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De Beers YTD Sight Estimate -8% in 2013

De Beers YTD Sight Estimate -8% in 2013

Apr 10, 2013 6:30 PM   By Rapaport News
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De Beers April sight value jumped 15 percent year on year, but the year to date (YTD)  sight value is down about 8 percent, according to Rapaport Research. April's sight carried an estimated value of $650 million, with an average price increase of 3 percent. Larger stones, above 5 carats and those in the 1-carat to 2-carat range, experienced higher price increases. The Rapaport Melee Diamond Index rose 7 percent during the first quarter to 135 points; however, it is still depressed compared with the reading of  141 points recorded one year ago. Prices for melee did show consistent improvement from January through March as did general market confidence.
Tags: De Beers, estimates, Rapaport News, sight, value
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