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
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...
Diamond Market Overview Trading volumes in polished have increased slightly as offices in Hong Kong and mainland China reopened following the Chinese New Year’s festive season. Strong jewellery sales were reported during the Chinese New Year. Overall demand for polished in the main diamond centres is steady, traders said, but the general mood is cautious. For manufacturers margins remain tight in most ranges of goods above -11. Meanwhile, the main PolishedPrices index strengthened during the week, opening at 158.44 on Friday, from 155.68 points on Monday. Read More
Diamond market overview Wholsesale polished trading in most diamond markets was relatively quiet over the past week. Traders said restocking by retailers is generally slow at this time of year. Most jewellery manufacturers in China and Hong Kong are closed for the Chinese holiday. Expectations are high for jewellery sales during the Chinese festival. Many in the trade are waiting for short term direction in prices and demand from the Hong Kong show in February. The main PolishedPrices index ended the week a touch higher, opening at 155.84 on Friday, from 155.48 at Monday’s opening. Read More
Market Overview Polished trading has resumed, but the overall mood in the trade is cautious. Tiffany issued a profit warning for 2012 and reported a weakening in spending from customers in the US and Europe. Asian shoppers also limited purchases as China's economy cooled, it said. Tiffany’s shares, along side those of other listed retailers such as Harry Winston, Signet Jewelers and Blue Nile came under pressure following the news. In the trade, the main focus in is on the Chinese New Year holiday period, starting 23rd of January. In the dealer market good demand was being reported for better quality smalls. The main PolishedPrices index ended the week lower, opening at 155.15 points on Friday, from Monday’s opening at 156.19. Read More
Diamond Market Overview Trading activity was very thin over the past week, as many offices were still closed. Some reported last minute orders for the Chinese New Year festival, which starts January 23rd, but overall traders said the business is quiet. Some analysts are predicting that luxury sales growth will ease in 2012 due to Euro zone crisis, America’s wobbly economy and China’s economy now showing signs of slowing down. There was a flurry of positive economic news from the main US market, with the unemployment rate falling to its lowest level in nearly three years in December, an improvement in consumer confidence and an increase in manufacturing output. However, some doubt whether the first quarter will be as positive as last year’s final quarter. In China, the economy is forecast to grow 8.5%, the lowest pace in 11 years, according to the OECD. Although, many traders remain optimistic about diamond consumption in China, saying they simply can’t feed the demand. In the broader market, the main PolishedPrices index ended the week lower at 153.45 on Friday, from Monday’s opening at 155.00. However, for the full year of 2011 the overall index rose 18.2% to leave the average for 2011 24.3% above the 2010 average. Read More
Diamond Market Overview With most offices closed during the Christmas holidays, the main news came from the US market where consumers reportedly spent more compared to a year ago on jewellery and luxury goods amid sharp discounting. However, consumer spending has not yet returned to pre-recession levels, according to SpendingPulse. Elsewhere, in the UK, there was heavy price-cutting. Some retailers had discounts of up to 70% in the face of weak consumer confidence. The next big shopping season takes place during the Chinese New Year Festival, which runs from January 22 – 28. Most traders are expecting strong sales based on orders by Chinese retailers in the run up to the shopping season. Meanwhile, the main PolishedPrices index weakened throughout the past week, opening at 156.25 on Friday, from Monday’s opening at 158.27 in thin volumes. Read More