Eric, rough diamond prices had begun to improve late 2019, covid put about a 20-25% hit but since June 2020 prices have been rising with recent rises quite large. With the range of diamond prices in size, colour and quality it is difficult to put a definitive price increase but the industry sees the current market at or near the 2011 peak. In 2011 the prices dropped back 20% straight after the peak.
Back then there was an over supply of rough building that continued for the next 7-8 years that really subdued the prices.
Currently we don't have the supply levels so prices may continue to rise, though there is a feeling that manufacturing profit has dried up and it is purely a lack of supply, partially Covid driven. Would not be surprised to see a small correction sometime in the next few months.
- Forums
- ASX - By Stock
- LOM
- diamond news
diamond news, page-5263
-
- There are more pages in this discussion • 511 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
RNU
Renascor wins a funding boost given it wants to produce a critical mineral – but $5M award pales in comparison to some
Add LOM (ASX) to my watchlist
|
|||||
Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 31257 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
1 | 431000 | 0.059 |
1 | 17240 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 31257 | 1 |
0.068 | 150000 | 1 |
0.069 | 42000 | 1 |
0.070 | 92518 | 2 |
0.073 | 10000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |
Day chart unavailable