Login

ALROSA sells large diamonds worth $10.5 mln at the auction in Dubai

ALROSA, the world's largest diamond mining company, has sold special size rough diamonds (weighing more than 10.8 carats) during the international auction in Dubai, which took place from May 27 to June 14, 2018. The results were summed up...

Today

HRD Antwerp and Russian Ministry of Finance signed cooperation agreement

In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich...

Today

The Guild of Jewellers of Russia to create a jewellery aggregator

The Guild of Jewellers of Russia Association is planning to create a jewellery aggregator, which will bring transparency and clarity in the business of online jewellery trading.

Today

CAR struggling to resume diamond exports, tax revenue lags

The Central African Republic (CAR) is battling to resume diamond sales despite a partial lifting of a ban on its gem exports by the Kimberley Process.

Today

Rapaport Group Says De Beers Destroying Transparency

Claims De Beers Does Not Allow Clients to Disclose the Source of Their Diamonds.

Today

Mercury Polished Diamond Prices: Signs That the Tide Has Turned

24 may 2018
(ehudlaniado.com) - Polished diamond prices increased across the board in April, indicating that the polished market is strengthening. The rise follows weak prices in March and marks a return to the trend of rising polished diamond prices that started in December 2017. The Mercury Diamond Global Tracker™ (MDGT™) averaged 114.94 in April, up 0.2% over March. Year-over-year, polished diamond prices are still low, down 1.9% compared to April 2017. The Mercury Index rose 0.28% in January and 0.08% in February, but declined 0.2% in March. Prior to that, the Mercury Index mainly declined for several years. Polished diamond prices peaked in April 2014, when the index reached 142.3. Since July 2014, the index has exhibited a steady decline with a few notable respites in the 44-month period. The rise in prices is noteworthy, and not only because it is important for the midstream of the diamond pipeline to finally have some relief. Price increases in three out of four months is already a trend. The decline in March in this context even makes sense. Traders had certain sales expectations early in the month due to the trade fair in Hong Kong. When they did not materialize as expected, the reaction of price decreases was normal. However, the forces that are pushing up prices are steady and were present in March as well.

Comments

Only registered users can add comments (Register, Login)