DTC to Allow Deferments as Rough Market Chokes
The Diamond Trading Company (DTC) has informed its sightholders that they can defer goods at the next DTC sight as diamond cutters face tight liquidity and low profit margins.
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IDEX rough diamond market report: stuck in a rut
The rough diamond sector is in trouble. Not only the low demand, high costs, increasing inventories, weak polished prices or low liquidity testifies to this. People are also pessimistic. So much so, that they apologize for their gloomy descriptions.
Botswana’s Decision
There’s a dark horse lurking in the shadows of the diamond industry in the form of the Botswana government. Not only is it about to become a major rough diamond supplier in its own right – that is, independent of the Diamond Trading Company (DTC) – but it may soon gain more of a say […]
DTC June Sight Estimated at $540M
The Diamond Trading Company’s (DTC) June sight had an estimated value of $540 million. The De Beers rough distribution company made slight adjustments to prices and assortments that enabled the boxes to maintain their value. DTC reduced prices on some boxes and increased prices on others.
ALROSA? The recommendation is Strong Buy!
The transformation of ALROSA into a public company and its subsequent access to the stock exchange were accompanied by rosy forecasts from stock market analysts and by blissful expectations on the part of traders.
DTC’s letter to its sightholders
Dear Sightholder, We are conscious that the value of diamonds is ultimately driven by consumer demand and prior to the JCK Las Vegas show, we wanted to provide you with an update on the evolution of our average prices.
DTC May Sight Estimated at $520M
The Diamond Trading Company’s (DTC) May sight achieved an estimated value of $520 million. The De Beers distribution unit made slight adjustments on its prices, by increasing some boxes while decreasing others.
Rough Economies
Two trends have emerged at the start of the second quarter that will likely influence diamond trading for the remainder of 2012. One, rough prices have increased while the polished market continues to tread cautiously. Two, growth is being spurred by demand in traditional markets while the emerging markets are relatively restrained, thus reversing the […]
2011 Diamond Pipeline: Chasing Paper Profits
Last year was an excellent year for us,” said the outgoing De Beers chairman Nicky Oppenheimer at a party with clients. “If you didn’t make money, then you are obviously in the wrong business,” he semi-quipped before a stunned audience.
DTC March Sight Estimated at $520M
De Beers Raises Prices Slightly… De Beers raised prices slightly at the Diamond Trading Company (DTC) sight this week as the mining company has curbed its rough supply in the first quarter of 2012. The March sight had an estimated value of $520 million with prices up an average 2 percent to 3 percent.
Moving DTC
The transfer of De Beers Diamond Trading Company (DTC) from London to Gaborone is well under way and couldn’t come sooner for Botswana. The move marks exciting times for the southern African nation and is set to be a catalyst for much-needed economic diversification and, hopefully, significant job creation.
DTC’s February Sight Estimate is $600M
De Beers Keeps Prices Stable The Diamond Trading Company (DTC) February sight ended Wednesday with an estimated value of $600 million. The De Beers distribution unit kept prices stable with minor adjustments on specific items. The sight one year ago this month was estimated at $690 million.