Okay, this is pure speculation, but hear my arguments out. David Noko, the managing director of De Beers South Africa might well have been making an absolutely routine observation about the market. But honestly, it’s been my experience that every time somebody from De Beers says the ‘market looks good and we expect prices to rise’, it usually means that the mining behemoth is sharpening the knife to stick the industry with a rough diamond price hike.

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