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Diamond News: Week In Review. 2/11/05
U.S. trading markets steady with strong sales in diamonds and jewelry for Valentine's Day. Pearl Jewelry hot with pendants and necklaces leading the way.
Gold holding steady at $418.30 after dipping earlier in the week and testing support levels at $411.00. Platinum holding steady at $871.00
DeBeer's reported record sales for 2004 and indicated that there will be further prices increases for diamond rough later in 2005. This will translate into higher prices for polished diamonds with continued scarcities in larger carat sizes and higher color/clarity combinations. Manufacturers expect that I-J-K color and SI-1 to SI-2 clarities in better makes will thus become more attractive purchase candidates by consumers.
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