Elephant in the Room: Gem Quality, page-73

Davisite, your 17.43 post is spot on.Which means that either the market believed that the returns to be achieved by marketing as cut/polished substantially exceeded the costs of value adding and marketing in that form, or to day's reaction was way overdone. I incline to the latter view. Nevertheless significant damage has been done, and I will be watching CJ's body language v. closely at the Roadshow in Melbourne on Monday.