DTC Sight reduction Profits Indian Sightholders

De Beers Diamond Trading Company (DTC) sight had much improved assortments in �Indian� goods, tantamount to a reduction of about 5 % in July according to sightholders. Some larger goods too had reduced prices, resulting in an overall reduction of some 7%. The prices of larger, better colour and quality goods, however, has reportedly gone up.

DTC spokesperson Lynette Hori confirmed that the improved assortments have resulted in an �adjustment� in diamond prices. According to her, the price changes had come from the DTC�s review of its mining partners� production forecasts for the July-December period. The six-month period constitutes the second �intention to offer� (ITO) slot for the year.

The production review is routinely conducted at the start of each ITO period. �This is done to have a better idea of the quantities of different categories of goods that are anticipated to be available to make up sight holder boxes,� Hori said. �This has led to some box prices going up and some box prices going down,� she noted.