Price Hikes at DTC Sight

The Diamond Trading Company (DTC) has raised prices by 4-5 percent at its Sight held in London this week, according to initial reports. The Sight started today (Monday).

According to the company, there are “some minor price adjustments in some areas.”

The price increases are more pronounced in the larger goods, closer to 7 percent, according to Sight attendees.

High premiums for DTC goods in the market prompted the expectation that prices will be raised by the company. This in turn resulted in speculative buying, further driving up prices in the secondary market.

As Europe’s air travel is slowly returning to normal after the volcanic eruption in Iceland, a lower Sightholder attendance is noted.

This week’s Sight, the last one until June and the important JCK Las Vegas trade show, is the first Sight of the new ITO period.