Charles Wyndham: A Sigh of Relief

Opinion piece
13/05/2015 21:40

"De Beers has started to reduce prices, but these slithers of reductions are not and will not address the issue, certainly not quickly. Given the absurd over confidence displayed by De Beers, this action must be difficult to swallow, if not for them at least for Anglo American, but any sightholder who continues to purchase over priced rough should remember what happened to those customers of De Beers who did the same in the early 80’s, they went bust."

Charles Wyndham, PolishedPrices Market Comment