DTC raised rough diamond prices in July which normally take ca. 6 weeks to trickle through to corresponding rises in polished prices.
» DTC raises rough prices 5-15 percent - news item from the Antwerp Facets News Service (AFNS).
[AFNS] LONDON, U.K. 9 July 2008 - De Beers Diamond Trading Company (DTC) increased prices for rough goods by an average of a little more than 5 percent at its July 7-11 sight, the sixth of the year. Prices for better goods that produce polished weighing more than 1 carat went up as much as 15 percent, while prices for I quality goods remained unchanged.
The company has promised to release advance pricing information before the sights that preceded the JCK Las Vegas Show in May and the September Hong Kong trade show, which will mean it will disclose information again before the August sight.
It released detailed information to sightholders before the July sight at their request.
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