DTC: Rough prices up 16 percent in 2008

Diamonds

Save

E-mail

DTC: Rough prices up 16 percent in 2008

By Michelle Graff

August 19, 2008

Similar Stories | Topics

STORIES

Decreased diamond demand forces smaller sights

DTC gives four diamantaires 'accredited business' status

DTC releasing more money for holiday ads

DTC: Rough prices up 16 percent in 2008

London—Prices for rough diamonds obtained from the Diamond Trading Co. (DTC) have gone up a cumulative average of 16 percent over the course of 2008, the DTC announced Tuesday.

The DTC announced its average cumulative increase for the 2008 sights at the request of sightholders. This figure includes all increases since January 2008 and includes any increase implemented at the August sight scheduled to take place this week.

DTC spokesperson Lynette Gould said specific price increases for August were "nothing of any note," and that the 16 percent cumulative increase is mainly a reflection of the price hikes implemented at the July sight.

Prices there went up an average of 5 percent across the board, and as much as 15 percent for larger goods.

In the release issued Tuesday, the DTC states that, not surprisingly, the goods more strongly affected by the increases over the course of this year have been larger, higher-quality goods; boxes of rough that will yield the "highly sought after" polished stones of above SI clarity and over 1-carat in size.

In a previous interview with National Jeweler, the DTC has stated that it is consumer demand for diamonds, especially in emerging markets, that continues to push up the price of rough.

"The DTC takes a long-term, sustainable view on its pricing and decisions are influenced first and foremost by demand for polished," Mahair Borhanjoo, executive director of sales and client services for the DTC, said in the statement released Tuesday. "So far, during 2008, the DTC has seen strong and continuing consumer demand for most categories of polished diamonds, especially in the larger goods."

While the DTC now provides price increase information at three points during the year—ahead of annual results and before the major trade shows in both Las Vegas and Hong Kong—Tuesday marks the first time the DTC shared a figure that summed up the average of all increases for the year to date.

Save

E-mail

Diamonds

GIA Lab offers Holiday Express Service

Carlsbad, Calif.--The Gemological Institute of America (GIA) has announced that the GIA Laboratory will again offer its Holiday Express Service during the holiday season, from Dec. 1-19. Read More

Report: Luxury consumers becoming more discerning

'Unbreakable Kiss' supports AIDS research

More Diamonds

More Like This

Decreased diamond demand forces smaller sights

October 21, 2008 | National Jeweler Network

Decreased diamond demand forces smaller sights

October 21, 2008 | National Jeweler Network

DTC gives four diamantaires 'accredited business' status

September 17, 2008 | National Jeweler Network

DTC releasing more money for holiday ads

August 26, 2008 | National Jeweler Network

DTC: Rough prices up 16 percent in 2008

August 19, 2008 | National Jeweler Network

Video

Retailer Toolbar

LoupeIt!
A search engine designed specifically for the jewelry industry where every return is relevant to the retail jeweler.

Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.

ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.

Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.

Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.

CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.