There is no doubt that the diamond industry is going through a fundamental transformation. Crisis after crisis keeps pummelling the trade; breaking down the long held trust and faith for the product. DeBeers is faltering; cutting prices and production. Polished…
Tag: Mining
Rapaport pops the Diamond Bubble
Martin Rapaport published an article calling the actions of the diamond mining companies and banks a Ponzi scheme. He points out the free-falling sales volume of Debeers. The De Beers November 2014 sight was $527 million, while the November 2015…