mining company the world's third largest - predicts the diamond prices will rise slightly this year compared to 2004, while demand in the U.S. declined. diamond scale Price diamond set De beers, the leading seller of jewelry in the world, increased 14% last year. The United States to contribute 50% of the sale of diamonds in the world.
Increase in diamond scale jewelry demand in the U.S. and Asia to provide the opportunity to De beers to raise prices for three successive until 2004. This condition is to make the Rio mining in Australia, Canada and Zimbabwe. Market is diamond scale estimated to be tight," said UBS analyst Glyn Lawcock and Fleur Grose. Rio estimates the price growth this year is not 2004 because of weakening demand in the U.S., but the price is still good.
Increase in diamond scale jewelry demand in the U.S. and Asia to provide the opportunity to De beers to raise prices for three successive until 2004. This condition is to make the Rio mining in Australia, Canada and Zimbabwe. Market is diamond scale estimated to be tight," said UBS analyst Glyn Lawcock and Fleur Grose. Rio estimates the price growth this year is not 2004 because of weakening demand in the U.S., but the price is still good.
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