Post by
Diamondboy123 on Jun 10, 2022 6:55am
Alrosa effect is immeasurable
The price of rough has gone up dramatically. It continues to go up. Small rough especially has seen exponential price increases. Deneen's just released its last sight sale results and small rough went up a further 10 percent from a position that almost tripled from the pandemic lows. That's after most dealers still had sanction exempt alrosa diamonds in the pipeline. Especially the small rough we produce. Now that pipeline is gone. What will our next sales portend? Are you kidding me? 200 a carat? 250? Look at oil. Nat gas? Tin? Aluminum? Too bad the Irish will get this. Remember my call. Two bucks me thinks.
Comment by
Diamondboy123 on Jun 12, 2022 8:57am
And rough has gone up way more than polished.