(Rapaport) - Demand for rough diamonds improved significantly in January, leaving many to wonder if the sudden upturn is sustainable. Manufacturers demanded more rough than was available as miners De Beers and ALROSA limited their respective supplies amid continued uncertainty in consumer demand. For the first time in many months, De Beers boxes sold at a premium on the secondary market after the sight. ALROSA, it was reported, also managed to sell all its goods in January, and prices on the auction circuit soared. But while sightholders were quick to point out that the market mood is currently “much more positive,” it is important that stakeholders are aware of the factors that have underpinned the sudden turnaround in rough diamond demand.
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