De Beers Cuts Prices of Smaller Rough Diamonds
De Beers reduced prices for smaller rough diamonds at this week’s sight, though manufacturers say the adjustments aren’t enough to ease their profitability challenges. The miner cut the price of 3-grainer (0.75-carat) and smaller goods by 4% to 6%, market insiders told Rapaport News Tuesday. In 4- to 6-grainers (1 to 1.5 carats), the price decline was around 4%, they estimated. Prices of 5- to 10-carat rough increased slightly, though this partly reflected modifications to the assortments,
