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Diamonds: Market Trends
Diamond

From the Diamond Bank of Switzerland 2002 Annual Report...Rough sales were up by over 10% during 2002 with a lot of this additional stock being absorbed in the earlier months of the year. In general rough was in short supply and premiums were being asked for the most popular items. This only led to even greater pressure to source rough for manufacture, resulting in price increases by the producers later in the year.

In addition, there were reports of increased margins on the rough supplies from the DTC (Diamond Trading Corporation).

In the polished markets, the beginning of 2002 also brought optimism with many of the dealers and manufacturers buoyed by the sales at the end of 2001. This brought about a restocking of inventory and a level of activity that seemed to indicate that 2002 would provide high singular low double digit increases over 2001, with some companies reporting gains in sales of between 10% and 20% over 2001 during the first few months of the year.

For the latest market analysis, please visit the following links:

Diamond Bank of Switzerland - Market Analysis (www.banque-diamantaire.com/fr-ana.htm)

Debeers (www.debeersgroup.com)

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