The Dominion Diamond Corporation

Dominion Diamond Corporation or DDC is at the fourth place in the worlds top diamond producers and also belongs to the largest diamond mining company publicly listed by the market capitalization on the Toronto and New York Stock Exchanges. Many of the world’s wholesale diamonds and loose diamonds for sale come from DDC.

Now more focused on mining and distributing rough diamonds, the Dominion Diamond Corporation is working better than ever. Harry Winston Diamond Corporation has completed its sale of the luxury brand of timepieces and jewelries on 26th of March 2013 to the Swatch Group Ltd. DDC comprises 40% of Diavik Diamond Mine located in the Northwest Territories of Canada and a sorting and sales operation of rough diamonds located in Belgium, India and Canada. Mining diamonds is the singular focus of the DDC.

Received from the Ekati and Diavik Diamond Mines are the rough diamonds for DDC. What usually takes place in the process is that DDC sorts and assesses the value of the rough diamonds at their own facility, after which they sell them directly to different manufacturing companies for polishing and cutting. Major diamond centers such as Mumbai and Antwerp, are where the diamonds proceed.

For the last 12 months, a number of important events took place that helped reshape the facets of operations of the Dominion Diamond Corporation and their diamond exchange. Reassessment of the company, future goals, and risk plans are also included. Following these changes, the company has purely become a diamond miner instead of also being a diamond retailer since as mentioned, DDC is now solely focused on mining.

In itself, one could say that the Dominion Diamond Corporation is a precious diamond. To bring about a focus that is far sharper than the edge of any diamond, the company was altered. The financials are looking good as well and tends to be as hard and sturdy as a diamond. The beauty of the business is shining brighter than ever with its value as it now trades 5% less than the book value. Investors also see that the companys price is more promising than ever since more of them believe that rough diamonds possess stronger value than the finely cut ones. Once these investors will realize how profound the effects of these changes can be, it will be foreseen that the companys stock will shot up in value to keep up with the new position of the company.

Nevertheless, even without having to change the perception of investors, the company is still a promising entity especially for those who wish to invest on it long-term with the 50% stock price advantage. Trading with less than the given value for the products, the companys downside protection is looking well. DDC has claimed that prices will be stable for diamonds that are both rough and polished due to the improved conditions of the global market. The company said that larger stones have been very sought-after at a recent show while there have been less demands for the smaller ones that will be used in watches.