Sunday, January 13, 2013

Rapaport Market Comment for January 13, 2012

International diamond markets show stable pricing, but trading remains cautious. Uncut diamond rough selling at slightly lower prices to dealers as cutters expect miners and distributors to reduce high asking prices from those of late last year. Solid Far East diamond demand ahead of Chinese New Year. Global jewelry retailers report steady Christmas sales, however with tight profits due to higher gold and gem costs.  Expect to see stable jewelry and gem  prices in the U.S. retail market due to strong foreign demand using a larger portion of the available goods.