ignore cudjo the basher I said BUY BUY BUY the diamond market trough. Who’s YOUR daddy little PGD princess cudjo? Silver got it right, cudjo got it wrong - again. See below:
Prices for small melee and under the carat size diamonds in low to medium qualities
significantly improved as increased demand from China provided much needed liquidity and stability to the market. Improved market conditions and a critical mass of diamonds being auctioned attracted the top buyers in the market. Viewing appointments were at maximum capacity for the entire duration of the auction with over 100 buyers seeking to source the wide variety of diamonds being offered.
“The Rapaport auction results
exceeded expectations. With improved Far East demand and the Indian diamond market adapting well to demonetization,
the market was eager to trade after an extended period of uncertainty and liquidity constraints. Prices for small melee diamonds have
rebounded by over 13% in the past couple of months after hitting a 7 year low in December. We are proud to fulfill our mission of achieving fair market prices for our suppliers and buyers by providing them with the world’s largest polished diamond auction platform,” said Ezi Rapaport, Director of Global Trading, Rapaport Group.
https://finance.yahoo.com/news/rapaport-auctions-sells-over-83-090000644.html