Diamond exports rebound in October

The latest figures suggest a resurge in demand for diamonds after a transitory reduction in the market's appetite for the precious stones, which resulted in a flattening out of prices in the third quarter.  Prior to the third quarter slowdown, rough diamond prices had risen by about 35 percent since January before prices reached saturation point on market dynamics.

Analysts attributed the rebound in diamond exports seen in October to restocking and building up of inventories by cutting and polishing firms ahead of the festive season.