Diamonds

Save E-mail Print Most Popular RSS Reprints

DTC pushes back price-increase announcement

By Michelle Graff
August 15, 2008

Similar Stories | Topics

London—The Diamond Trading Co. (DTC) has delayed its cumulative price-increase announcement until Tuesday, National Jeweler has learned.

DTC spokeswoman Louise Prior said the announcement would include a price-increase figure summing up changes for the entire year.

However, she could not provide any details about the announcement, such as if it would provide price-increase information for specific diamond sizes.

The announcement originally was scheduled for Aug. 15, before the DTC's August sight, which is set to take place the week of Aug. 18.

It is the first time the DTC has made such an announcement.

Prior previously told National Jeweler that the cumulative price-increase data would give a "directional snapshot" for the year, and was a step the DTC chose to take at the request of its sightholders, which have seen diamond prices rise this year.

At the last sight in July, prices for goods increased an average of 5 percent across the board, with the cost of large goods increasing as much as 15 percent, according to the DTC.

Prior said the DTC bases its diamond prices on prevailing market conditions.

Right now, the company sees a strong demand worldwide for diamonds, especially larger stones, and anticipates further rough price increases this year.

"I anticipate we will probably see some further price changes this year," she said.
Save E-mail Print Most Popular RSS Reprints
Post a Comment
* Required field
* Author:
* Comment:
 

Diamonds

Hearts On Fire snow globes
HOF shakes it up with snow globe promotion

Hearts On Fire has created a virtual way for fans of the brand to send holiday greetings while also hinting for a gift of diamond jewelry. Read More

Large diamonds to highlight December auction
Israel Diamond Exchange to mark 70 years
More Diamonds

More Like This

Decreased diamond demand forces smaller sights
October 21, 2008 | National Jeweler Network
Decreased diamond demand forces smaller sights
October 21, 2008 | National Jeweler Network
DTC gives four diamantaires 'accredited business' status
September 17, 2008 | National Jeweler Network
DTC releasing more money for holiday ads
August 26, 2008 | National Jeweler Network
DTC: Rough prices up 16 percent in 2008
August 19, 2008 | National Jeweler Network

advertisement

Video

Small multi video player located on right rail of NJN site

advertisement

Longines names Stefanie Graf new ambassador
New date for Hip Hop's Crown Jewels auction
Rolex to implement new watchmaker training
Kay Jewelers debuts Jane Seymour collection
Helzberg's 'Sparkle' sale to benefit children's charities
HOF shakes it up with snow globe promotion
Kay Jewelers debuts Jane Seymour collection
Big diamonds don't sell at Sotheby's
Longines names Stefanie Graf new ambassador
David Yurman to teach master class
Sponsored by:

Retailer Toolbar

LoupeIt
LoupeIt!
A search engine designed specifically for the jewelry industry where every return is relevant to the retail jeweler.
Newsletters
Newsletters
Topic-specific newsletters that deliver the latest news on jewelry, diamonds, wholesale operations and high-volume buying directly to your in-box.
Reader Connect
ReaderConnect
Supplier information presented with every article, bringing you related, actionable content on every topic.
Jewelry Yellow Pages
Yellow Pages
A comprehensive listing of associations, organizations, suppliers and services for the jewelry industry.
Classifieds
Classifieds
A comprehensive listing of job postings, product offerings and other materials for sale for the jewelry industry.
NJN Customer Connect
CustomerConnect
The most sophisticated suite of marketing services available for jewelry retailers, from Internet tools to data marketing.

advertisement