Diamond polished prices increasing, says De Beers

Speaking during a press conference here with journalists from Botswana, De Beers Consolidated Mines (DBCM) CEO Phillip Barton said that increased demand coming mainly from India and China has seen the imbalance, which prevailed during the crisis period, starting to normalise.

"We have seen restocking starting to take place again in the pipeline after the crisis two years ago. And now with the increase in the demand, which is mainly driven by the by demand from Asia, polished prices have started to increase and we should see that gap starting to close," he said.