Aber to Raise Prices at Coming Allocation
June 23, 04
Aber is informing its clients that it’s going to raise prices of its rough diamonds by 5 percent on average at its coming allocation, to be held in Antwerp next week.
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The company dubs the price hike a “price re-alignment”. Aber, 40 percent owner of the Canadian Diavik mine, holds allocations in Antwerp every 5 weeks.
At this time it is not known what the breakdown would look like and which articles will be most affected.
The prices of rough have been on a continuing rise for many months, with Aber officially raising prices in such a manner as recently as last April when it announced an average price hike of 4 percent.
Other rough diamond suppliers, including De Beers, have been slowly increasing prices. Over the past year there has been an average rise in the lower double digits.