[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:52:00 AM

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In May 2014 Swiss watch exports increased by 1.2% on a year-on-year basis, to $ 2.1 billion (1.87 billion Swiss francs), according to the Federation of the Swiss Watch Industry. The growth of exports provided sales of watches made of precious metals, Rapaport reports.
The export of watches grew by 2% to $ 1.99 billion (1.77 billion Swiss francs) for the month, while exports of goods fell by 5% to 2.1 million pieces. The export value of other watch products declined by 10% to $ 44 million (39.1 million Swiss francs).
The Federation explained that exports of Swiss watch products to Hong Kong slightly decreased by 0.8% to $ 383.5 million (341.1 million Swiss francs) in May, while exports to the US grew by 3% to $ 228 million (203 million Swiss francs) .
The sharpest growth was demonstrated by exports to Japan, up 10% on a year-on-year basis to $ 122.9 million (109.3 million Swiss francs). The export of watches to Italy rose by 0.9% to $ 140 million (124.5 million Swiss francs), while exports to France grew by 3% to $ 124.5 million (110.7 million Swiss francs). The export of Swiss watches to China slightly decreased by 1% to $ 131.2 million (116.7 million Swiss francs).

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:52:00 AM

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Belonging to the De Beers group, the diamond brand Forevermark expects that in 3-4 years India will account for about 30% of its total sales revenue.
Currently, Forevermark's sales in India are around 15% of total global sales.
IdexOnline portal quoted the statement of Forevermark CEO Stephen Lussier that despite the fall of the Indian economy, last year sales by volume and in value terms jumped by 40%. According to him, the growth is due to the fact that the Indians began to consider diamonds as an alternative object of investment.
Lussier noted that prices for Forevermark diamonds are growing, and last year they increased by 15%, and this year it is expected that the brand's sales will be about 50,000 diamonds.

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The Reserve Bank of India (RBI) in its notification of July 7, 2014 said that after consulting with the Government of India, it was decided that net loans, that is, loans provided by foreign suppliers to its Indian customers or buyers without registration letters of credit (loans from suppliers), letters of commitment (loans from buyers), time deposits from any Indian financial institution for the import of diamonds and diamonds, may be allowed for a period not exceeding 180 days from date of shipment. The revised RBI instructions take effect immediately.
This step of the RBI was followed by demarches by diamond importers through industry organizations such as the Gems and Jewelery Export Promotion Council (GJEPC), the Surat Diamond Association (SDA) and others in the the benefit of increasing up to 180 days of the 90-day credit period established by the Circular of the Central Bank of India No. 59 of May 6, 2011, according to which banks belonging to Category 1 are allowed to approve loans provided by suppliers and buyers as well as payment of letters of credit for imports of rough diamonds and diamonds issued for a period not exceeding 90 days from the date of shipment.

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Exports of rough diamonds from Dubai showed an annual growth of 6% in 2013 and reached $ 7.296 billion, Rapaport reported citing data from the Dubai Diamond Exchange (DDE). In terms of volume, diamond exports jumped by 12% to 68.266 million carats, while the average price of exported diamonds fell by 5% to $ 106.88 per carat.
Dubai's import of rough diamonds in 2013 grew by 11% to $ 5.116 billion, an increase of 11% to 67.481 million carats. The average price of imported diamonds practically did not change compared to last year and amounted to $ 75.82 per carat. Dubai's net diamond exports fell 5% to $ 2.179 billion during the reporting period.
DDE has not published data on diamonds for a long time, and the latest figures date back to 2011.
In the first five months of 2014, rough diamond exports from Dubai totaled $ 3.389 billion. 27,908 million carats were exported at an average price of $ 121.40 per carat. The import of rough diamonds for this period is estimated at $ 2.303 billion with the purchase of 35.108 million carats of diamonds at an average price of $ 65.61 per carat.