De Beers implements biggest diamonds price increase of 5% in years

De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown.
 
The world’s biggest diamond producer raised prices by about 5 per cent at its first sale of the year, according to people familiar with the situation who asked not to be identified because the information is private. The increases mostly applied to stones bigger than 1 carat, the people said.
 
The diamond industry has surprised many by the speed of its recovery after being brought to a complete standstill in the first half of last year. Crucial