De Beers Cuts Prices

De Beers Diamond trading ‎Company (DTC) reduced sight prices by an estimated average of 8 % at its week. The sights total value is estimated at $580 million USD and ‎all site boxes were taken. ‎

Price were down across the range with reductions of up to 17 % for better-quality goods.‎

DTC is said that rough prices have now in line with ‎polished, which have since stabilized. ‎

DTC sales have declined by 23 % year on year to about $4 billion. ‎