September 22, 1999
CSO Plans Rough Price Increase
De Beers' Central Selling Organisation announced today it will increase prices at its Sept. 28 sight in a number of categories of rough diamonds.
Categories where demand is strong will see increases, while soft categories will experience declines in price, said De Beers spokesperson Andrew Lamont. "We've resisted increasing prices for 10 months," said Lamont, even as demand has grown in the U.S. market. Lamont said the balancing of increases and decreases in price will neutralize the overall impact on rough diamond prices.
- by Peggy Jo Donahue