Here's an interesting Reuters article predicting large price drops of 30-40%. The article states that DeBeers took a $500 million dollar loan.....
http://www.mineweb.com/mineweb/view/mineweb/en/page37?oid=79840&sn=Detail
DIAMONDS AND GEMS
30-40% CONTRACTION POSSIBLE
Indebted diamond sector set for shakeout as demand collapses
With low prices along the value chain, the diamond industry is suffering as never before with major failures anticipated.
http://www.mineweb.com/mineweb/view/mineweb/en/page37?oid=79840&sn=Detail
DIAMONDS AND GEMS
30-40% CONTRACTION POSSIBLE
Indebted diamond sector set for shakeout as demand collapses
With low prices along the value chain, the diamond industry is suffering as never before with major failures anticipated.
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