IDEX Polished Price Index: The First Increase of 2024
December 02, 24
(IDEX Online) - The IDEX Polished Price Index increased for the first time this year, as the industry showed early signs of a long-awaited recovery.
The Index rose by 0.62 per cent in November, following on from a relatively modest drop of 0.81 per cent the previous month.
The last time the Index showed positive growth was back in December 2023, when it was up by 1.21 per cent.
The increase is largely down to significant reductions in both upstream and midstream diamond production.
De Beers rolled its August and October Sights into a single event in September. It no longer publishes results of each Sight, but it is reckoned to have sold no more than $130m of rough.
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