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Entries in Rough (7)

Monday
Dec192011

DIAMOND PRICES - strong recovery after the economic crisis

Saturday
Aug272011

ROUGH DIAMOND MARKET overview

A sharp decline in rough prices at BHP Billiton’s August spot tender sent jitters through the market. Traders said overall prices fell by around 20% over the previous month. Premiums on DTC boxes in the secondary market also dropped. DTC raised prices in some areas through assortment changes during the sight, which was estimated at around $800 million. Most traders agreed a correction was necessary. “Premiums were too high and rough was going up too fast,” said one trader. “There are people that probably have a cash issue and are hitting the panic button,” he said. Many however are expecting DTC to sell less following this months’ large sight. “The next three sights will be smaller,” said a market player. “The DTC sold over $5 billion so far, for the full year we are expecting around $7 billion.” Polished Prices 27.8.11

Thursday
Aug252011

A century on, reinventing the rough diamond broker

Originally serving as a link between De Beers and diamond manufacturers aiming to become sightholders, the role of the large diamond brokers has expanded considerably in the past decade.

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Monday
Aug152011

Market Report for Diamonds

DIAMOND MARKET OVERVIEW
Market sentiment has turned more cautious. With the global economic uncertainties gripping financial markets, the Swiss franc’s strength causing real concerns in the watch industry, which is a major buyer of small, better quality diamonds, and a real possibility of a double dip recession in the US,

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Friday
Aug052011

Rio Tinto Diamonds Posts $10M Loss for H1

Rising rough diamond prices were not enough to keep Rio Tinto's diamond operations profitable. Lower production and increased costs eroded Rio Tinto Diamond's bottom line in the first half of 2011.

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