News Bites
The diamond markets most anticipated supply catalyst happened this year
The biggest anticipated event in the diamond market happened this year. The Argyle Mine in Australia, which produces around 90% of the world’s pink diamonds, is closing.
The long-suffering diamond market should benefit, says Paul Zimnisky, independent diamond analyst and consultant, who talked to Kitco earlier this month.
Zimnisky calls it the diamond markets most anticipated supply catalyst.
Listen to our wide-ranging discussion with Paul on where he sees signs of recovery, how he forecasts demand and why synthetic diamonds may not be the existential threat that it appears to be.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
