Market Report for the week ending June 23, 2011

June 22, 11 by Natalie J. Raps, Vicky Sharma and Edahn Golan

The global diamond wholesale sector is focused on the June Hong Kong Jewellery & Gem Fair that opened Thursday. Conventional wisdom holds that the once smallish show will prove that the market is hot.

U.S.

The market in New York City continues to be very busy, and polished prices keep increasing due to the double digit increases in rough prices. Solid demands are most noted for 1/5-3/4 cts in SI qualities.

Rounds

0.05-0.15 cts, D-J / pique, selling

0.05-0.15 cts, D-J / VS+, selling

0.10-0.75 cts, D-J / SI, selling

1/5-3/4, D-J / pique, selling against shortages

1/5-3/4, D-J / VS+, mediocre demand

0.90-1.50 cts, D-J / SI+, selling

1.00-2.00 cts, D-M / pique, mediocre demand

1.00-2.00 cts, F-J / SI+, mediocre demand

1.50-3.00 cts, D-M / VS+, selling

2.00-4.00 cts D-K / SI+, mediocre demand

4.00+ cts D-J/ pique, selling

Fancy Cuts

All fancy cuts, 0.10-0.99 cts, SI+, selling

Marquises, Pears and Ovals, 0.10-0.40 cts, D-J / I+, selling

Marquises, Pears and Ovals, 0.20-1.00 cts, H+ / VS+, selling

Ovals, 0.20-1.00 cts, H+ / VS+, selling

Antwerp

The speculative buying noted last week slowed down as many local traders are attending the Hong Kong. The sudden price hike has baffled traders; however the expectation is for continued active trading.

Rounds

0.005-0.15 cts, F-J / pique, selling

0.005-0.15 cts, F-J / SI+, selling

1/5, D-J / VS+, selling

0.25-0.90 cts, white / pique, selling

0.25-0.90 cts, F-K / SI+, good makes, selling

1.00-3.00 cts, white / pique, including goods for treatment, selling

1.00-3.00 cts, F-J / SI1+, good makes, selling, high pressure on prices

1.00-5.00 cts, D / IF, selling

1.00+ cts, Fancy colors, mediocre demand

1.00-5.00 cts, D/ IF, selling

4.00+ cts, G-J / VS+, improving demand

5.00+ cts, G-J / SI1+, selling

Fancy Cuts

Princesses, Pears and Emeralds, 1.00-5.00 cts, D-K / SI+, selling

Marquises, Radiants, Ovals, and Hearts, 1.00-4.00 cts, G-K / SI+, mediocre demand

Tapers and Baguettes, 1/10-1/6, D-I / SI+, slow

Mumbai

An active trading week in Mumbai led traders to push prices upwards, with the understanding that the global consumer market will accept it. The expectation from the Hong Kong show is that it will result in a pick up in business.

Rounds

0.005-0.15 cts, F-J / SI+, selling

1/5, H-J / VS, mediocre demand

1/4-3/8, white / pique, selling

1/4-3/4, D-J / SI+, good makes, selling

1/2-3/4, white / pique, including goods for treatment, selling

0.80-0.90 cts, F-J / VVS, selling

1.00-3.00 cts, D-K / SI to pique, selling

1.00-3.00 cts, H-K / SI1+, good makes, selling

4.00+ cts, H-M / VS+, selling, but price sensitive

5.00+ cts, H-M / VS+, selling

Fancy Cuts

Emeralds and Stabbes (wide baguettes), 0.25-1.00 cts, D-J / VS+, mediocre demand

Marquises and Hearts, 0.25-3.00 cts, F-J / VS+, selling

Princesses, Pears and Emeralds, 2.00-10.00 cts, I-L / VS, selling

Ramat Gan

A slow down in activity is felt in the Israeli diamond market, with many traders away participating at the Hong Kong show. Certain shortages are noted, possibly because of the large amount of goods shipped to trade fair. The general mood is good even tough price keep rising and buyers are finding it difficult to pay the new prices.

Rounds

0.005-0.15 cts, D-J / pique, selling

0.005-0.15 cts, D-J / VS+, selling

1/5, G-K / SI+, selling

0.25-0.90 cts, white / pique, selling

0.25-0.90 cts, D-K / SI+, good makes, selling

1.00-3.00 cts, white / pique, including goods for treatment, selling

1.00-3.00 cts, G-K / SI+, good makes, selling, strong pressure on the prices

1.00-5.00+ cts, D / IF, selling

4.00 cts, across the board, pickup in demand

Fancy Cuts

Princesses, Pears and Emeralds, 1.00-10.00 cts, G-L / SI+, selling

Radiants, Asschers and Cushions, 1.00-5.00 cts, G-J / SI+, mediocre demand

Marquises, Hearts and Ovals, 1.00-10.00 cts, G-J / SI+, slow

All fancy cuts, 1.00-5.00 cts, fancy colors, mediocre demand

Hong Kong

All eyes are on the Hong Kong market this week as the June Jewellery & Gem Fair takes place. Initial reports are positive even though the sudden price spike concerned traders.

Rounds

0.005-0.15 cts, white / SI2 to pique, selling

0.005-0.15 cts, D-J / SI1+, good makes, selling

1/5, G-J / VS+, selling

0.25-0.90 cts, white / pique, selling

0.25-0.90 cts, H-J / SI+, selling

1.00-10.00 cts, D-J / pique, mediocre demand

1.00-3.00 cts, H-M / VVS-SI, selling

4.00 cts, H-L / SI+, improving demand

5.00-10.00+ cts, H-L / VS+, slow

Fancy Cuts

Princesses and Emeralds, 1/10-1/3, H-K / SI+, selling

Princesses, Pears, Emeralds, Marquises, Ovals and Hearts, 1.00-10.00 cts, H-K / SI+, selling

Tapers and Baguettes, 1/10-1/2, H-J / VS+, slow

Diamond Index

Market Report for the week ending June 23, 2011

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