Advanced Search

Diamond News Broadcast

Polished Diamond Prices Ease in September

Oct 5, 2011 6:30 PM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

Download MP3 audio.
Trends noted in the October 5th Rapaport Research report for polished diamond prices indicated that diamond demand is mainly being driven by existing retail orders with very little dealer trading.  Polished diamond prices continued to fall month-to-month  as economic uncertainty and tight liquidity weighed on cutting centers. Looking ahead, Rapaport expects large dealers with strong liquidity to start buying up rough goods at current discounted rates and rough availability is also expected to rise. India's inventories are sufficient to last through  Diwali and cutters  are hesitant to anti-up additional capital for new rough purchases. Still,  trading sentiment is  low ahead of Diwali and the dollar has grown much stronger against the rupee recently, which further pressures trading.  ALROSA  pledged to hold rough diamond prices stable as it anticipates weaker trading in coming months. ALROSA reduced supplies to the open market this month, but it remains bullish going into 2012.
Tags: Alrosa, diamond, Diwali, India, news, polished, prices, Rapaport News, rough
Similar Articles
Rapaport LogoRapaport Weekly Market Comment
Mar 04, 2021
Market sentiment upbeat. Steady trading levels supported by US demand and gradual return of Chinese buyers. Retailers
Tatyana Pfaifer bridge portrait formatInfluencer Launches Jewelry Awards
Mar 01, 2021
Ukrainian jewelry influencer Tatyana Pfaifer has launched an international competition for industry members, pledging to give
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2021 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.