Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:Rapaport Opens Auction with Over 120,000 Carats

[ekim]

It is same with the synthetic argument.
They say that there product is 10% cheaper then the natural product....but the companies themselves keep losing money year over year.

and to say the cost of a 1 carat pulled out of Mine A versus Mine B is going to be the same is ridiculous.

They don't take into account varying profit margins at varying site.

I would not call synthetic diamonds 10% cheaper then natural product..I would say that synthetic diamonds have to be discounted 10% to polished natural diamonds just to create a market for them...they have no hope to be sold at equal pricing.

LONG...PGD

EKIM