Sight Prices Up Across the Board (Updated)

(IDEX Online News) – Cashing in on continued demand for rough diamonds, prices at the Diamond Trading Company’s Sight this week were increased for almost every single box. With few exceptions, prices were hiked by 5%-10% across the board. According to initial reports, an exceptionally large amount of goods is being sold.

Diamond traders are speaking of a DTC shock effect, a combination of price increases and a very large Sight, speculating that the leading diamond supplier is trying to stifle the wide speculation purchases and high premiums.

The price of the nicer goods is up 5%-10%, Commercial boxes were hiked by some 10%-13% and the popular smaller goods climbed 3%-15.5%.

(Last updated July 19, 2011 10:09 am)