Dust flux, Vostok ice core

Dust flux, Vostok ice core
Two dimensional phase space reconstruction of dust flux from the Vostok core over the period 186-4 ka using the time derivative method. Dust flux on the x-axis, rate of change is on the y-axis. From Gipp (2001).

Sunday, June 17, 2012

Extended price fall for diamonds--is QE3 on the way?

We have presented price info for diamonds previously, with particular attention paid to the impact of quantitative easing programs on diamond prices.

The price of diamonds has fallen more or less steadily since its peak in June of last year.

The price of the RAPI index for 1-ct diamonds is off about 15% from last year's peak.

The RAPI index for 3-ct diamonds was off nearly 2% in May alone, as compared to 1-ct diamonds which were down only about 0.5%. As the larger diamonds are in the $90,000 price range (which is a bit high for me), I interpret this as a sign that the well-heeled clients have spent the last of their bonus money and are in need of another bailout.

It may be worth repeating here that diamond exploration effort has fallen dramatically over the past few years--currently about 2.5% of (non-fuel mineral )exploration money is spent on diamonds--in 2006, it was 12%.

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