Diamond Marker Overview Polished trading is reportedly quiet due to religious holidays. Overall, sentiment is cautious in the wholesale market and buying is very specific, traders said. The trade appears to be looking for direction in prices, with prices zig zagging on the index over the past week. The overall PolishedPrices index ending higher on Friday after a weak start of the week. The main PolishedPrices index opened up 152.48 on Friday, compared to 149.98 at Monday’s opening. Read More
It seems that diamond marketers are susceptible to apprehensions more than anyone else. As soon as Rio Tinto announced its intention to go out of the diamond business, experts started to release excited comments: if two companies are planning to sell their diamond mines (shortly before that a similar desire was expressed by BHP), this means they are not optimistic about the future of the diamond market. Read More
Diamond Market Overview With the Easter break and Jewish Pesach holidays beginning at the end of last week, there was polished little trading activity over the past week. Overall sentiment is generally cautious. In the main US market, traders reported steady demand for bridal and engagement ring market. Traders reported strong price resistance in the Asian market. The main PolishedPrices index ended the week a touch lower, after a strong start earlier in the week. Read More
Diamond Market Overview Over the past week, traders reported a slowdown in polished, mainly in the Asian market. Following the Basel trade fair, traders said demand from retailers on mainland China had dropped markedly. Read More
Diamond Market Overview Overall, traders reported steady demand for polished. Some said demand in Asia was picking up after a seasonal lull, although buyers were reluctant to pay higher prices. “Goods are moving, but there is strong pressure on prices,” said one trader. “Some retailers are mo...
Diamond Market Overview Overall polished activity in the trading centres was reportedly calm over the past week. Several traders said polished prices were strengthening, as a result of tightening supplies in some areas of goods. The main focus during the week was on the Basel Watch & Jewellery ...
Diamond Market Overview Traders said polished markets were seasonally quiet. Some reported good demand for fancy shapes, and smaller size cleanish goods. The main focus this week is on the annual Watch and Jewellery Show in Basel, Swizterland. Wholesalers will be looking for indications from retailers about consumers' appetite to spend and the latest fashion trends. In the broader market, the main PolishedPrices index traded in narrow ranges during the past week, opening at 153.04 points on Friday, from Mondays opening at 152.77. Read More
It seems that market players were "fired up" by the reduction in supply and price adjustments carried out by major diamond producers in January. Now we can talk about growing demand and intensifying trade. However, this movement has a variety of ways in different segments of rough. Read More
Diamond Market Overview Traders give a mixed picture of the polished market. Some said the market remained lackluster. Others said sentiment had improved, following the Hong Kong trade show last month. Prices reportedly held steady, despite some reporting strong price pressure at the show. According to one manufacturer, reduced manufacturing capacity in India over the past few months was leading to tightening supplies in certain ranges, mainly in the better end. Meanwhile, in the broader market, the main PolishedPrices index strengthened throughout the week, opening at 155.78 on Friday, from Monday’s opening at 153.23 points. Read More
Diamond Market Overview Market players have provided mixed reports from the Hong Kong jewellery show, which serves as an important indicator for buying appetite by consumers in mainland China and the region. Some traders said sales were positive and prices were ‘good’. However, elsewhere, the Swiss watch industry has warned for slower growth following bumper sales in 2011. In the main US market, economic data suggests the economy is improving. Consumer confidence is at its highest. However, uncertainty persists in the diamond market. There is Europe’s slump, resulting from the Greek debt crisis, and some economists, have signalled a sharp jump in oil prices over the past month could hit economic growth. Meanwhile, the main PolishedPrices index fell during the past week, opening at 153.64 on Friday, down 1.0% from Monday’s opening at 156.31. Read More
Diamond Market OverviewTraders are reporting steady demand in polished, however the underlying mood is cautious. There were reports of slowing economic growth in China. The International Monetary Fund (IMF) warned that an escalation of Europe’s troubles could cut China’s economic growth by h...
It seems that the state of uncertainty has pretty exhausted diamond marketeers. Judging by the reports published after the first DTC sight, the diamond community did not expect the usual opening address and careful assessment of market environment from Louise Prior, the head of sightholder services and communications for DTC, but rather a plain answer to the question “ Read More