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The article attributes the increase in demand to Asia: "De Beers liquidated their stock pile from 2000 to 2004, resulting in a modest decline in diamond prices
by mikebabineau 12y ago
The article attributes the increase in demand to Asia:
"De Beers liquidated their stock pile from 2000 to 2004, resulting in a modest decline in diamond prices as the liquidation supply more than offset new demand coming out of Asia"
Here's an FT article on the subject:
http://www.ft.com/intl/cms/s/0/c8b7e3de-cf33-11e0-b6d4-00144feabdc0.html http://www.ft.com/intl/cms/s/0/c8b7e3de-cf33-11e0-b6d4-00144...