A report by Reuters said reported that there was still an over supply of gems in the world diamonds market even with the cut down in prices.

The report also stated a De Beers official who said that diamond trading company might not meet its sales targets this year.

As compared to last year the prices of polished diamonds haven�t risen. Also, the market was very speculative last year, specifically in rough diamonds.

People were paying extra above the DTC price infrequently.