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Diamond Prices Going Up-Again!
So what else is new?
De Beers is considering an increase in its rough diamond prices in the course of this year.
The Sunday Times in South Africa quoted De Beers managing director, Gary Ralfe, as saying that the scope for an increase in rough prices existed as there was no large increase in diamond supply at the global level.
To meet anticipated growth in demand for diamonds, De Beers needed to produce more carats and this would be the focus of its strategy for the upcoming five years.
Bet on several increases this year, folks, and corresponding increases in the cost of polished diamonds.
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