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0.6¢ merlin diamonds limited

To be fair to the poster whose glass is perpetually half full,...

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jefferies2

4,583 Posts.

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20/01/19

16:22

Post #: 37168616
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Originally posted by Cridz: ↑

Just a note on a couple of points, the diamond market is not "very strong" at the moment, it has been quite flat for the last 5 years, though has picked up a little since the lows of 2015-16. It is still around 20% below the 2011 prices. Argyle shutting down will have some impact on the market but it is already significantly reduced in volume. MED is not currently a producing mine and if it does start it will likely produce less than 0.1% of world production, will be good for MED but insignificant to the overall market. It may also not be the only producer in Australia as Gibb River Diamonds may also be producing this year, unlike MED they are not suspended!

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To be fair to the poster whose glass is perpetually half full, he didn't say that the diamond market is very strong at the moment. He said that the diamond market is a very strong store of value. I think it has been so, partly because of its relative flatness.

MED Price at posting: 0.6¢ Sentiment: None Disclosure: Not Held
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