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DTC hiking up price of rough

By Michelle Graff
January 11, 2008

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London—The Diamond Trading Co. (DTC) is upping the price of its rough diamonds 3.5 percent at next week's January sight.

In an e-mail to National Jeweler, DTC spokeswoman Louise Prior stated that the increase would focus on the higher-end range of rough and "other areas of strong demand."

She went on to state that the DTC would continue to amend prices "according to its assessment of prevailing market conditions."

DTC sightholders will receive summary updates on price adjustments in Feburary, May and August to align with major trade fairs and key selling periods.

The DTC, the distribution arm of De Beers, pruned down its list of sightholders late last year, cutting the total international number from 93 to 79.
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