De Beers Diamond Trading Company (DTC) has increased the average prices of rough diamonds more than 5% at its sixth sight distribution July 7-11. While the average was over 5%, the price of higher quality rough diamonds over one carat increased as much as 15 percent.
The next sightholder rough diamond distribution, scheduled for the week of August 18, will likely have further price increases.
The prices of polished diamonds tend to track closely with the rough diamonds because the cutters and wholesaler have to pass on the increased cost of new diamonds. It is only a matter of days or weeks before the retail market reflects these increased diamond prices in polished diamonds and diamond jewelry.
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