Mississauga, ON -- (SBWIRE) -- 04/10/2014 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled “Brazil Minerals and Mountain Province Diamonds Leading US Diamond Plays.”
Companies mentioned in this article include Mountain Province Diamonds (NYSE MKT:MDM) and Brazil Minerals, Inc. (OTCQB:BMIX).
In February, Fortune hypothesized that diamonds could replace gold as the high-end commodity of choice for investors. That’s a great topic to speculate on for an article, but whether or not a massive paradigm shift like that will ever happen is certainly open for debate as to its likelihood. Fact is, though, that diamond demand is still strong and likely to continue to grow with recovering global economies and demand consistent in China, despite flatlining gross domestic product. Market research firm Rapaport Group said yesterday that a Hong Kong diamond show in March demonstrated steady Chinese demand for commercial-quality diamonds. Buyers had a particular affinity last month for polished diamonds 0.3 carat in size, with prices rising 13.1 percent compared to March 2013, while 0.5-carat polished stones were selling for 5.4 percent more year-over-year.
Rapaport noted that the increased prices were attributable to retailers restocking their showcases after a busy Christmas holiday season and Chinese New Year, adding that they expect demand to slip back to normal ranges as inventories are refilled and polished diamond prices remain high. The research firm cited a slowing of demand in part because industry giant De Beers raised its prices by 3 – 4 percent. “While sentiment remains positive, diamond market growth is projected to stabilize in the coming months, after a relatively strong first quarter,” said Rapaport in their monthly report.
There are a limited number of public North American-based diamond miners, but two that investors should be keeping an eye on are Mountain Province Diamonds (NYSE MKT:MDM) and Brazil Minerals, Inc. (OTCQB:BMIX).
The full version of this article can be found at:
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