DTC September sight sells $300 million worth of roughs

Sale of rough diamonds at Diamond Trading Company’s (DTC) September sight amounted to $300 million. This turnout of sales was 40 percent lower than the August sight and over 50 percent less than the sale at the September 2008 estimated sight, but nonetheless it indicates positive movement in the rough diamond market.

Reports state that the DTC did not offer much change in price and assortments, neither was there any ex-plan or additional sales in the week. The market reactions were a mix of positive and skepticism, of liquidity and an artificial bubble being created as rough diamonds are moving faster over polished diamonds. There are some who are continuing to be cautious. According to reports DTC opines that the market is winning back its positive outlook.