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Analysts: Rise of Rough Prices Triggered by Upsurge in Polished Prices
VTB Capital: Polished prices remain at the high levels of the past holiday seasonהדפס
10.02.2021World
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Credit: Lucapa
A report in Rough & Polished, summing up analysts at Moscow-based investment bank VTB Capital, says that the increase in rough prices by De Beers and Alrosa recently “was triggered by an upsurge in polished prices over the past six months […] including January”.round polished diamonds display
Credit: Almarina / shutterstock.comIn their review, the bank’s analysts remarked that polished diamond prices remain at the high levels of the past holiday season. The analysts forecast that demand for rough “will continue during the first quarter of 2021, despite rising rough prices and falling global production”.
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Credit: Diamcor MiningAs for production, VTB Capital said that it expects the total diamond output in 2021 not to change significantly, “since the complete depletion of the Argyle Mine will fully offset the growth in production reached by De Beers and ALRO
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Diamond Prices Regain Their Sparkle
Pent-up jewelry demand has lifted the gems’ valuations while online sales have grownPolished diamond prices have climbed to their highest level in nearly a year and a half.
PHOTO: JOHANNA GERON/REUTERS
By Will Horner
Feb. 9, 2021 5:30 am ET
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Diamond prices have rebounded from a coronavirus-driven slump thanks to the reopening of some economies in Asia and strong jewelry sales around the world over the holiday period.Polished diamond prices are up 5.1% from their lowest point in March, putting them at their highest level in nearly a year and a half, according to a gauge compiled by the International Diamond Exchange.
