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Rapaport Weekly Market Comment

Author: unknown - Published 09-01-2020 22:58
Diamond trading seasonally quiet, but diamantaires in positive mood as they return from New Year break. Dealers waiting for memo sale results to assess holiday season. Concern that US economic growth will slow in 2020 election year. Optimism for mainland China during Jan. 25 lunar festival. Hong Kong retail sluggish. Manufacturers cautious about raising factory production, despite expected 1Q inventory replenishment. Polished prices stable, with improvement in 0.30 to 0.50 ct., D-H, IF-VS diamonds due to Chinese holiday demand and shortages of RapSpec A3+ goods. Prices and demand weak for 3 ct. and larger, F+, VVS+ diamonds. Rapaport hosts trade mission to Surat, India.

Gems & jewellery sector banks on Centre's support for growth

Author: Gireesh Babu - Published 09-01-2020 22:53
The gems and jewellery industry in the country is expecting gold prices to be volatile during 2020, as the hostility between the US and Iran may continue this year.

Diamond Prices Stable After Year of Declines

Author: unknown - Published 07-01-2020 22:59
Diamond market conditions improved in December as US and Chinese holiday demand helped raise sentiment. Polished prices stabilized and improved for sizes under 1 carat, supported by shortages of G+, VS2+ goods. High-end qualities (F+, VVS+) of 3 carats and larger diamonds remain weak.

ALROSA TO HOLD FIVE BIG ROUGH AUCTIONS AT THE IDE IN 2020

Author: unknown - Published 02-01-2020 12:56
Russian mining giant Alrosa has released its schedule for international auctions for special size rough diamonds (over 10.8 carats) in 2020. Out of the 34 planned auctions, five will be held at the Israel Diamond Exchange (IDE) in Ramat Gan.

What Happened in the Diamond Trade in 2019

Author: unknown - Published 02-01-2020 12:54
Last year will go down as a difficult one for the diamond industry. While manufacturers took the biggest hit with thin profit margins, tight liquidity and excess supply, miners also suffered as rough demand slumped. Plenty of global events also affected the trade, from stock-market volatility to street protests in Hong Kong.

Rapaport Weekly Market Comment

Author: unknown - Published 02-01-2020 12:07
Happy New Year! Diamond market gaining confidence for 2020 after relatively good holiday season. Polished prices stable, supported by US and Chinese holiday demand. 1 ct. RAPI -0.2% in Dec. and -5.3% for full year. RAPI for 0.30 ct. +1.7% in Dec. due to China orders, amid positive outlook for Jan. 25 lunar festival. Hong Kong luxury weak as protesters start year with massive demonstration. Dealer trading quiet over holidays. Suppliers reduced inventory levels, but still holding large volume of less desirable goods. None-to-faint fluorescence selling well and in short supply. New decade presents opportunity to boost diamond-jewelry demand with significant investment in marketing.

Diamonds That Created a Buzz in 2019

Author: unknown - Published 31-12-2019 12:17
It was another big year for big diamonds, with several stones that raked in big bucks, set records, or otherwise made headlines. These were the stones that caught our attention in 2019.
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