RE: RE: Small diamonds always broke, no reference to anything, just telling a story of small diamonds and the market.
I never considered gold buying to be a major source of small diamonds or such a flood of the market with them.
Again gold buying signs and places are almost on every street corner in the USA and include all jewelry stores I know of, it is a huge business.
I have no idea about China
A diamond mine anywhere would more or less need to sift through their diamonds and only sell the large ones, not a very profitable I would think, on top of that add a GOR, if you are looking for me to reference leadbetter.
Also think about the prices of large diamonds are stable but not through the roof, sellable is a term I would use.
Leadbetter should sell as it has such a cheap mine cost potential.
Why it is not sold other than the GOR I have no idea.
Market conditions do not seem the greatest to me for diamonds but again I know little or nothing about the industry.
JR is fighting an uphill battle to be sure from my seat.