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Diamonds join commodity price scourge

Producer cutbacks indicative of soft market sentiment around precious stones

Gareth Tredway
Rough prices are down 21% year-on-year (photo: Alrosa)

Rough prices are down 21% year-on-year (photo: Alrosa)

By mid-September this year, the roughprices.com index was down 21% from a year earlier at 192.80, falling another 1% from August’s reading. A note from GMP Securities this week said De Beers' Sight 8...

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