SAs diamond sector sold short

As a struggling, licensed diamond manufacturer supporting implementation of the Diamonds Amendment Bill, I have to respond to new diamond-cutting laws turn back the clock (September 28).

Post By : Polishedprices.com On 02 October 2005 12:00 AM
The Dubai Diamond Exchange (DDE) reported that the five rough diamond tenders it hosted this far this year have netted more $66 million.

“In 2005, thus far, 435,000 carats of diamond tenders have been transacted at the Exchange with an approximate value of $66 million. We see this as an excellent beginning for the Exchange,” stated Ahmed bin Sulayem, deputy chairman of DDE.

Sulayem added that the number of participants has increased from one tender to the next, as had the number of enquiries. It is a trend that is expected to continue, he added.

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