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De Beers Plans Price Increase
June 27, 2008
In an unusual move, at De Beers' recent Sun City conference, Diamond Trading Company managing director Varda Shine announced there will be a price increase at the upcoming sight. The people I spoke to thought that it would be on the stones that have gone up in price recently, rather than on low-end goods, and the increases could range from 5 to 10%.
This could be a test of the market; if premiums persist despite these increases, we are truly seeing worrisome speculation.
By the way, Diamond Shavings is here; this is a little Friday extra ...
Posted by Rob Bates on June 27, 2008 | Comments (0)
