Polished and rough prices don't always align, particularly short term. Rough prices are probably just under Jan 2020 prices, which at the time were just coming up from a low base. One of the main issues will be how DeBeers and Alrosa reduce their stockpiles that have been growing over the last 2-3 years. Medium to long term rough prices should start to rise as stocks are diminished and new diamond sources are not likely to keep up. Smaller cheaper goods may be impacted by industrial man made diamonds. Fancy colours should continue to improve in price.
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