Saturday, July 25, 2009

The Diamond Business Drops Precipitously

Link here. It's interesting to note that diamond traders have bid prices up substantially since the March equity market lows. A major mistake in my estimation. This is no different than the agriculture industry where the input prices are still rising yet the end product demand remains weak and will eventually weaken further. A required dynamic for a complete bust. Will see see one in diamonds?
posted by TimingLogic at 12:37 PM