Pentacost this is not a diamond bull market. Polished prices for most product ranges have been declining for several months. Indian manufacturing very quiet. Small and brown rough very poor market. DeBeers first sale for year lower prices overall. Most diamond companies share prices lower. All this information comes from DeBeers, Rappaport, Diamond Brokers and other sources.
Once ASX issues sorted, they still have the issue of digging enough diamonds economically. In my opinion the current team do not have the diamond mining/processing/marketing knowledge to make this work, until something dramatically changes they will continue to repeat the previous 10 years. The images KPT shared actually highlight the small pipes and associated technical issues of mining narrow pipes.
MED Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
