MinedRight

Well this isn’t good. More price pressure coming...

2020 JCK Las Vegas, Luxury Shows Will Be Postponed - JCK The 2020 edition of JCK Las Vegas, America’s largest jewelry trade show, as well as sister show Luxury, will be postponed due to the coronavirus.

https://www.bloomberg.com/news/articles/2019-11-04/de-beers-cuts-diamond-prices-by-about-5-as-crisis-deepens?utm_source=url_link

De Beers Cuts Diamond Prices by About 5% as Industry Crisis Deepens De Beers is taking more drastic steps to stem the crisis in the diamond industry by cutting prices across the board for the first time in years.

https://www.diamonds.net/Tradewire/

Rapaport TradeWire

http://www.idexonline.com/FullArticle?Id=45139&fbclid=IwAR0sR8u5PMGh_ux9K5WIMGjTH3sxCG8BnFHKN97POAwduhkdup01orElwpQ #.XWYtQj5_m2c.facebook

Indian diamond industry to defer $2 billion of rough purchases The Times of India (ToI) reported that India's diamond cutting and polishing industry will be deferring purchases of about $2 billion as it is currently sitting on roughly $10 billion worth of rough stocks. ToI said that the purchase of rough stones by diamantaires of Surat and Mumbai between Januar...

Be careful in your buying...

Diamonds.net - Why the Market for Large Diamonds Is in Free Fall As the who’s who in the glitzy world of high-value diamond auctions gathered in Geneva in May, there was an understated tone to this year’s pilgrimage to the Swiss city. While Sotheby’s and Christie’s played up their offerings of magnificent jewels, which usually boost market sentiment with....