Antwerp’s imports and exports of both rough and polished diamonds into and from Antwerp were lower in June as compared to the same month a year earlier. For full story, click here
As an indication of things to come, India’s polished diamond exports climbed down by 13 per cent to $1.1 billion in June as softer prices continued to impact the total. For full story, click here
Traders, cutters, and retailers are all warning that the diamond business’ struggles will cause a restructuring of the entire industry.
With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
Various associations of diamantries across Gujarat have decided to work five days a week till January 2009 due to global slowdown. For full story, click here
Sunday, July 19, 2009