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Tuesday, May 12, 2009

Russia Stockpiles Diamonds

Russia Stockpiles Diamonds
http://www.nytimes.com/2009/05/12/business/global/12diamonds.html?_r=1&src=twt&twt=nytimes

Diamonds are an exception. If you don’t support the price, a diamond becomes a mere piece of carbon.
- Andrei V. Polyakov

Useful links:
http://eng.alrosa.ru
www.polishedprices.com
www.riotinto.com
www.bhpbilliton.com
www.debeersgroup.com

It would be interesting to see how Russians are going to jump-start demand by selling diamonds under long-term contracts to wholesale buyers in Belgium, Israel, India and elsewhere.

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