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Polished diamond prices could have brought cheer to the diamantaires with high dollar against the Rupee, but it is not meant to be due to the fall in prices.
Out of this, around 85 per cent of the rough diamonds is shipped to Surat for cutting and polishing; and the rest are sent to other centres like Ahmedabad, Bhavnagar, Rajkot and Navsari, also in Gujarat.Looking back, one could see that polished diamond prices had remained relatively stable in the first half of 2013.China especially was looked at as a potential market for good demand as the Chinese market is slowly moving towards smaller and cheaper goods, which augurs well for the Indian industry.An email regarding your password change has been sent to your email address.Needless to say, if the current trend continues, a shake-up in the Indian cutting and polishing sector is imminent and some small and medium sized units in the Indian cutting centres may slot car vendita have to close shop.Not surprisingly, polished diamond demand remained weak during May-June and July.The disappointment comes from weak market situation in China and Japan, which has adversely affected diamond demand.So, how would a mere two per cent reduction in rough diamond prices in any way going to help the Indian diamantaires?So much so, that at one point most weefs lottosysteme of the small and medium diamantaires stopped buying rough diamonds as they could not afford the high prices.And also to develop appropriate response to the challenges faced in cutting and polishing of rough diamonds sector, which been recently affecting the profitability and overall growth and business prospects of the industry.
Should one go into a panic mode now.
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Other diamond producing countries like Botswana, Russia and Canada remained at a top three positions in the global diamond industry in terms of rough diamond production.
In 2018, production will peak at 169 million carats per annum worth approximately.6 billion.And if the diamonds are studded in gold, then the cost was even higher due to eight per cent import duty on gold.In the August 2013 Sight, the Diamond Trading Company (DTC) horaire galerie geant casino annemasse the rough diamond distribution arm of De Beers group, reduced the prices of roughs between.5 and 2 per cent in different categories of rough diamond boxes for its sightholders.According to Bain Company report, Indias annual diamond jewellery sale is.5 billion or about 12 per cent of the global demand, which is even more than Japan, the European Union and the Gulf.Sometime in June 2013, diamonds became a bit costlier for the consumers in India as polished diamonds are traded in dollar value.Well, only time can tell.The Indian industry now looks towards the coming holiday season for a change in tide with a fall in rough prices.One last heard that SDA was looking for a buyer for the 12,500 carat of polished diamonds valued at over Rs 15 crore, belonging to the diamond trader.Ti è stata inviata un'email con il link per inserire la nuova password.So, according to Indian diamantaires, the two per cent reduction by De Beers was not a great help to the industry after all.But, India is a robust growing market and is the world's third largest market for diamond jewellery.At that time, that is last week of August 2013, the rupee had weakened by almost 19 per cent since June end and profitability was at a dismal low for the average diamantaires.
Or is there hope still?
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According to the KP annual report, around 127.962 million carats of rough stones were produced worldwide in 2012, and they were sold for.64 billion, for an average price.81 per carat.