RAPAPORT... It wasn't that long ago that De Beers declared the 2010s "The Diamond Decade." Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers' supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview with Rough & Polished.In some sense, she was correct. The last 10 ye...Read More
RAPAPORT... India's polished-diamond exports fell 25% to $1.17 billion inNovember, reflecting a decline in the volume of shipments and the average price.However, rough imports increased 32%, partly due to the timing of Diwali, whichoccurred in October, whereas last year it was in November. Indian manufacturersclose for the festival season, resulting in lower rough demand.India Trade Data for Novem...Read More
RAPAPORT... Firestone Diamonds gave a cautious outlook for the coming year, expecting continued sluggish market conditions to impact rough prices. "From a diamond-pricing perspective, [2019] was a tough year, particularly for the smaller, lower-value goods, and these market conditions are expected to persist for the foreseeable future until the end of 2020 when global rough supply is expected...Read More
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