RE:Diamond Quality & Distribution RevealedWhat is important here in light of this diamond quality information they still commanded a decent price that is increasing with every sale. The info in the presentation indicates this clearly.
Three sales completed: Jan (49,420), Feb (277,646) and March (193,770)
• Early sales weak due to “price discovery”, Indian Rupee, higher percentage of browns and lower quality “Specials”
• January to February 12 percent price increase
• February to March 6 percent price increase
• Janaury 8.1 bids per parcel (approx 130 to 150 parcels per sale)
• February 8.8 bids per parcel
• March 10.4 bids per parcel
• De Beers Sightholders – 10 at January sale; up to 24 at March sale
• March sale: 72 percent of lots sold to repeat customers
• Conclusion: good progress being made to establish product in the market