Diamond Prices Rise Again

Published on 03/04/11

Due to a recovery in demand since the global recession, the prices set by Diamond Trading Corporation, the world’s largest producer-cum-purveyor of rough diamonds, is now above the levels which prevailed before the onset of the economic crisis.
DTC is the marketing arm for roughs of the South Africa-based De Beers Group, which has 45 per cent of the global market. In the past two years, the prices of some categories of low-end roughs have risen by 300 per cent. Some in a premium category have risen 150 per cent.

With 600,000-700,000 workers, India’s diamond processing industry handles nine in every 10 of diamonds mined anywhere in the world.