De Beers Raises Diamond Prices

Effective with the January sight, De Beers has announced an average 3% jump in diamond prices.

“Most prices will rise with the average,” the company said.

A statement noted that “demand for diamond jewelry improved in [the second half of] 2003, and expectations are for healthy growth in 2004. In addition, the decline in the dollar over the last six months has had a significant impact, decreasing the price of diamonds to consumers in over 40% of the world and increasing the cost of mining.”

In an interview with the Financial Times, managing director Gary Ralfe said additional price increases should be expected this year.

Log Out

Are you sure you want to log out?

CancelLog out