The following article appears courtesy of Rapaport Trade Wire
Intellectual property of Rapaport
The Diamond Trading Company’s (DTC) March sight had an estimated value of $420 million as both prices and assortments remained consistent. Sightholders were satisfied with the DTC boxes, saying that De Beers is currently offering the best value on the market. One sightholder added that: “The more you see of outside goods, the cheaper DTC looks.”
De Beers pledged during the February sight to keep prices stable in the short term, barring “any further major changes in market conditions.” Sightholders said they expect this stability to last at least until the JCK Las Vegas show in June.