De Beers woos safe-haven investors
http://www.ft.com/cms/s/0/f1525262-4172-11de-bdb7-00144feabdc0.html?nclick_check=1
Diamonds are of limited interest to a lot of people because of the difficulty in buying and selling. Gold remains the ultimate hedge.
- Nigel Rendell, RBC Capital Markets
Useful links:
www.debeersgroup.com
www.diamondintelligence.com
www.ambrian.com
www.rbccm.com
According to Brock Salier, a mining analyst at Ambrian, diamonds represent a much riskier investment than gold. Unlike the yellow metal the stones, traded through auctions and private tenders, have no public market price and there is no instrument investors can use to hedge against fluctuations. I think he was spot on.
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