DTC to Raise Prices About 3%

June 1, 2005

DTC to Raise Prices About 3%

The Diamond Trading Co. will make a price adjustment at its June 6-10 sight, when its clients, called sightholders, receive their rough diamond allotments, it announced June 1. The price increase will vary from box to box, DTC said in a statement, focusing on categories where there is the strongest demand for polished.

DTC said it was raising prices following a strong first quarter in key consumer markets. It also said projections for continued consumer confidence fo the rest of the year affected its decision.

De Beers had one other price increase of 3% earlier this year.

by Peggy Jo Donahue

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