Diamond Prices Trail Off, Expectations for HK Show Lackluster
September 14, 11The IDEX Online Diamond Index on Tuesday closed at 144.6, down 2.4 percent from the 148.0
The price of gold also softened this week, closing at $1,820 per ounce in
The jewelry industry is focusing on the important September Hong Kong Jewellery & Gem Fair opening on the 19th. The less than enthusiastic mood in the global diamond centers is translating to mixed expectations from the show.
Diamond traders are concerned both about the price of polished diamonds they will achieve at the show as well as the volume of orders.
The softening in polished diamond prices, an unusual occurrence a week before a major trade show, is placing a cap on rough diamond prices, playing a contributing role in depressing rough prices in recent weeks.
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