LOM 0.00% 6.7¢ lucapa diamond company limited

Interested to know more about China's non adherence to the...

  1. 992 Posts.
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    Interested to know more about China's non adherence to the KP?
    China has little direct involvement in the rough diamond industry other than maybe Zim, and is also a relatively small player in diamond manufacturing.
    I believe they are the largest producer of synthetic diamonds though the current wholesale polished price for these is around 3% of comparable natural prices.
    Russia was in a far better position to undercut prices though that would affect their own bottom line. Now a bit of a mute point with current sanctions.
 
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