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 South African herders win back diamond-rich ancestral land
P:  10/15/2003 12:16:43 PM  
mike04456
mike04456

Ideal Rock
Total Posts: 1,441
Last Post: 3/28/2004
Member Since: 11/20/2002
 
There will likely be more of this in the future...
 

 
Posted:  10/15/2003 12:16:43 PM

 There are 3 replies to this message.  There are 3 replies on this page.
P: 10/15/2003 5:21:24 PM
spicolicpa
spicolicpa

Cut Rock
Total Posts: 243
Last Post: 12/1/2003
Member Since: 9/25/2003
 
 		Wow,

Thats a big step for the South African judicial system. I wonder, if this trend in South Africa continues will the impact reach the market in the form of an increase in Diamond Prices?

Battle the Obfuscation
Posted:  10/15/2003 5:21:24 PM
P: 10/15/2003 5:55:21 PM
mike04456
mike04456

Ideal Rock
Total Posts: 1,441
Last Post: 3/28/2004
Member Since: 11/20/2002
 
The land they won back is not rich in diamonds anymore. What they're really after is back royalties.
 
There are other groups of Bushmen in southern Africa (not just RSA) who have claims on more significant deposits. Two of the richest diamond mines in the world (Orapa and Jwaneng in Botswana) are located on or near historical Bushman lands.
 
It's too soon to say what effect this might have on retail prices. At the moment, though, probably none.
Posted:  10/15/2003 5:55:21 PM
P: 10/15/2003 6:01:12 PM
spicolicpa
spicolicpa

Cut Rock
Total Posts: 243
Last Post: 12/1/2003
Member Since: 9/25/2003
 
 		Damn,
Inflating prices makes my recent purchase more valuable..

Battle the Obfuscation
Posted:  10/15/2003 6:01:12 PM

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