Diamond News
Rapaport Weekly Market Comment: Vegas expectations mixed amid weak consumer demand. Polished markets...
RapaportRapaport Weekly Market Comment: Vegas expectations mixed amid weak consumer demand. Polished markets slow with some traders very selectively building stock for JCK. Rough markets weak with oversupply concerns following De Beers $630M of sales in cycle 4 (May). India April polished exports +9% to $1.8B, rough imports +37% to $1.9B. Dominion 1Q sales -5% to $178M, Ekati production +34% to 1M cts. Signet 1Q sales +3% to $1.6B, profit +24% to $147M. Tiffany 1Q Sales -7% to $891M, profit -17% to $87.5M. ALROSA’s Andrey Polyakov named president of World Diamond Council. Read More: http://ow.ly/mzfo300C7gn
