Owing to solid sales through the first half of 2004, the London-based Diamond Trading Co. is raising its prices of rough diamonds by an average of 5%, with most categories rising in line with the average.
The Diamond Trading Co. is the rough diamond sales arm of De Beers.
Assortments will remain consistent but, as usual, box mixtures, and therefore prices, may vary according to intake. The first half of 2004 has shown good growth in retail sales of diamond jewelry across the consumer markets, with initial estimates around 7%. This has resulted in a decline in polished stocks held in cutting centres and a rise in the price of most categories of polished diamonds.
Consumer confidence is up and macro-economic indicators continue to grow, suggesting strong consumer demand for the second half of 2004.
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