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‘Reasonably positive’ diamond pricing trend continuing – Anglo

22nd April 2016

By: Martin Creamer

Creamer Media Editor

  

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Rough diamond sales continued their “reasonably positive” pricing trend at this year’s third sales cycle, Anglo American reported last week

The latest De Beers sale raised $43-million more than in the second sales cycle earlier this year.

The increased value of $660- million in the third cycle, compared with $617-million in the second, was attributed to polished diamond sales at wholesale level supporting a “reasonably positive environment” for rough.

De Beers Group CE Philippe Mellier reported that 2016 had so far seen “significantly stronger” rough diamond demand than at the end of 2015, but cautioned that upcoming seasonality would now likely lower that demand.

Diamond consultant Dr John Bristow last month expressed the belief that a combination of clean-out and restructuring of the midmarket occupied by cutters and polishers, coupled with supply constraints, would combine to put the global diamond market back in sync in the next 18 to 24 months.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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