RE:RE:Results of First Diamond Sale of 2022, Provides UpdateThese are fantastic results. Be careful history might be repeating itself.
In 2017 when the first ever diamond sale came out the announced that they got $127 US per carat. What they didn't say was that 46,556 low grade carats had been removed from the sale to bolster the price. When they sold those diamonds in the second sale and you factored the price they got, the firt sale results dropeed from $127 US per carat to $67 US per carat.
In 2018 they had 351,000 carats at 78 US
In 2019 they had 386,000 carats at 71 US
In 2020 they had 359318 carats at 75 US
In 2021 they had 241827 carats at 90 US
In 2022 they have 181851 carats at 137 US
It seems everytime they have a low carat count then price realized goes up. Is this selective diamond sales or is the value really going up.