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Prices Stabilize in July, Rough Production +7% in 2010

Aug 3, 2011 7:00 PM   By Rapaport News
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Download MP3 audio. With India's international jewelry week in full swing there is a strong sense of optimism heading into  IIJS.  Rapaport Research says the diamond markets quieted a little in July and there was some price resistence from buyers, but overall the RapNet Composite Index increased by 0.2 percent in July. Rough prices rose an average of 10 percent during the month.  Global rough diamond production figures reflected strong increases in 2010 as tracked by the Kimberley Process. By value, rough production jumped 39 percent, but this was still below peak year 2008.  By volume,  carat production rose 7 percent with  the average price per carat  up 30 percent to about $90.  Data also showed remarkable growth for Zimbabwe...is there no wonder where $340 million worth of Marange rough diamonds ended up?


 

Tags: diamonds, Kimberley Process, prices, Production, Rapaport News, Zimbabwe
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