[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:53:00 AM

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As a result of the second quarter of 2014, the index of prices for small diamonds (Rapaport Melee Index, RMI) increased by 1% to 138.78 points, according to a press release Rapaport. At the same time, the current value of the index is 3.4% higher than the corresponding figure in June 2013 (134.24 points).
After a good start to the year and a surge in the 1st quarter, when jewelers were replenishing stocks after the Christmas and New Year seasons, in the second quarter, diamond trade slowed. Purchases of diamonds were carried out mainly to fulfill existing orders. However, despite the lull, the mood in the market in June remained quite positive.
It is expected that the third quarter will be a difficult period for participants of diamond trade, as it was in the last few years. At best, diamond prices will be stable, which will reduce the profit margins of diamantaires and may lead to a drop in demand for rough diamonds.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:53:00 AM

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International Diamond Week will open in Israel, and the Israeli Diamond Exchange (IDE) will once again accept hundreds of diamantaires and buyers who are already preparing for a four-day diamond trade festival. International diamond week will be attended by dealers from Israel, India, Belgium, USA and many other countries. In the IDE's sales hall, polished diamonds for a total of over $ 1 billion will be auctioned, according to a press release received by Rough & Polished.
"Nearly two years after the presentation of IDE's concept of the International Diamond Week, we were able to realize the idea, and this event was an important event in the trade between diamond exchanges from around the world," the IDE president said. - By inviting many IDE members to this event where they can interact with members of the Beurs voor Diamanthandel and the Diamond Dealers Club of New York, we create a unique temporary trading platform for transactions and communication .

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The Namibian authorities are putting pressure on the De Beers group to determine a new sales agreement that would enable the South African state to sell diamonds outside the De Beers system.
Currently, all diamonds mined by Namdeb, a joint venture of the Namibian government and De Beers, are exported to Botswana, where De Beers plants are sorted. Diamonds are mixed with the products of other De Beers companies from around the world.
Only 10% of the Namdeb diamonds mined after that are returned to Namibia and sold to 12 local sightholders through Namibia Diamond Trading Company, a joint venture of the Namibian government and De Beers.
The Minister of Mining and Energy of Namibia Isak Katali (Isak Katali) recently said that the government came up with this initiative, trying to learn the experience of Botswana, reports Bloomberg. However, its implementation will depend on what agreements will be reached with De Beers, Catali added.
"We need to agree with De Beers to establish a separate company," Catali said. "We are guided in our actions by the example of Botswana."

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The total sales of jewelry and watches in the US in May showed an annual increase of 5.6% and reached $ 7.192 billion, Rapaport reported citing preliminary government data.
Data on sales for April did not change, but the data for March were revised downward. Preliminary results of sales of jewelry and watches in the first five months of the year show an increase of 3.4% to $ 29.95 billion.
Sales growth since the beginning of the year was consistently small and kept within a few percent, however in May the growth was the most significant since November last of the year.