Rough buyers are competing for goods, this has driven up prices from Diamond Trading Company. Sight holders said that the assortment in sight boxes were better for the price.
The DTC first Sight of the year is being held this week, with sight holders reporting premiums. DTC boxes have sold to the trade at a 5 % + premiums.
The reason given for the robust demand for rough.is a reported shortage of better quality polished.
Demand for DTC goods has been low and premiums were either low single digits or non-existent. This is a welcome turnaround from the recent slow market.
DTC has expressed an interest in keeping prices in the market high.