Large scale diamond mining Options

[Diamond Digger]

This is good and bad news.

De Beers from South Africa has been banned from mining in the US since 1940. They also maintain a very tight control over the diamond supply into the market regulating the buy and sell prices.
This means they buy almost all the diamonds coming out of the mines of other big players and if you are a big diamond mining company it does not pay to upset the mighty De Beers.

Some have tried to buck the established trend but the carpet was pulled from under their feet somehow by someone. Even the Russians fell in with the rules.

So for anyone holding a possible diamond claim in the US this is bad news as the big companies will not go against the unspoken rules. Waiting for such a company to come and mine your claims is a very remote possibility.

DD

[ASTROBLEME]

The Canadians seem to have held their own. In fact, I think the mighty DB only has control over 40% of the world diamond trade at this point. The Clean Diamond Trading Act is a positive step in the USA's direction...in my opinion.

For those that have diamond bearing claims, I agree with DD, don't wait for a major player. Put together your own plan for development and proceed at your own pace. Keep in mind that the major mines are getting to the end of their life span so new discoveries are becoming even more important.

I trend more to the good news side of things in this case.

ASTROBLEME