- Joined
- Feb 11, 2006
- Messages
- 3,273
Hi,
DeBeers, a division of Anglo-Amercan Corp. has received a bid from BH Biliton for its purchase. BH Biliton is an Australian Company that deals n copper. The diamond market has not rebounded as was hoped by DeBeers and they reduced production of rough diamonds recently. They had to take a 1.6 billion impairment charge on their last quarterly earnings report. Copper is much more profitable.
Why do I keep posting this stuff. Because I do think diamond buyers ought to know what is happening in the market. Only Rockdimond tells us what is going on. Silemce from most everyone. else. I'm still looking for those lower cost diamonds. I can't find them.
Annette
DeBeers, a division of Anglo-Amercan Corp. has received a bid from BH Biliton for its purchase. BH Biliton is an Australian Company that deals n copper. The diamond market has not rebounded as was hoped by DeBeers and they reduced production of rough diamonds recently. They had to take a 1.6 billion impairment charge on their last quarterly earnings report. Copper is much more profitable.
Why do I keep posting this stuff. Because I do think diamond buyers ought to know what is happening in the market. Only Rockdimond tells us what is going on. Silemce from most everyone. else. I'm still looking for those lower cost diamonds. I can't find them.
Annette
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