Now the Scarey Bit27 Nov 2015 05:55
This is what concerns me that funding is now becoming difficult! PRG will have to convince potential suitors that they would be able to sell the stones at competative prices in an ever weakening market.
Quote Mining.com "Dealers are facing increasing difficulties to sell their existing inventory into softening markets, while also facing tougher financing conditions.
At the same time, major players such as Anglo American-owned De Beers, the world’s No.1 diamond producer, are finding it difficult to place expected volumes of rough stones with traders and polishers.
And even Russia's Alrosa, the world's top diamond producer by output in carats, said last month it was able to sell only 42% of the precious stones it mined in the quarter ending in September"