
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.
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