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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
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To: George J. Tromp who wrote (2106)6/7/1999 2:47:00 AM
From: E. Charters  Read Replies (1) of 2251
 
Thanks for the response, fool, but I had thought that the average increase in value from rough to cut was about 10 times. What it is difficult to establish is the cost of the cutting and marketing process, although I am sure it is considerable.

I would think that a 30 carat stone, if high quality and good colour would fetch about 15,000 a carat, even rough. I guess it depends on the stone. I was told some peach coloured diamonds that did not exceed 60 carats in weight were among the most valuable diamonds in the world.

With the focus for production moving to Canada and more companies striking out on their own to compete in the gem trade independent of the CSO, it would appear that the market is in danger of becoming competitive. This will not augur well for prices and we might have a copper-like meltdown. It would seem to me as well that it is one thing to make cut gems but another to sell them. I personally would not buy a diamond over the net. Most people would rather look at them in a store and see the quality first hand. Returns would be hard to arrange with any security unless they were micro-marked as DeBeers plans to do. As well I think many sellers will find the jewelry trade has some obligations to the senior marketers and will be hard to place with.

This market will be a fierce one to crack for the Ekati and REX. I would hesitate to predict success.

EC<:-}
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