However, as Martin Armstrong has discussed, in a world of airline metal detectors diamonds may offer the ultimate off-grid, portable store of high-wealth.
Just this week Rio Tinto announced a significant $350m investment in extending the life of their Diavik mine in Canada at a point in time when their major Iron Ore business is under price pressure and they have slashed capex to focus only on high potential projects. FT's Lex comment on Rio.
In 2011 Anglo American increased their ownership of DeBeers to 85% buying out the Oppenheimer family's 40% stake, making diamonds a substantial part of the group. Anglo Diamond overview
Recent Market Surveys
- McKinsey Sept 2014
- Bain 2014
- Bain 2011
- DeBeers 2014
- Edhan Golan - a number including on Prices
- Price Trend Index
- A good Interview with Pierre Lassonde on his views of diamond mining & exploration
- whoever finds that new $20-billion pipe, whether it’s in Canada or Africa or whatever, will have an incredible valuation because the demand will be screaming for it, literally.
- Interview with Lukas Lundin at The Northern Miner including discussion of his holdings in Lucara Diamond and North Arrow Minerals
- Northern Miner Nov-14 "Canada's mini staking rush" articles and booklet
- Geology: Diamond Mines Canada
- Sprott's Jason Stevens - Diamonds a good 5 year play
Large stones are low in volume but make up a large part of value mined. A recent FT article identified a number of junior producers who have sought to challenge the received mining wisdom with a greater focus on recovery of large stones.
The projected supply sees a plateau in mine production.
Company lists from FT articles, Mining feeds and Junior Miner websites.
A significant number of companies return no prices from google-finance so the listings and project descriptions seem unlikely to be up to date.