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Strategies & Market Trends : Strictly: Drilling II
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To: Eva who wrote (34090)12/3/2003 3:10:10 PM
From: jrhana  Read Replies (1) of 36161
 
Diamond Demand

<Rough prices, he said, rose on average by 20 per cent last year and he reckons that they will increase by up to 40 per cent in real terms by 2012. It is all a question of supply and demand. By 2012, he estimated, demand for rough diamonds could reach a value of US$14 billion but even after Diavik chipped in US$550 billion this would still leave a shortfall in production of US$3.5 billion. To bridge that gap would mean another 7 Diaviks coming on stream in the intervening period or as Picton put it, “the shortfall is equivalent to another De Beers.”>

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