Large December Sight

Sorted rough in bags. Photo: De Beers
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As expected, De Beers has an uncharacteristically large December Sight. According to early estimates, the Sight this week offered ~$650 million worth of rough diamonds. There was very little ex-plan reported and box assortments are leaning towards smaller size goods, which possibly explains the somewhat lower prices.

The large rough diamond supply at the December Sight follows a characteristically smaller Sight last month. The Indian diamond sector was away celebrating Diwali, leading to polishing plant closures and a decrease in rough diamond purchases.

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