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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 | | Month | Date | Sight Estimate | | January | 19-23 | $129 MIL | | February | 23-27 | $142 MIL | | March | 30-3 (April) | $258 MIL | | May | 5-8 | $323 MIL | | June | 8-12 | $548 MIL | | July | 13-17 | $350 MIL | | August | 24-28 | $480 MIL | | September | 29-2 (Oct) | $300 MIL | | November | 2-6 | $325 MIL | | December | 7-11 | | |
| | | DTC Sight Results 2008 | | Month | Sight 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 | |
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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.
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Tags:
De Beers, DTC
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