GJ Town India

  The uncertainty made investment hard in long-term solutions   Talking about Tariffs, Rapaport said, diamond prices fell in many categories in August as the US tariffs impacted demand for Indian goods. Prices of rounds weakened, though fancies were stable. Deep uncertainty dampened sentiment. US retail and wholesale were steady.   The RapNet Diamond Index (RAPI) for 1-carat goods reflecting round, D to H, IF to VS2 diamonds — fell 1.1% in August. The index for 0.30- and 0.50-carat stones declined 3.8% and 3.9% respectively. Larger stones continued to outperform smaller items, with the 3-carat RAPI increasing 0.4%.    US President Donald Trump implemented 25% duties on Indian goods from August 1 and 50% from August 27. Goods already in America became more desirable than those overseas. The gap in asking prices between US- and India-located inventory on RapNet grew to around 16% in 1-carat commercial goods, from the usual 10% to 12%. The differential ...

Anglo American rough diamond sales value for De Beers' seventh sales cycle of 2018   worth of US $505mn was lesser than Cycle 6 of US $533mn. Looking at YoY, Cycle 7 of 2017 had been worth of US S507 is also higher than the 2018! Anglo American plc announces the value of rough diamond sales (Global Sightholder Sales and Auction Sales) for De Beers' seventh sales cycle of 2018, amounting to $505 million. Until Cycle 6, DeBeers total sales reached   US$3.4 billion in 2018 while 2017 sold total rough worth of US$5.2 billion was less than 2016 of   US$5.6 billion. Bruce Cleaver, CEO of De Beers Group, said: "De Beers Group provided Sightholders with the opportunity to re-phase the allocation of some smaller, lower value rough diamonds. Demand remains stable ahead of the September Hong Kong Jewellery & Gem Fair." Cycle 7 2018 (1) (provisional) Cycle 6 2018 (2) (actual) Cycle 7 2017   (actual) Sales va...