Small Diamonds Lead Price Gains in September
1-carat RAPI rises for second straight month.
Category: Rough
Like-for-like prices were 16% to 18% lower than at previous sale.
Revenue in latest cycle falls 61% year on year.
Voluntary freeze will rebalance inventory and support prices, writes global director Dinesh Lakhani.
Consumer demand is lagging behind 2021 and 2022 levels, miner says in Diamond Insight Report.
Miner calls for “reciprocal effort” to tackle imbalance of supply and demand.
Miner gives downbeat outlook following weak demand in past fiscal year.
Company unearths 391-carat rough at Mayat mine in Yakutia.
Weak retail sales have led to inventory imbalance.
Miner’s seventh sight totals $370 million amid slowdown in demand.
Overall prices down 4.3% on like-for-like basis at first sale of fiscal year.
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