Expected Positive News Flow, page-131

Hi Dazzaa, S/T the market is full, with the exception of specials.

It will move though and prices are holding.

Cheers, enjoy your break.

lush

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Rapaport Weekly Market Comment Feb 18, 2016 11:00 AM By Rapaport News

Rounds: TRADE CAUTION: The recent surge of rough diamond prices on the secondary market is dangerous and unsustainable. Current polished price levels reflect artificial shortages created by 42% decline of rough supplies in 2H 2015. Production now normalizing which will soon significantly increase polished supply while overall demand remains weak. Chow Tai Fook Lunar New Year sales -29%. De Beers 2015 earnings -72% to $258M, revenue -34% to $4.7B, rough sales -36% to $4.1B, 2H rough sales -53% to $1.4B. ALROSA 2015 rough sales estimated -30% to $3.4B, 2H -26% to $1.6B. Gitanjali 3Q sales -2% to $499M, profit -18% to $12M. Jean-Marc Lieberherr appointed CEO of Diamond Producers Association.

http://www.diamonds.net/News/NewsIt...3&ArticleTitle=Rapaport Weekly Market Comment