Diamond prices have largely recovered from the 2008 global economic crisis, but the industry is still not back to pre-2008 levels of demand.
China is now the world’s second largest economy. This massive increase in wealth has created a massive desire for luxury goods, diamonds included.
Though there are clear signs of a financial recovery around the world, at what price would there be a recovery for roughs? Is the `new-normal' daunting for the diamond industry?
Post global slowdown scenario, Surat’s diamond industry is gaining momentum in demand from the domestic, international and emerging markets like China. For full story, click here
It’s not yet clear if China can lead the world out of recession, but the Asian giant is certainly helping Indian diamond traders out of World’s biggest diamond Diamond the woods. For full story, click here
India’s iron ore prices has moved closer to $100 a tonne on Thursday on strong inquiries from China and smaller than usual supplies owing to the monsoon. For full story, click here
A top China steel industry official restated on Thursday strong opposition to settling iron ore prices at the same 33 percent cut other Asian mills have agreed, but said a deal could still be reached by month’s end. For full story, click here
EGL Asia, the only EGL diamond laboratory operating independently in Asia, and 21Gem.com, one of China’s leading online gem and jewelry sales websites, declared at the Hong Kong Jewelry and Watch Fair an agreement that positions EGL Asia as the exclusive grader and provider of certificates for loose diamonds and set jewelry diamonds sold on [...]
India is beginning to face new competition in the diamond business from China. Despite having no traditional connections to the diamond business, China has over two decades emerged as a formidable power in the trade. For full story, click here
India is beginning to face new competition in the diamond business from China. Despite having no traditional connections to the diamond business, China has over two decades emerged as a formidable power in the trade. For full story, click here
Monday, August 23, 2010