By Robert Tyerman | Monday 29 December 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Diamonds seem to have escaped the worst of the carnage that has afflicted other commodities, from gold to iron ore and participants in the sector, perhaps unsurprisingly, claim to see a widening of interest in the dazzling gemstones, from China to the Middle East, with a new emphasis on their potential merits as investments as well as adornments. One such enthusiast is Philip Manduca, former hedge fund pioneer, brother of the head of the Prudential insurance giant and chairman of AIM-quoted Paragon Diamonds (PRG).
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