Rapaport Weekly Market Comment

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Hong Kong show meets low expectations
and increases trade liquidity. Buyers pushing for deeper discounts, but
suppliers holding prices firm for select RapSpec A3+ diamonds. Steady Far East
demand for 1 ct., I-L, VS-SI diamonds. Jewelry section slower than loose
stones. Rising expectations for Chinese consumer spending during Oct. 1
National Day holiday. Petra Diamonds faces uncertainty over W…

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Rapaport Weekly Market Comment

Tags

, ,

Hong Kong show meets low expectations
and increases trade liquidity. Buyers pushing for deeper discounts, but
suppliers holding prices firm for select RapSpec A3+ diamonds. Steady Far East
demand for 1 ct., I-L, VS-SI diamonds. Jewelry section slower than loose
stones. Rising expectations for Chinese consumer spending during Oct. 1
National Day holiday. Petra Diamonds faces uncertainty over W…

from Rapaport – News http://ift.tt/2xdRHab
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Hong Kong show meets low expectations
and increases trade liquidity. Buyers pushing for deeper discounts, but
suppliers holding prices firm for select RapSpec A3+ diamonds. Steady Far East
demand for 1 ct., I-L, VS-SI diamonds. Jewelry section slower than loose
stones. Rising expectations for Chinese consumer spending during Oct. 1
National Day holiday. Petra Diamonds faces uncertainty over W…

from Rapaport – News http://ift.tt/2xdRHab
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Hong Kong show meets low expectations
and increases trade liquidity. Buyers pushing for deeper discounts, but
suppliers holding prices firm for select RapSpec A3+ diamonds. Steady Far East
demand for 1 ct., I-L, VS-SI diamonds. Jewelry section slower than loose
stones. Rising expectations for Chinese consumer spending during Oct. 1
National Day holiday. Petra Diamonds faces uncertainty over W…

from Rapaport – News http://ift.tt/2xdRHab
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Hong Kong show meets low expectations
and increases trade liquidity. Buyers pushing for deeper discounts, but
suppliers holding prices firm for select RapSpec A3+ diamonds. Steady Far East
demand for 1 ct., I-L, VS-SI diamonds. Jewelry section slower than loose
stones. Rising expectations for Chinese consumer spending during Oct. 1
National Day holiday. Petra Diamonds faces uncertainty over W…

from Rapaport – News http://ift.tt/2xdRHab
via IFTTT

Petra Hit by Strikes at Two Mines

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RAPAPORT… Workers are striking at two Petra Diamonds projects in
South Africa, adding to the company’s woes amid uncertainty over the future of another
mine in Tanzania.
Industrial action has been disrupting operations at the Finsch and Kimberley mines since Monday night, Petra said in a statement
Tuesday. The miner had warned investors Monday that it could suffer
“labor-relations volat…

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Letšeng Mine Yields 115ct. Diamond

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RAPAPORT… Gem Diamonds has unearthed a 115-carat rough diamond, as
the company’s shift to a more lucrative part of its Letšeng mine continues to
yield an improvement in recoveries of large stones.

The D-color, type-IIa diamond is the sixth stone above
100 carats that Gem Diamonds has found this year at its high-value mine in
Lesotho. In 2016, the miner only recovered five diamonds of this…

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India’s Diamond Trade Slows in August

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RAPAPORT… India’s polished-diamond exports declined 6.5% to $1.82
billion in August, according to data the nation’s Gem & Jewellery Export
Promotion Council (GJEPC) released last week. 
By volume, polished exports fell 2.1% to 2.8 million carats,
while the average price declined 5% to $646 per carat. Polished imports fell
46% to $143 million, meaning net polished exports — the diff…

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Average Price Declines at Mountain Province Sale

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RAPAPORT… Mountain Province Diamonds saw the average price of rough at
its September sale fall to the lowest level yet, as the tender included an
unusually large proportion of small stones and fewer high-end goods.

The company sold 463,000 carats of rough diamonds at an
average price of $59 per carat, bringing total proceeds to $27.1 million, it said in
a statement Monday.
The sale of g…

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JNA Awards Honor Jewelry Leaders

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RAPAPORT… Companies and individuals from across the jewelry industry
picked up honors at the Jewellery News Asia (JNA) Awards in Hong Kong last
week.

Organizer UBM Asia gave awards across 10 categories, covering
retailers, manufacturers and entrepreneurs, it said last week. The event
coincided with the September Hong Kong Jewellery & Gem Fair, which runs
until Tuesday.
“Our honoree…

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