Raging Demand for Coloured Diamonds should be positive for MED after Argyll closes, page-2

While coloured diamonds are in great demand, the market is not so transparent. Very few fancy coloured diamonds are auctioned at famous auction houses and most of them are sold privately. This doesn’t give too much of a window for investors to study the prices. Also, the supply is not as prolific as colourless diamonds. Rio Tinto’s Argyle produces about 90% of these coloured diamonds and the ambiguity surrounding the mine’s future, have made these diamonds even more priceless.
Will the announced closure of Argyll this year bring further opportunities for Merlin Diamonds ?