BrianTheCutter
Shiny_Rock
- Joined
- Jul 26, 2002
- Messages
- 146
As regular visitors to Pricescope know, De Beers raised its prices for rough this week. Initially, the company said that they amounted to a 5% hike overall.
As this present site is drawing to a close (8/16 – 8/20) it appears that after viewing the new rough boxes, that this is translating into a range that could reach up to 10%. Whereas previous price increases by De Beers affected only the larger and better quality goods (high colors and clarities G+ and VS+), this price increase is affecting smaller goods and the lower quality ranges even more. These have increased at more than the average 5%, at up to 8 -10%.
I''ll keep you posted on market conditions as boxes are delivered and goods are manufactured.
As this present site is drawing to a close (8/16 – 8/20) it appears that after viewing the new rough boxes, that this is translating into a range that could reach up to 10%. Whereas previous price increases by De Beers affected only the larger and better quality goods (high colors and clarities G+ and VS+), this price increase is affecting smaller goods and the lower quality ranges even more. These have increased at more than the average 5%, at up to 8 -10%.
I''ll keep you posted on market conditions as boxes are delivered and goods are manufactured.