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Diamond News Broadcast

Nov 11, 2009 6:00 PM   By Rapaport News
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RAPAPORT...

The Diamond Trading Company's November sight, No. 9 for the year, ended with an estimated value of $325 million. Participants observed higher prices and added that they were concerned that artificial forces were behind the hike. The DTC's sight was on par with November 2008 in value and was in line with De Beers pledge that the final two sites of this year would be small. Rapaport's Avi Krawitz reports on the details. Also look for the 2010 DTC sight date calendar in this broadcast. 
 

DTC Sight Results 2009
MonthDateSight Estimate
January19-23$129 MIL
February23-27$142 MIL
March30-3 (April)$258 MIL
May5-8 $323 MIL
June8-12$548 MIL
July13-17$350 MIL
August24-28$480 MIL
September29-2 (Oct)$300 MIL
November2-6$325 MIL
December7-11
 
DTC Sight Results 2008
MonthSight Estimate
January$628 MIL
February$639 MIL
March$585 MIL
April$703 MIL
June$745 MIL
July$774 MIL
August$780 MIL
September$645 MIL
November$323 MIL
December$108 MIL
Note: In the above table, Rapaport has revised its estimates for 2008 and the first half of 2009 to reflect De Beers DTC reported sales for those periods.
Tags: De Beers, DTC
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