In August 2016 India's polished exports rose, an increase of 10.77% compared to the same period last year, to $ 1.94 billion, versus $ 1.75 billion in August last year.
By volume, polished exports amounted to 2.87 million carats against 2.83 million carats a year earlier. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Rough imports in monetary terms, meanwhile, grew by 72.32% to $ 1.05 billion in August 2016, compared to $ 609.8 million in August 2015. In volume of diamond imports rose to 8.53 million carats against 6.32 million carats in the same period last year, representing an increase of 35%.
Rough diamond exports from India in August 2016 rose to $ 12.24 million, compared to $ 8.82 million a year earlier. By volume, the figure rose to 2.77 million carats against 2.22 million carats last year.
Polished diamond imports to India grew in August 2016 to 9.43% up to $ 264 million, from $ 241.3 million in August 2015.
http://pearlsgift.blogspot.ca/
2 comments:
Prices for diamonds in October declined, in spite of growing hopes for the holiday season in the US, Rapaport reported. The trade has improved, but the trade turnover is much lower than last year. Suppliers have accumulated large stocks of diamonds, and traders are eager to purchase only selected goods with large discounts.
Diamond index RapNet (RAPI) prices for diamonds weighing 1 carat, certified by the GIA, fell by 1.3% in October. RAPI for diamonds weighing 0.3 carats decreased by 0.1%, and for stones weighing 0.5 carats - by 0.4%.
According to Rapaport's monthly report, strong demand in the US partly compensates for sluggish trade in China. During the Chinese "Golden Week", which was held in early October, jewelry was sold poorly, and in Hong Kong, even worse than in mainland China. Far Eastern traders with caution approaching purchases in such a weak market. Demand of shopping centers is aimed at fulfilling orders for the festive season; Israeli and American merchants rather selectively buy goods in India on the eve of the holiday season Diwali (November 7-13).
Rough diamond markets are also under pressure: too expensive diamonds are not sold. The frontier companies have reduced the productivity of their workshops by 30-50% and continue to refuse to supply De Beers and ALROSA. Trade in the secondary market is very weak. Prices for rough diamonds should be reduced by at least 20% in order to ensure reasonable profitability in the segment of the cut.
Diamond companies have large reserves of rough diamonds; De Beers and Rio Tinto are adjusting their production plans, adapting to a weak market. ALROSA continues to accumulate reserves, with 24 million in warehouses unsold carats of diamonds, valued at $ 2.8 billion at an average price of $ 115 per carat.
Pessimistic mood, as in the middle segment continues to accumulate reserves, and low demand is the major concern. All hopes - to the retail market in the USA; the industry is stepping up its efforts to promote the jewelry through such campaigns as "Diamonds Are Forever" (Diamond is Forever) De Beers and advertising ring with two stones of Signet Jewelers. In order to stimulate trade and reduce stocks in the mining and diamond cutting segments in the next year, the need to sell jewelry in excess of forecasts. In 2015, the situation on the market remains difficult. Having in stock 24 million carats of unsold diamonds, the cost of which is $ 2.8 billion with an average price of $ 115 per carat. The mood is pessimistic, as the accumulation of stocks continues in the middle segment, and low demand raises serious concerns. All hopes - to the retail market in the USA; The industry is stepping up its efforts to promote jewelry through campaigns such as "Diamond is Forever" De Beers and advertising a ring with two stones by Signet Jewelers. To stimulate trade and reduce reserves in the mining and cutting segments in the next year, jewelry sales are needed that exceed forecasts. In 2015, the situation on the market remains difficult. Having in stock 24 million carats of unsold diamonds, the cost of which is $ 2.8 billion with an average price of $ 115 per carat. The mood is pessimistic, as the accumulation of stocks continues in the middle segment, and low demand raises serious concerns. All hopes - to the retail market in the USA; The industry is stepping up its efforts to promote jewelry through campaigns such as "Diamond is Forever" De Beers and advertising a ring with two stones by Signet Jewelers.
Post a Comment