Gem Diamonds Forum

Panmure's note on Gemfields is up on Research Tree: "Gemfields today announced the results of its lower quality auction held in Jaipur last week that confirmed another auction record, in average $/ct values. Overall revenues were in line but the company is noting that, along with the diamond industry, buyers are not willing to pay a premium for goods as to where significant uncertainty remains on the quality of finished goods. We remain..."

GEMD tanking a bit

Excellent set of results...

I bought in at 2.00, experienced a 10% profit then have seen it fall quite a bit since then. Not worried though and wearydoc's words sum up exactly why. This is certainly one of my stronger diamond mines.

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