De Beers Increases Rough Prices Again

By John Jeffay / February 24, 2021 / www.idexonline.com / Article Link

(IDEX Online) - De Beers has reportedly increased prices for the third Sight in a row, as demand for rough keeps getting stronger.The UK-based miner doesn't comment on prices but insiders say they're up four per cent, especially among stones over one-carat, at the Sight in Gabarone, Botswana, that concludes on Friday.Prices were reportedly up by five per cent last month, when De Beers sold $650m - the highest figure for three years. They also rose in December.The midstream is restocking as the industry bounces back from the pandemic, with strong US sales from the US holidays, Valentine's Day and the Chinese New Year. It is also making the most of flexibilities introduced last year.Pic courtesy De Beers

Recent News

Geopolitical risk outlook unclear after US election

January 06, 2025 / www.canadianminingreport.com

Low valuations offer a cushion to mining sector

January 06, 2025 / www.canadianminingreport.com

Polarized gold and iron ore moves, moderate aluminum and copper gains

December 30, 2024 / www.canadianminingreport.com

Large TSXV stocks strong on company specific drivers

December 30, 2024 / www.canadianminingreport.com

Canadian political turmoil with Trump trade policy the catalyst

December 23, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok