Gem Diamonds - GEMD Stream Log

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.

Welcome to the new Gem Diamonds stream forum! Messages posted in the Gem Diamonds stream will be logged here for posterity.