IDEX Report on Diamond Price Hike

Major Diamond suppliers like Diamond Trading Company (DTC), bids at BHP Billiton’s spot market, and major rough diamond suppliers, offering Angolan and DRC goods have raised prices.  The DTC raised prices by 4-5 percent on average,  estimated at $470-$480 million.

The press release is quoted as saying:

In the case of the DTC, when comparing prices from Sight 4 in 2009 to the last Sight, the price of many boxes rose by about 40 percent. DTC goods regained about half of the loss. For example, Chips 4-8grs rose by 39.5 percent to $667, MB -5+3 rose by more than 43 percent, MB High -7+5 increased by 40 percent, Commons 2.5-10ct  shot up by 51 percent (before the premium of around 20 percent), Commercial 2.5-4ct rose by 45 percent. Conversely, MB 4-8grs rose by 20 percent and the price of the Commercial 5-14.8ct is practically unchanged.

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