Thursday, September 12, 2013

Sino-Indian diamond market prospects 2013 Sino-Indian diamond market outlook

Worlds largest diamond producer De Beers said that China and Indias prospects of diamond sales in 2013 will play a supporting role, it also shows that the global economy is gradually recovering.

Don Beers expects global jewelery Cartier Wedding Rings demand in 2013 will show modest growth, which will be higher than the 2012 market conditions significantly improved. It is reported that the price of uncut diamonds in 2012 there has been a 12% decline, while the processed diamonds trend of price movements are basically consistent with the original ore.

Global mining giant De Beers is a subsidiary of Anglo American. Don Beers, said its sales in 2012 fell by 16%. But the main jewelery market in the holiday sales season moderate recovery will help stabilize diamond prices.

Don Beers CEO Philippe - Mel Lille in a conference call, said: "Despite the macroeconomic uncertainties remain, but the United States, China and Japan and other key markets for diamond jewelry demand are still growing. "

Don Beers further pointed out that other developed markets diamond sales environment continues to be challenging, because these markets rough diamonds inventory levels are still high.