THE PRICE OF DIAMONDS.
As might be expected from the war in South Africa, there is trouble in store for the diamond trade which, is likely to last some time. At Amsterdam the diamond merchants have recently doubled prices, and have stopped purchasing the rough. Thus in a short time the cutters will have no more stock on hand. As ai result of the war 1, Australian! diamonds have appreciated greatly in value, until there is an active demand'at 15s per carat, as against 7s some twelve months' ago. It is reported that a record transaction has recently been completed by the sale of 2800 carats from the Soldiers' Hill Diamond mines, Boggy Camp, Inverell, New South Wales),' to a Sydney firm a* 18s 9d, as they came from the mine. Mr. G-. B. B. Elliott, the managing director, says that within one hour Is advance was offered for the same lot. — Journal of Commerce,"
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Bibliographic details
Thames Star, Volume XXXIX, Issue 9617, 20 April 1900, Page 2
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155THE PRICE OF DIAMONDS. Thames Star, Volume XXXIX, Issue 9617, 20 April 1900, Page 2
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