De Beers Announces Price Increases

De Beers in a letter to clients last week said it had increased prices by an average 8.5% since the start of the year, including this week's Sight or sale.
"Overall, the cumulative effect of the Sight by Sight changes to our list prices over the first 4 Sights of 2008 (including the April/May Sight) will have been an average of +8.5%", the letter said.
Rio Tinto and BHP Billiton are also said to have raised price this month, highlighting the continued strength of the rough market.