BrianTheCutter
Shiny_Rock
- Joined
- Jul 26, 2002
- Messages
- 146
The De Beers sights are over and dealers are bracing for the impact of higher
official prices for better-quality roughs that cut polished from 1 to 3 carats.
Some commentators say they doubt whether the market will be able to
absorb the increase and that dealers will simply have to work on pancake-thin margins.
In other words, the margin squeeze will get worse.
To me, the ideas of massive price resistance or massive refusal to buy seem
like wishful thinking.
In support of this, I note that the discount rate from Rapaport
(The price sheet,traders use) is shrinking. And all the while, Rapaport is steadily raising prices.
So the market is adjusting to reality.
That means that, like it or not, prices, which have been acting uppity for some time, will continue to do so.
I have no choice—nor do any of my peers—but to pay the piper.
official prices for better-quality roughs that cut polished from 1 to 3 carats.
Some commentators say they doubt whether the market will be able to
absorb the increase and that dealers will simply have to work on pancake-thin margins.
In other words, the margin squeeze will get worse.
To me, the ideas of massive price resistance or massive refusal to buy seem
like wishful thinking.
In support of this, I note that the discount rate from Rapaport
(The price sheet,traders use) is shrinking. And all the while, Rapaport is steadily raising prices.
So the market is adjusting to reality.
That means that, like it or not, prices, which have been acting uppity for some time, will continue to do so.
I have no choice—nor do any of my peers—but to pay the piper.