2006

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."