see it like stock market..
there could be some stock traded below its price to book value
but the book value is yet to be revised, for example a company own a piece of land which valuation was set 10 years ago
same goes to gem
i think it is something to do with diminishing return mentioned above,
the 2nd/3rd tier gem become more expensive, but the 1st tier gem is yet to reflect its true book value~
Gem Talk v1, Gem market, trading and price!
Oct 8 2012, 02:01 PM
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