DTC's July Sight estimated at $450m

Friday, August 06, 2010

The Diamond Trading Company (DTC) July Sight achieved an estimated value of $450 million, according to feedback received by Rapaport News. Interviews with sightholders indicated that prices remained stable and that no additional goods in the form of ex-plan were supplied by the De Beers subsidiary.

Sightholders were encouraged by the sight, as they had expected prices to soften after the declines that were evident at the BHP Billiton tender earlier this month.

"Market-wise, I was very happy with the way De Beers handled this sight and it seems to have injected a bit of confidence back in the market," said one sightholder. "If DTC prices had dropped, it would have set in motion a slide in rough so this kept prices up."

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DTC's July Sight estimated at $450m

The Diamond Trading Company (DTC) July Sight achieved an estimated value of $450 million, according to feedback received by Rapaport News. Interviews with sightholders indicated that prices remained stable and that no additional goods in the form of ex-plan were supplied by the De Beers subsidiary.

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

Selefu

Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply