De Beers in Canada

[dimonfind]

Diamond Prices Rise

http://news.tbo.com/news/MGBK5M36SXD.html

De Beers, the world's biggest diamond company, will raise the price of rough diamonds by an average of 5 percent this month as jewelry demand remains ``strong'' for the rest of the year. The increase, De Beers' third this year, follows a 7 percent increase in retail diamond sales in the year's first six months, the Johannesburg, South Africa-based company said. It raised prices by 3 percent in January and 5 percent in March.

De Beers said last month that first-half net income jumped 26 percent to $341 million because of higher diamond prices.


A staff and wire report>