De Beers Raises Diamond Prices Again as Buyers Keep Coming Back
- De Beers raised some diamond prices by about 10% this week
- Anglo unit has been raising prices since end of last year
This article is for subscribers only.
De Beers has raised some rough-diamond prices by about 10%, as the world’s top producer cashes in on rampant demand from cutters and polishers.
The diamond industry roared back to life in the past six months, after stalling at the start of the pandemic last year. Cutting centers in India and Antwerp have been replenishing supplies after they’d been unable to buy during the worst of the crisis. At the same time, demand jumped amid surprisingly good festive sales.