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Diamonds aren't forever

Diamonds might be forever in an advertising jingle but they’re certainly not forever for most mining companies, or the portfolios of investors who have been stung repeatedly by the over-promising and under-delivering of the diamond industry.

Gareth Tredway

Last week’s closure of the Ellendale mine in Western Australia was a reminder, if one was needed, about how tough the diamond industry can be, especially when it is under pressure and prices are falling....

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