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News: Diamond market quiet over Passover and Easter holidays. Steady US demand for 1 to 1.50 ct. sizes supporting the trade, but dealer prices continue to soften. US retail solid; jewelers expecting strong summer wedding season. Dealers cautious due to Russia crisis and China Covid-19 lockdown....
In the 12 months since Jeweller’s first Great Diamond Debate, there has been more upheaval in both the natural and lab-grown categories. ARABELLA RODEN explores the implications for retailers, consumers, and the wider diamond industry
News: US retail supporting the market with steady demand, but dealer trading slow amid price uncertainty, China lockdown and Russian sanctions. US places Alrosa on OFAC Specially Designated Nationals list, blocking all US transactions with or benefiting the miner. American Gem Society urges...
olished trading cautious as prices continue decline. 1 ct. RAPI +0.5% in March but down in recent weeks; 0.30 ct. for March -3.9%. US bridal supporting the market. March jewelry sales +12%, Mastercard SpendingPulse reports. Uncertainty growing due to geopolitical and economic volatility and...
Diamond market sluggish due to US economic caution and China Covid-19 restrictions. Polished price decline fueling uncertainty. Buyers waiting for further decreases. Suppliers willing to negotiate to raise liquidity and reduce inventory of less desirable goods. Rough market restrained amid...
Rough diamond prices have reportedly fallen after months of frenzied purchasing. The diamond industry was considered a surprise winner as the global economy rebounded from the COVID-19 pandemic and in 2021, rough diamond prices rose by more than 20 per cent after copping significant hits in 2019 and 2020.
olished prices under pressure. Russian sanctions, China Covid-19 wave, US inflation, and hike in interest rates impacting demand. Polished inventory rising. Buyers lack urgency and expect further price declines. Suppliers reducing prices after 2022 surge. Melee and goods below 0.30 ct. weak. 1...
The European Union has announced a fourth round of economic santions on Russia following the invasion of Ukraine in late February, and among the restrictive measures is a ban on the importartion of luxury items such as diamonds and jewellery.
ussian sanctions unlikely to reduce rough supplies since Indian firms are seeking alternative payment methods and can legally sell resulting polished to America. Sanctions are on payment methods and not on diamonds. Surging commodity prices and inflation are rocking markets. Gold breaks...