Small Diamonds Lead Price Gains in September
1-carat RAPI rises for second straight month.
Category: Rough
Decrease of 10% to 15% is not enough to generate profitability, sightholders argue.
Goods came from three Angolan mines, including first-timer Sangamina.
Continued high levels of inventory in midstream, weak demand and expectations of protracted recovery affect output levels.
Like-for-like values down 9% at first two tenders of fiscal year.
Sale exceeds expectations, with 95% of goods sold
Botswana state-owned rough trader also called off November auction.
Stone is 13th over 100 carats that company has recovered this year and fifth in just over a month.
Miners press ahead with policy of supply flexibility.
Diamond is sixth over 1,000 carats from Karowe mine, and second in last month.
Most recent find marks miner’s 12th stone over 100 carats so far this year.
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