Rough Diamond Prices Down in 2011

Mining Weekly reported rough diamond prices were down for 2011 as the economic crisis in Europe affected demand.

As quoted in the market news:

London-listed Gem Diamonds reported on Thursday that the average value of its fourth-quarter Letšeng sales was 23% weaker on a year-on-year basis, with the company achieving $2 543/ct, down from $3 291/ct in the same quarter of 2010.

Click here to read the full Mining Weekly report.