Diamond News
Rapaport Weekly Market Comment: Polished trading quiet as dealers prepare for Hong Kong show (March ...
RapaportRapaport Weekly Market Comment: Polished trading quiet as dealers prepare for Hong Kong show (March 1-7). Rising expectations for Far East demand despite weak Chinese jewelry sales. Prices holding steady as sellers await outcome of show. Rough demand firm during De Beers sight. Dominion 4Q sales -26% to $178M. Petra Diamonds 1H revenue -28% to $154M, loss of $2M vs. profit of $39M a year ago. Lucara 4Q revenue -8% to $65M, profit of $19M vs. loss of $17M. India Jan. polished exports -42% to $1B, rough imports +16% to $991M. Belgium Jan. polished exports -5% to $772M, rough imports -13% to $730M. MID tops Israel’s 2015 diamond exporter list. Rapaport launches Investment Diamond Grading Report (www.raplab.com). Read more: http://ow.ly/YKsqE
