Buoyed by encouraging retail signs in the U.S. and Asia, De Beers allocated another large sight in February ‒ an estimated $730 million ‒ but left prices at January levels.
Premiums on De Beers’ sight boxes rose on the wave of optimism and increased prices at tender sales in January, but De Beers’ executives held the line of prices. They are probably waiting for the results of March’s Hong Kong show to gauge the true state of the market. Diamond dealers hope that rising demand will lift polished prices, which have been stagnant for most of last year. The next sight is the first week of April.
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