[miningmx.com] — GEM Diamonds said on Monday the market for rough diamonds has continued to improve, following the correction of prices in September 2011.
In an interim management statement released on Monday, the company said its own diamonds price index has shown increases in every sale since the September-correction and is up some 7% in 2012.
“Gem Diamonds anticipates rough prices across the market to continue increasing into Q2 2012 and, despite the relatively thin volumes being traded in the polished market in high end goods, prices in these goods both in the polished wholesale market and high end branded auctions are expected to improve further,’ read the statement.
