Money of Mine Do diamond miners have a future? (Paul Zimnisky)
We wanted to learn more about diamonds, so we brought on the expert.
Paul Zimnisky has been an independent consultant analysing the diamond for over a decade, so we used the chance to learn about lab grown diamonds, the viability of the diamond mining industry, what will happen to De Beers, his contrarian industry takes and more.
Paul's site: www.paulzimnisky.com
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(0:00:00)Introduction
(0:04:37)What led to the breakup of De Beers
(0:14:11)Lab grown diamonds
(0:17:41)Price makers and diamond marketing
(0:18:29)How many diamond mines are making money?
(0:21:16)Are lab diamond growers making money?
(0:24:28)Botswana GDP dependency on diamond industry
(0:27:51)Anglo American divesting De Beers
(0:32:03)Alrosa
(0:34:40)Will mined diamond prices go up in 10 years?
(0:37:50)Mine supply
(0:39:50)Contrarian views
(0:43:25)What should you propose to the Mrs with?