Diamond Shortage : An Opportunity - Accumulate R*** J*** Stock!!!

If you want to make money in the market for short/medium term then look for demand/supply mismatch and if you want to make money for long term then look for consistent earning based companies.....now here comes short term opportunity for you!!!

Rough diamond prices have risen sharply in the past few months after most miners such as De Beers, BHP Billiton, Rio Tinto and Alrosa cut their production following the economic downturn and financial constraints. De Beers recently revealed that it has reduced its first quarter production by almost 90 per cent in 2009.

The De Beers Diamond Trading Company (DTC) has raised the prices of rough diamonds by about five and 10 per cent since March this year, said a Mumbai-based jeweller. Most of the DTC's Indian sightholders were the worst-affected as prices of smaller roughs being supplied to the Indian market were raised between 3 and 7 per cent. Surat, the hub for diamond processing, imports about Rs 30,000 crore worth of roughs per annum, with De Beers supplying about 60 per cent.

Now due to shortage of diamond, the company which are doing business in diamond jewellery export are going to gain due to appreciation in price of diamond. Just like gold price appreciation, all the companies dealing in gold has made money. I am talking about one of the Jackpot calls R*** J*** which was given last week has already up 20% and expected to move up another 20% in next few days.

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-JK, Lead Associate, SLT