With Japan finally restarting some of its nuclear reactor fleet (two reactors have come online since August) and China continuing its breakneck reactor build-out (with 29 reactors in operation and 22 under construction), the one commodity in the natural resource space that is actually carrying some positive fundamentals today is uranium.
The Argyle Pink Diamonds Tender, known as the ‘Connoisseurs Collection” weighing a total of 44.14 carats and including four Fancy Red diamonds, was internationally popular with winners from 11 countries.
The company, Canada’s largest pipeline operator, reported a loss in the third quarter driven by both delays in completing its Line 9 project and one-time charges.
So far in 2015, the state of the global diamond industry has been closely aligned with the posture of the global economy, as it so often is, and should be.