Refusals, Strops, Contracts and Conspiracies – A Rough Market Review

Rough Market
03/04/2015 11:38

Industry analyst Edahn Golan takes a comprehensive look at the industry's rough market. Golan calculates that at the end of Q1, De Beers is stuck with a quarter of the rough diamonds that were offered to but refused by Sightholders, equaling half-a-billion dollars, putting the company's choice to maximize in question. At the same time, the gap between rough prices and polished prices is widening, and some believe that high rough pricing may be a covert strategy to consolidate the industry.