Kensington Resources Ltd. (V.KRT) * Diamond in the rough! Message Board

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Gold/Mining/Energy : Kensington Resources Ltd. (V.KRT) * Diamond in the rough!

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To: Bozena Radvenis who wrote (567)	10/23/1997 10:40:00 PM
From: Richard A. Boulay	Read Replies (1) of 5206

Article - interesting but misleading customnews.cnn.com Whoa!!!! A good case of stating an opinion and then surrounding it with irrelevant facts to confuse the reader - not that I think its intentional. Here's a fact DeBeer's revenues and profits have been rising merrily for 10 years, no end int sight. My opinion. There is a shortage of diamonds in the one to six carat range not a glut. If there really was a glut don't you think the constant stream of DeBeer's TV commercials would highlight one and two carat stones (cut from two to four carat rough) rather than the earrings and "anniversary bands" stuffed with tiny stones. The shortage of rough products in the plus one carat range is actually keeping prices down since the lack of product prevent the launch of the massive marketing campaigns needed to penetrate the ultra large markets like India and coastal China, similar to the initial penetration of the Japanese market twenty five years ago. Diamond economics are like mineral water economics, they are different from most commodities and the obvious does not always apply

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