Last year, an immense stockpile of diamonds was built up as the diamond industry virtually collapsed. But in recent months, the tide has turned. Uncut gems are finding buyers again. De Beers reported that about 13.5 million carats of diamonds were sold in the first quarter of 2021. Inventories are also back to normal levels. De Beers had a monopoly until the turn of the century. Alrosa's inventories also fell by just over 60 percent in the six months to the end of March 2021. This is the lowest level in almost three years.
Diamond mining companies had significantly reduced production in 2020. Now demand is strong, and prices are being increased. Prices at De Beers have been back to pre-Corona levels since late 2020. Demand from the middlemen who process and trade the stones is just rampant, he said.
This means that very high inventories were reduced, despite high prices. Therefore, the industry expects good business for the rest of the year as well. Consumers have saved a lot in the area of travel and leisure, luxury goods such as precious stones have thus experienced a boom.
Gold is also a valuable commodity. The price development in the course of the pandemic and the positive opinions of the analysts about the future gold price can also be participated with an investment in the values of gold companies.
Trillium Gold Mines - https://www.youtube.com/watch?v=gbzgPXuBh3w - is a good example. The company owns properties in the Red Lake Mining District in Ontario. The growth-oriented company has recently expanded its portfolio with projects in Quebec and Ontario.
In British Columbia in the Golden Triangle are Tudor Gold's - https://www.youtube.com/watch?v=AEZdKJ0pAFg - four projects. The flagship project is the Treaty Creek project, which has immense gold resources as well as copper and silver.
Latest corporate information and press releases from Trillium Gold Mines (https://www.resource-capital.ch/en/companies/trillium-gold-mines-inc/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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