Sightholders Defer & Reject, DTC Sight is Less than $400 Million

(IDEX Online News) – After offering to defer up to 50 percent of Sightholders' July allocations, and coupled with rejections and buy backs, the DTC Sight this week was a small one, estimated at less than $400 million.

The decreased supply to the market was a welcomed move by many, mostly Diamond Trading Company (DTC) Sightholders. They did not like losing 5-15 percent on some of the goods.

More importantly, the market has no need for much rough these days, because to limited polished diamond demand.

DTC did not bring prices down. Some boxes are up, others are down but the general policy of "price adjustments" remains in tact. From DTC's perspective, it seems, it's preferred to decrease supply than to decrease prices.

IDEX Online will publish its rough market analysis of the current cycle – complete with prices, demands and premiums – next week.