Namibia: De Beers June Sight At U.S.$550 Million

THE De Beers June sight closed with an estimated value of US$550 million. Sightholder comments confirmed that diamond prices were stable, with a slight increase in the box price of larger goods and improved assortment quality on those same boxes.

Still, sightholder sentiment remained negative as manufacturers contend polishing rough diamonds at current prices is unprofitable.

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