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by Quizz
5015 days ago
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It appears that the diamond market has reached its peak, and is on its way out: http://www.economist.com/node/21538145 The Oppenheimers have sold their entire stake in DeBeers - they've cashed out. They went from producing 80% of the global market (in the 90's) to 35%; clearly, the writing is on the wall, and without strong centralized vertical management, the diamond market will collapse. Time to short diamonds. |
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