Salt Lake Telegram | 1907-04-29 | Page 2 | Diamonds Plentiful but Prices Advance

DIAMONDS PLENTIFUL BUT PRICES ADVANCE NEW YORK, April 29. Diamond importers who have returned from Europe within a few ' days agree in saying that they have been obliged to pay higher prices for diamonds than ever before, and that all American buyers buy-ers are eagerly taking all the choice stones they can get. The output of South African diamonds dia-monds has been increasing in quantity as well as in. price, according to the New York dealers. Meantime, the South African diamond trust has declared de-clared 33 1-3 per cent net profit on its apparently inexhaustible clay beds, 2UO0 feet underground. One of the independent companies, it is stated, is paying 400 per cent profit this year, and in the last three years has returned $2,000,000 in dividends on $400,000 capital.