Diamond – Forbes reported De Beers Group reported a 14 percent drop in overall diamond sales and a similar fall in rough diamond sales for the first six months of the year.
Articles Tagged "rough diamond"
Over the past few months, China has made a few key moves that will likely culminate in rising tungsten prices. The latest development involves China declaring tungsten a strategic metal, which means that the country will no longer offer any tax breaks, and instead will tax exports.
De Beers is set to cut jobs in Botswana, which might send a shiver down the diamond industry’s spine, but India has made clear its intention to source diamonds directly from Botswana. Better sense has prevailed, and Botswana has recognized that it would be wise to diversify the sellers of its famed diamonds, rather [...]
Diamond Investing News reports diamond market is seeing some movement recently. “We saw a slight return to demand-driven buying,” said one industry observer who attended the London event. “There’s a lack of rough in the market at the moment and everyone is looking at the goods much more seriously than previous months.” Participants were quick [...]
Diamond Investing News reports diamond prices are set by supply and demand as well as emotions. Market sentiment directs prices by inciting dealer’s actions. If dealers think that values are going to go up, they buy at higher prices. If they think values are going to go down, they sell at lower prices or hold. The [...]
Diamond Investing News reports weaker demand for diamonds around the globe. U.S. polished diamond imports hit a three-year low in November 2008, dropping 37 per cent to US$1.1 billion and decreasing 45 per cent by volume to a record low of 665,361 carats. Polished exports fell 17 per cent to $975 million in November and [...]