RE: Debt11 Feb 2024 00:49
Asimpleinvestor
Posts: 5,792
Price: 0.44
No Opinion
RE: Estimated diamond value £47m31 Jan 2023 12:18
"Even if it is worth £1000 per carat, then it is far more than £47m"
If the bag contains 129,000 carats of high quality rough diamonds then yes, it would be worth many times that but the reality is that you tend to find 1% of high quality diamond per tonne hence the value. The cache is more likely to be worth $50-$100 a carat with maybe the odd few high quality carats thrown in for luck.
coming out with the same stuff as now