mike04456
Brilliant_Rock
- Joined
- Nov 20, 2002
- Messages
- 1,441
Expectations of record De Beers sales
"De Beers has already indicated a 10% target for price increases this year, having started with an increase at the first sight this year."
It''s my understanding that the increase for 2003 is due almost entirely to price increases, not increased volume. Supplies in the rough market lately have been very tight. De Beers'' long-term plan is to "grow" the diamond market by 50% over the next decade. Many analysts think this essentially means a 50% hike in prices since the volume is not really there to support such an increase in sales.
"De Beers has already indicated a 10% target for price increases this year, having started with an increase at the first sight this year."
It''s my understanding that the increase for 2003 is due almost entirely to price increases, not increased volume. Supplies in the rough market lately have been very tight. De Beers'' long-term plan is to "grow" the diamond market by 50% over the next decade. Many analysts think this essentially means a 50% hike in prices since the volume is not really there to support such an increase in sales.