So why aren’t a wave of early buyers pouring into diamond shares? Why aren’t the bars round Bay Avenue abuzz with speak of recent diamond investments? Solely 5 years in the past, the mixed market capitalisation of the bigger Canadian diamond miners — Dominion Diamonds, Mountain Province Diamonds and Stornoway Diamonds — was C$2.8 billion.
The reply is that whereas diamonds might have been “a lady’s finest good friend” for Marilyn Monroe, when you have been an investor within the diamond mining area, it’s been something however enjoyable, actually for a lot of it was a nightmare.
What did buyers miss? That is an extremely essential query to reply if they aren’t to make the identical mistake once more.