At DTC Sight Prices are Unchanged, But …

Prices and goods are unchanged at the DTC Sight taking place this week in London, with total volume estimated at $500 million. Clients in general seemed happy, but the DTC is already considering another price hike, the third this year, for Sight 5 in the first week of June.

While Sightholders have not yet been told how much of a price increase to expect, they were told in advance to expect the rise to be in the range of 3 – 7 percent. A final notice will probably be sent via the DTC intranet.

The expected price hike will come on top of an eight percent increase that has already taken place in two stages since January, which will mean the average price will increase by 11 – 15 percent in the first half of the year.

While far from a modest increase by any stretch of the imagination, rough diamonds from other sources have risen more than that, in many articles by almost 20 percent.

As noted above, the goods offered at the Sight were unchanged, with a noticeable shortage in the –11 goods and a continued limited supply of +3 carat goods.