De Beers: No Price Increases In the Near Future - May.2006
De Beers Chairman Nicky Oppenheimer recently told Dow Jones at the annual
Anglo-American Investor meeting that the company isn’t like to increase prices
in the near future.
He said that rough prices are struggling, though retail remains strong.
He explained that the diamond market is "in two places at the
moment." Interest rates have hurt worldwide demand, he said, "but as
long as retail remains good the pull-through will take place in due course. I
think our market's fine at the end of the day."
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