Diamonds are for sovereign wealth? Don’t bank on it
Posted on | May 20, 2009 | Comments Off
Over the past several months, global demand for diamonds has plummeted. Now, the world’s biggest diamond mining company, De Beers (45% owned by London-listed Anglo American) is trying to boost sales by persuading a new breed of investors – including state sovereign wealth funds – that diamonds act as a “safe haven investment”, like gold. However, the move has been regarded with considerable scepticism.
See http://www.minesandcommunities.org/article.php?a=9246.
