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RAPAPORT… De Beers’ May sight closed with a value of $520 million as
buyers reported perceived shortages and said manufacturing profit margins were tight.
The fourth sight of the year was smaller than the $586
million sale in March and lagged behind the $636 million De Beers reported for
the same cycle a year ago. Sightholders estimated that De Beers had raised
prices by an average…

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