De Beers’ distribution arm, the Diamond Trading Company (DTC) reduced the average size of goods in the boxes offered at its Sight, in London this week.
Idex Online reports that the move resulted in a general decrease in prices.
It said sightholders noted that the price of most boxes were between 2 and 13 percent lower, and in a couple of cases 30 percent below December prices.
Idex Online noted that DTC had “a real price reduction in many boxes, not just a result of lower cost assortments”.
However, DTC did not announce a price reduction.
Prices of about a third of the offered lots at BHP Billiton's auction earlier this month were also decreased while bidders paid mid- to high-single digit more for the rest, it said.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
