DBRSY - a nice dividend indeed. My only concern is the same one that plagues gold, but to a lesser degree, what will happen if the russians, who own massive amounts of gold and diamonds, decide to sell? Diamonds are so plentiful these days that without the cartel keeping the supply limited, the price would fall through the floor. My understanding is that the russians are loaded with diamonds, for example, see the following press release indicating that the mine in russia is loaded with 51 million carats, or 7 carats per ton:
biz.yahoo.com
and compare this Canadian mine with only 1.81 carats per ton:
biz.yahoo.com
The same is not true for gold, but the russians have a lot of that in their banks. And I don't think russia has fully approved the agreement with debeers to restrict its exports, and the current agreement expires at year's end:
news.com^2FPrecious%20Stones~DBRSY~BLO~592675431~~~~~,00.html
So I worry about investing in diamonds. And where do I get decent info about the company? Yahoo doesn't even have a profile. |
