28 days to auction (20 trading days), page-67

Being the only recent definitive figure of a sale of rubies to work on it is only natural that that is a price point set in peoples minds.

What CJ says is immaterial to many, they want to see results before committing to MUS or committing more funds to MUS if they are already part in as a hedge.

All it means is instead of getting a rise in price pre auction we will get a significant rise post auction if in fact the price beats current expectations and is as CJ feels reasonably confident of and that is a price per carat north of $100USD