GJ Town India

1ct. RAPI rises 0.5% in November   Diamond market sentiment improved in November amid rising expectations for the holiday season. A recovery in China and robust sales during India’s Diwali festival also lifted the mood.  Polished prices are stable for 1-carat and larger goods. The RapNet Diamond Index (RAPI) for 1-carat stones edged up 0.5% in November.   The holiday season began with strong e-commerce activity as the pandemic pushed consumers to shop online. Digital spending on Black Friday rose 22% year on year to $9 billion, according to Adobe Analytics. The spike in Covid-19 cases in the US and lockdowns in Europe have dampened expectations for in-store traffic during the peak shopping period. Indian jewelry retailers saw the release of pent-up demand over Diwali. In mainland China, major jewelers are seeing double-digit growth. Hong Kong remains weak as the slump in tourism continues.   Polished trading slowed in late November as dealers in India and Belgium...

  Free AI-powered Diamond Price Calculator app   The Diamond Price Calculator provides a price estimate that is not based upon a static price list, but rather on UNI’s unique Artificial Intelligence-powered pricing model, which is able to accurately estimate prices of natural polished diamonds in real time!   UNI Diamonds, a fintech company that is fast developing into one of the most dynamic new service providers in the international diamond trade, has announced the release of a Diamond Price Calculator app, which enables its users to quickly and conveniently obtain an up-to-date price estimate for a diamond, based on the stone’s 4Cs (Carat, Cut, Color and Clarity), also taking into consideration other factors, such as fluorescence, polished grade and the laboratory issuing its grading report.   “What is unique about the UNI Diamond Price Calculator is that it provides an estimate that is not based upon a static price list, but rather on UNI’s unique Artificia...

Gem Diamonds achieved of US$2 742 per carat in H1 Gem Diamonds Limited announces its Half Year Results for the period ending 30 June 2018 & highlights, record recoveries of large, high quality diamonds at Letšeng, combined with the discovery and subsequent sale of the Lesotho Legend have generated a strong financial performance. According to the key highlights, Gem Diamonds revenue reached to US$167.7 million remained up 81% from US$92.9 million in H1 2017. At Letšeng, recovery of 910 carat Lesotho Legend, sold for US$40.0 million, recovered a half year record of ten diamonds greater than 100 carats, Record rough tender revenue of US$169.2 million over the previous year 2017 of US$88.8 million. Average price of US$2 742 per carat achieved which was up 54% from US$1 779 per carat in H1 2017, 25 diamonds achieved a sales value of greater than US$1 million each & total carats recovered of 61 596 over the 50 478 carats in H1 2017. Commenting on the results to...