“De Beers has cut prices in the category by more than 40% in the past year…The impact on De Beers was clear…first half profits plunged more than 60% to just $347 million, with its average selling price falling from $213 […]
So rare that they get their own names, like the 105 carat Koh-i-Noor diamond. ~ learn more
“The British financiers who had organized the South African mines quickly realized that their investment was endangered; diamonds had little intrinsic value — and their price depended almost entirely on their scarcity.” And so, the De Beers Consolidated Mines, Ltd. […]
I learned some new stock trader lingo this week. “The slang phrases paper hands and diamond hands are used to describe the risk appetite of other stock traders.” | learn more