Experience the New RapNet Website today

Rapaport News


Rough Markets


Advanced search
Latest Articles
Rough Markets
Polished Markets

Diamond News Broadcast

Higher Prices at De Beers, BHP Boost Revenue
Aug 24, 2011 7:00 PM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share


Download MP3 audio. The August Diamond Trading Company (DTC) sight experienced an average price increase of 4% to 8% and the overall sight estimate was up 48% year on year. But most of that increase was due to rough price hikes. Sightholders  expect DTC boxes to continue selling close to list  due to current liquidity issues facing some manufacturers.  BHP's diamond sales jumped 12% in its fiscal year through June 2011, and even though production fell 18% -- again, higher rough prices  compensated for a production decline. Retail results coming this week include Signet and Tiffany & Co., and Zale announces results next week. Michael Hill though reported strong fiscal year results and all regions experienced sales increases except for the U.S.   Record gold prices led to a boost in second-quarter demand in terms of value. Demand for gold jewelry rose 6%, and in terms of value that figure jumped 34% to $21 billion.




Tags: diamond, gold, Jewelry, prices, Production, Rapaport News, rough
Similar Articles
Similar Videos
Botswana Reaches Out to Jewelers for Further Diversification
Jun 17, 2014
Botswana’s Minister of Minerals, Energy and Water Resources, Onkokame Kitso...
avi krawitz varda de beers sorting
Factors Affecting Rough... Varda Shine Discusses... De Beers YTD Sight...
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
All Content © Copyright 1982-2017 by Martin Rapaport. All rights reserved.  
twitter twitter
About Rapaport
Advertise with us