Diamond trading activity has witnessed a recent drop-off as buyers face extreme uncertainty about the viability of current price levels. Traders expect the prices of gems to deteriorate in the coming months, but no one has any idea as to how much of a change to expect.
The summer market lull has made its mark on July diamond sales in Asia. Japanese polish diamond imports took a marginal 0.9 percent rise to hit $73.96 million. Hong Kong reported July retail sales were flat, with jewelry among the worst performers. July diamond imports from India fell 14.7 percent to $25.56 million. Imports from Belgium rose 8.8 percent to $22.9 million.
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