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To: re3 who wrote (124012)	4/22/2001 10:11:10 PM
From: Glenn D. Rudolph	Respond to of 164684

Glenn, how would you categorize the diamond industry, cartel, monopoly, oligopoly ?? Ike, I can't say I know at the moment. I am watching closely. De Beers definitly has lost the ability to control the quantity of rough. My gut feel is the consumer could care less about brand named diamonds but De Beers is counting on that. My approach this year is to buy on a just in time basis. Two years ago, I played the higher end stones on the upside with the bubble stock market I expected a lot of demand and that occurred. Currently supply of rough and finished is adequate and demand world wide is not very high so upside is not likely. The few remaining De Beers site holders I believe are making an error by participating int he forced De Beers program. If one employees decent cutters, there is a lot of decent rough available out of Canada and Australia right now.