• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Gem Market
    Gem News
    Gem Stocks
    • Gem Market
    • Gem News
    • Gem Stocks

    Diamond Market Update (December 6, 2012)

    Investing News Network
    Dec. 06, 2012 03:55AM PST
    Gem Investing

    A brief overview of diamond price developments, supply and demand and significant market movers.

    Certified diamond prices were down for November. The RapNet Diamond Index for 1 carat diamonds slid 0.7 percent and was down 12.5 percent year to date. 0.3, 0.5 and 3 carat diamonds also posted losses for the month and remain well below last year’s prices.

    At the beginning of last month, polished sales were reportedly slow ahead of India’s Diwali festival. However, as the festival has now ended, traders in the wholesale market are reporting improvement, though with pressure on prices.

    In the US, Thanksgiving weekend, which is a major holiday shopping occasion, delivered a positive outlook for holiday purchases. Pricing is a notable issue there as well as consumers remain very price conscious. Lower price points are expected to be necessary this season as consumers seek inexpensive goods and as brick and mortar retailers aim to compete with online retailers in this price-sensitive environment.

    Activity in rough trade is picking up as Indian market participants in India and Belgium are getting back to work. However, traders in diamond centers in Belgium and Israel appear to be more cautious than those in India, where activity is said to be mostly focused on rough stones that yield polished diamonds in SI and lower clarities.

    india
    The Conversation (0)

    Go Deeper

    AI Powered
    Rough, yellow diamond against a blue background.

    Rio Tinto Unveils 158.2 Carat Yellow Diamond, Plus Rare Auction and Tariff Tensions

    Polished Diamond Prices Saw 4.5-percent Fall in 2013

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Gem Investing Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×