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by JoshuaEddy
1874 days ago
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The comment predicts a precipitous fall in price. A gem-quality diamond price index [1] shows fluctuation but nothing precipitous: Jun 7 2018: 124.79 (day of Reddit comment) May 4 2021: 124.27 (today) The reddit comment ignores obvious macroeconomic trends. Growth of middle class in China and India are adding to the diamond demand (a lot), in addition to general global population growth and greater purchasing power. [1] http://www.idexonline.com/diamond_prices_index |
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