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RAPAPORT DIAMOND REPORT
Suffering at home, Surat's diamond merchants are looking West for revival“The US demand has remained strong since the holiday season. Now, with vaccination in place in Europe, demand will come from those countrie...- This could be the best time to buy diamonds as lower prices are not foreverPrice has fallen in the small diamond category which has huge demand among middle-class Indians. This is because of a weakness in global de...
- Diamond exporters witness mixed Black Friday and Thanksgiving sales in overseas markets“It has been a mixed bag for diamond exporters on Black Friday and Thanksgiving,” Colin Shah, chairman, Gem & Jewellery Export Promotion Co...
- Demand for large certified diamonds witness sharp rise since AugustDiamond markets improved in August as governments eased Covid-19 restrictions and dealers sought to fill specific orders from jewellers. In...
- India's rough diamond imports fall sharply in the first 10 months of this financial yearIndustry executives anticipate a further fall of 10-15% in February and March, as manufacturers are not keen to build up inventory in the w...
- Trade deal hopes may aid diamond exportsCut and polished diamond exports in December 2019 declined by 3.92 per cent to Rs. 8926.58 crore.
- Diamond prices likely to stay steady this fiscalExports fell 6.3 per cent year-on-year during April 2018-February 2019 to $28,516.22 million.
- Jewellery exports may decline despite demand surge from Europe: TradersIn the first six months of the current fiscal, exports went down by 5% to $15.61 billion.
- Diamond exporters eye gains from US tax reformsGems and jewellery exports in the first seven months of the current fiscal fell 13.18 per cent in rupee terms.
- Indian diamonds are back in demand in China, USPrices of polished stones have risen 4% in the past fortnight; Surat traders happy.
- Diamond miners like De Beers, Rio Tinto lower rough diamond prices by 5-7%De Beers, Rio Tinto and ALROSA have lowered rough prices by 5-7% beginning this month, making the sparkling stone attractive for buyers.
- Diamond traders defer decision to put an embargo on import of rough diamondsThe traders have decided to keep a close watch on the scenario for a month and initiate talks with diamond miners such Rio Tinto, De Beers ...
- Diamond sales in domestic market remains flat despite regulatory measuresThe country had imported diamonds worth Rs 8,601.88 crore compared to Rs 12,009.02 crore in the same month last year — a drop of 28.37%.
- Poor demand forces diamond makers to cut production by 30%After a dismal last quarter, the country's diamond industry, which accounts for about 80% of the world's production of polished stones, is ...
- Weak rouble, low oil prices soften diamond demand; exporters face a rough patchIndia's diamond exports are expected to remain flat at best this fiscal year as a weak rouble and low oil prices softened demand from the k...
- Weak rouble may soften rough diamond prices by 2-5%Talking to ET, Mavji Patel, managing director, Kiran Gems, said, “There may be some impact on rough diamond prices if Russia steps up its e...
- Certified polished diamond prices slip 2.1% in JulyCertified polished diamond prices in the world market fell in July following downtrend in Indian jewellery market.
- De Beers fighting to restore monopoly; challenges lie aheadSince its inception, De Beers has survived two World Wars, the Great Depression, the break-up of the USSR and the end of apartheid in South...
- Diamond prices expected to rebound amid global economic recoveryPrices might rise as mining companies may struggle to keep pace with a revival in demand when the global economy recovers.
- Martin Rapaport to guide Surat diamond industry on recessionAmerican entrepreneur, Martin Rapaport, known as a maverick within the diamond industry, will guide diamond industry of Surat on fighting r...
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