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Sunday, April 15, 2018
According to some reports, De Beers received about $ 560 million following the results of the last week's May website, and the diamond market showed stability.
Rapaport cites the statements of sightholders, whose names are not disclosed, that the prices for some boxes have been slightly adjusted, but on average the prices and the range have not changed.
"The market remains stable, but at high prices for rough diamonds, we as diamond producers are forced to work with extremely low profit margins," said one of the site's participants. "In some categories, De Beers prices are kept at a high level, but diamonds are being sold, and there is demand for diamonds, so there is not enough evidence in favor of lower prices."
Dealers interviewed by Rapaport noted that trade in rough diamonds in the secondary market slowed, and boxes are sold with premiums of about 5% and with payment by installments.
It is noted that demand for rough diamonds fell after De Beers raised prices on the March and April sites.
Sightholders also noted that liquidity on the market has declined over the past month, as prices for rough diamonds have risen, and opportunities for selling large volumes of diamonds are complicated by delays in certification of the Gemological Institute of America (GIA).
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