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Gold/Mining/Energy : SOUTHERNERA (t.SUF)
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To: PHILLIP FLOTOW who wrote (2017)9/16/1998 2:41:00 PM
From: George J. Tromp  Read Replies (1) of 7235
 
Well that is exactly right Philip.., the Russians by extending the
agreement with DeBeers., which may be extended further this fall.,
possibly 3 yrs., puts the stockpile in a decreasing scenario., the perpetual skirting of selling out side of the CSO by the Russians., will
decrease and should put more diamond control., price stability into
the market on a longer term view.
I think Dr. Rhombouts addressed earlier this year., that Diamond
stockpile of around 4.8Mil carats was being depleted., this news
would further support the theory of diminishing Russian supply outside
of CSO confines.
Sincerely
George J. Tromp
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