MAJOR EVENTS – WEAK MARKET SENTIMENT
Two major diamond-marketing events have taken place over the course of the last two weeks - the Baselworld trade fair and the De Beers Sight (De Beers’ rough diamonds sales event). Both occurred under a cloud of weak market sentiment.
"Market players are complaining that polished diamond prices are in a “confusion mode” as asking prices are quite far from what buyers are willing to pay.."
Read the full article at "Hayahalom" The Israeli Diamond Industry Magazine (Hebrew)
Contrary to optimistic assessments by primary rough sources, people in the various diamond centers and markets are reporting that business has not been as usual since the start of the year.
2015 is looking up to be year in which rough diamond production sees a slight upticks, although it seems that one of Africa's major suppliers is all tapped out.
This was a week that saw two landmark events take place in the diamond industry.
First, there were the Hong Kong trade fairs, one of the most anticipated events of the year. The other was a meeting that took place in London, which may prove to be as important, if not more important.