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 ...

Exports 230% higher YoY Armenia exported 643.6 thousand carats of diamonds in 2018, which is 2.3 times higher than a year ago. The customs value was $ 77.2 million, with an annual decline of 19.7%. According to the RA Customs Service, diamonds from Armenia are mainly exported to the USA (57.8%), UAE (24.8%) and Russia (10.9%) as well as to Belgium (3.7%) and Canada (1.2%). According to customs data, a positive trend was recorded and imports of products of the cutting industry, in particular, in quantitative terms, supply volumes increased by 18.2%. Thus, during the reporting year, 610.8 thousand carats of rough diamonds were imported into the republic, worth $ 172.3 million (with an annual growth of 14.2%). Primarily, rough diamonds are imported to Armenia from the United Arab Emirates (52.6%) and India (13.7%), as well as from Switzerland (7.8%), the Russian Federation (6.4%) and Belgium (5.9%), Canada (5.2%); United Kingdom (4.2%); Israel (1.5%).