RAPAPORT... Reports out of the Diamond Trading Company's (DTC) April sight, its fourth of the calendar year, indicated lower prices and a drop in overall value compared with March. The sight had an estimated value of about $580 million -- March was about $600 million.
"It was not a big sight and, it included some extra goods that DTC had to offer," one broker told Rapaport News. "This was expected given that it [the sight offer] is based on the delivery schedules of the sightholders."
"The bigger sights are generally the sixth and seventh of the year," he added.
There was mixed reaction to the quality of goods supplied by DTC this month. "The quality was a bit lower than before, but the prices were adjusted accordingly," said another sightholder who added that he felt the goods coming from DTC are still better than from other suppliers.
Others suggested that the April sight was much the same as the four previous offerings.
"It was very much like last time, no changes, prices were in line with the market and I'm satisfied," another diamantaire commented.
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