Investments by major diamond miners to extend production are not going to solve the supply shortfall that underpins the rise in rough diamond prices Investments by major diamond miners to extend production are not going to solve the supply shortfall that underpins the rise in rough diamond prices. Expansion plans at the Jwaneng mine owned by Debswana , the 50-50 joint venture company held by the Botswana government and De Beers, and Rio Tinto's intention to start underground mining at the Argyle mine in Australia will not be enough to meet demand. "Supply will remain under pressure," says RBC Capital Markets analyst Des Kilalea. " Spending at the Argyle mine and Jwaneng will not boost production. All it does is extend life of mine, and in the case of Argyle production is far below where it used to be five years ago."I do not see any increase in supply and expect that unless China's demand falls or the US fails to recover, rough prices could be strong from 2015."An u...
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