Robert Bezede
Long/short equity, Deep Value, value, Growth

Dominion Diamond Is The Cheapest Diamond On The Market Offering 76% Upside

(click to enlarge) ^Sourced from the Financial Post, Ekati Diamond Mine While many investors have profited from purchasing gold coins over the decades, the same cannot be said for those who purchased diamonds in hopes of turning a profit at the local jeweler. Before even considering transaction costs, the average wholesale price of one-carat top quality stone has fallen by over 80% in real, inflation-adjusted terms over the past 30 years. A lack of pricing growth, paired with the impact of inflation, has masked the underlying truth behind purchasing these beautiful stones, a diamond may be forever but it is a terrible investment. In light of this clear underperformance, the diamond market is an $80 billion industry that is expected ...
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