in demand also points to the fact that diamonds are still in demand.