RE:RE:RE:8th Sale ResultsMacloud1 wrote: Just keep in mind that the specials is what is allowing us to have an average of $66 US per carat even on those worthless Boart diamonds.
Mac, you are only looking at one side of the coin when you take the above view. You are ignoring how much the cost of the specials raised the cost per carat sold.
We'll never know, but maybe had we lost the bid on the specials our average sales price would have been down $2 to $64 per carat, but our average cost per carat sold would have declined by $4.
As I said, we'll never know, but you can't rule out the possibility.
I would like us to report that we lost the bid once in a while.
DeBeers isn't losing the all bids because they're stupid and don't know the market. In fact, I have the feeling that they don't mind losing all those bids.
But I'm just guessing.