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De Beers Raise Prices

The De Beers May sight had an estimated value of $600 million as the company raised its rough diamond ‎prices by approximately 4 percent. The price hike reflected a change in list prices on ‎various goods as well as adjustments made to De Beers box assortments. ‎

Dealers noted that trading on the secondary market was significantly reduced following the ‎sight that ended on May 9 as De Beers goods are now selling at around list price, erasing the 5 percent ‎premiums they had gained in the past few months.

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