The company De Beers in the course of the February site has left as a whole without changing the price of its rough diamonds, Finmarket.ru reports with reference to Rapaport.
The volume of the February site Rapaport estimates at $ 650 million. According to Idex Online, the De Beers group sold diamonds worth $ 730 million.
According to De Beers representative David Johnson (David Johnson), the company takes a cautious approach to price increases, as the price should reflect a real state of the market. As Johnson notes, the price of diamonds is moving in the right direction, and diamond stocks in the stocks of cutters and jewelers slightly declined, while premiums in the rough diamond market looked overpriced.
The demand for diamonds remains high, despite the price increase of De Beers in January. In January, De Beers raised prices by an average of 5% on the back of stable demand caused by production growth after the end of the Indian holidays, during which purchases were declining.
Expectations of price growth on the February site were caused, among other things, by the positive dynamics in the secondary market on the eve of the February site. Some De Beers boxes were resold with a more than 10 percent premium. Most of all, diamonds are in demand, of which diamonds are less than 1 carat.