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Prices stable as premiums improve De Beers January sight had an estimated value of $550 million as the company continued to limit supply. Prices were basically stable with slight changes made to assortments.
Demand for rough diamonds is increasing. Rough traders are competing for goods, which has driven up prices of DTC goods over the past few days.
De Beers Diamond Trading Company (DTC) December sight had an estimated value of $490 million with sightholders still concerned about their ability to profit from manufacturing.
Arguably, the Canadian diamond industry’s best years have passed. While its flagship Diavik and Ekati mines are aging, the mines being developed are not of the same scale or value. But they are among the more attractive new diamond projects out there and Canada remains a relatively unexplored diamond frontier compared with other countries.
De Beers sold an estimated $480 million worth of rough diamonds at its November sight that ended this past week. Sightholders continue to note difficult market conditions and low profit margins as De Beers has curbed supply and kept its prices steady. “It was a smaller sight than October but it went well,” said Nigel […]
De Beers’ Diamond Trading Company (DTC) sold an estimated $750 million worth of rough diamonds at its October sight recently, while maintaining prices relatively stable.
For many laymen diamonds are mainly associated with South Africa and rarely with Canada, even though the country is one of the three largest global producers of these precious stones..
Last August, The Daily Telegraph newspaper reported that Anglo American’s chief executive Cynthia Carroll had been asked by the company’s shareholders to step down.
The Diamond Source Warranty Protocol, launched this week by various U.S. trade organizations, is a step in the right direction in that diamond suppliers need to guarantee the authenticity of the goods they are selling.
With their Diamond Trading Company (DTC) boxes in one hand and Philippe Mellier’s letter in the other, sightholders appeared more interested in their rough allocations at last week’s sight than what the De Beers chief executive had to say.
De Beers sold an estimated $750 million worth of rough diamonds at the Diamond Trading Company (DTC) October sight this past week, while maintaining prices relatively stable.
After having been almost scrapped in 2007, De Beers’ secondary market seller Diamdel underwent profound renovation when the company decided to transform it in an online auction sale program.