De Beers Holds Sales Volumes Down

Monday, March 08, 2010

DE BEERS increased some of its rough diamond prices during the latest sight held in mid-February, but the group is still holding back on sales volumes.

That's according to RBC Capital Markets analyst Des Kilalea, who estimated the size of the February sight at about $530m. This brings the total for the year to date to $1.1bn.

De Beers markets diamonds to the trade at 10 sights held in London during the course of the year. The next sight is scheduled for between March 22 and 26.

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