[miningmx.com] – AN investor who took a $4.3m stake in Paragon Diamonds, which is digging for gems in Lesotho, said diamonds would “do well” in the context of escalating inflation or if there was continued monetary debasement.
“If there’s escalating inflation out there diamond prices will do well,’ Philip Manduca, CEO of Titanium Capital told Bloomberg News. “If there’s continued monetary debasement out there, diamond prices do well,” he said.
“If there’s sustained or increased global conflagration, diamond prices do well. I’m not sure there are too many cases where diamonds do not do well,’ he told the newswire.
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