Advanced Search

Diamond News Broadcast

Higher Prices at De Beers, BHP Boost Revenue

Aug 24, 2011 7:00 PM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


Download MP3 audio. The August Diamond Trading Company (DTC) sight experienced an average price increase of 4% to 8% and the overall sight estimate was up 48% year on year. But most of that increase was due to rough price hikes. Sightholders  expect DTC boxes to continue selling close to list  due to current liquidity issues facing some manufacturers.  BHP's diamond sales jumped 12% in its fiscal year through June 2011, and even though production fell 18% -- again, higher rough prices  compensated for a production decline. Retail results coming this week include Signet and Tiffany & Co., and Zale announces results next week. Michael Hill though reported strong fiscal year results and all regions experienced sales increases except for the U.S.   Record gold prices led to a boost in second-quarter demand in terms of value. Demand for gold jewelry rose 6%, and in terms of value that figure jumped 34% to $21 billion.




Tags: diamond, gold, Jewelry, prices, Production, Rapaport News, rough
Similar Articles
Female MinerDiamonds Do Good: Sharing the Wealth
Dec 11, 2017
Standing in the entrance to Kiran Hospital in Surat, India, Govindbhai Dholokia beams with pride as he gestures toward
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2017 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.