GREY:PGDIF - Post by User
Comment by
smeagleon Jul 27, 2015 2:39pm
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Post# 23963997
RE:De Beers cutting production
RE:De Beers cutting production
If De Beers is cutting back production, isn't that a signal that the diamond market is softening? That new diamond mines may not happen without good demand?
The only thing that would counter the trend is an extremely lucrative pipe with monster diamonds of such exceptional quality that demand would have a target, despite the trend.
It's OK to be enthusiastic and hopeful but cheerleading won't make it so. the MARKET makes it so.
And yes, I have a ton of PDG at higher prices so I'm not bashing, just sayin',,,
Any counter arguments?