Peregrine Diamonds Ltd. PGDIF

Metals & Mining Industrial Metals & Minerals

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

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Peregrine Diamonds Ltd. > Rapaport Opens Auction with Over 120,000 Carats

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Comment by Silverwhereon Feb 23, 2017 2:44pm

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Post# 25884528

RE:Rapaport Opens Auction with Over 120,000 Carats

First, the Lassonde curve again (think where PGD is relative to this chart, and remember this process is a not a sprint) . . . . . . https://images.angelpub.com/2009/50/3503/2009_life_of_gold_and_silver_stockspng.png . . . . . . Try to see beyond the limited vision barriers caused by adversely restrictive daytrading blinders . . . Think slightly longer term . . . more than one month . . . Now an exerpt from Rapaport again . . . We are excited to be auctioning over 120,000 carats of melee diamonds in Hong Kong at one of the largest jewelry shows of the year. The diamond markets have stabilized over the past few months and developed a positive momentum. Prices for larger size diamonds are recovering after an extended period of decline. While demonetization in India drove melee prices down in December, the market is adapting to the new regulations and recovering. We believe the new policies will have a healthy long-term positive impact on the Indian diamond market and international trade. . . . . "Markets are in recovery mode with improving U.S. and Chinese demand. However, increased rough supply and tight profitability in the manufacturing and wholesale segments are of concern, said Ezi Rapaport, Director of Global Trading, Rapaport Group. . . . . . . .