Diamdel, a De Beers subsidiary said demand for diamonds at its first cycle of auctions for 2012 held last January and February continued to strengthen with 300 lots having been sold.
The company had made 323 lots available compared to 105 lots in November/December 2011.
It said all major markets showed improved demand for rough, with the greatest pickup in demand displayed by Indian-based businesses.
Demand also improved substantially amongst Israel and Belgium-based businesses, whilst demand from Asia Pacific based buyers held steady, Diamdel said.
Meanwhile, the company said whilst demand improved further during the period for all Diamdel days product categories, growth in buyer requirements for near gem and smalls products were most pronounced.
‘‘The first sales of 2012 met with solid improvements in demand across all product categories and geographies,’’ said Neil Ventura, the chief executive of the rough diamond trader.
“All our indicators point towards a continued, broad based strengthening in demand in the coming weeks and into early Q2.”
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
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