June 18, 2001
Diamond Dealers See Falling Rough Prices
Concerns among diamond dealers about falling rough diamond prices increased last week as sightholders reported prices for some ranges of larger rough sizes were cut by 5% at last week's sight, or diamond sale, the Financial Times reports. In addition, Ascorp, the company with sole marketing rights to Angola's diamonds, lowered its prices by 5%. Argyle, which mines Australian diamonds, and BHP, which mines Canadian diamonds, are both under pressure to lower rough prices as well.
- by Julia M. Duncan