De Beers Rough Diamonds
De Beers the sold $540m worth of
diamonds in its first of sale of the year more than double the value of
the sales achieved in the final sight of 2015.
Prices for rough diamonds softened last year because of an oversupply of
diamonds in the production centres forcing companies such as De Beers
and Alrosa, to cut their supply of rough to the market in an effort to
restore prices.
Rough diamond demand broadened across the entire range as cutting and
polishing factories began to increase their production.
De Beers has said it will change the way it operates its sights to
become more flexible and responsive to its clients.
Source; DCLA
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