Rough Boxes Trading with Low Premiums Following November Sight
November 11, 14
(IDEX Online News) – Following the November Sight, it seems that most boxes are being traded with low premiums and long credit terms.
“Some of them are also being sold below cost price – list +VAS (value-added service) at 2 percent plus broker fees of 0.5-1 percent,” said Guy Harari of online rough diamond brokerage website bluedax.com.
The sentiment in the market, at least according to the manufacturers, is that rough prices are too high compared to the current soft polished market.
“The market is still facing a liquidity problem,” explained Harari. “For example,” he pointed out, “in the secondary market in India, deals are being financed at an average interest rate of 18 percent a year.
Sight Goods - November 2014
| BOX | SIZE | LIST | SOLD | DAYS |
| CRYSTALS | 5-14.8CTS | $4,615 | 4% | 60 DAYS |
| CRYSTALS | 2.5-4 CTS | $2,603 | 3% | 60 DAYS |
| CRYSTALS | 4-8 GRS | $1,369 | 3% | 75 DAYS |
| | 5/6 GRS | | $1,250 | CASH |
| | 4+ GRS | | $880 | CASH |
| MXD CRYSTALS | 3GRS/+5 | $361 | 6% | 60 DAYS |
| FANCY | 2.5-14.8 CTS | $2,905 | 3% | 90 DAYS |
| MISC EX -3 COL | 2.5-10CT | $2,828 | 2% | 120 DAYS |
| COMMONS | 2.5-10CT | $856 | 2% | 90 DAYS |
| COMMERCIAL | 5-14.8 CTS | $3,699 | 3% | 90 DAYS |
| COMMERCIAL | 2.5-4 CTS | $1,928.00 | 2% | 90 DAYS |
| COLD COMMERCIAL | 2.5-14.8 CTS | $1,837 | 3% | 60 DAYS |
| | | | 5% | 90 DAYS |
| COLD SELECT MB | 2.5-10 CTS | 868.9 | 8% | 60 DAYS |
| SELECT MB | 2.5-4 CTS | $1,489.20 | list | 120 DAYS |
| COLD SPOTTED | 2.5-10 CTS | $830 | 7% | 60 DAYS |
| SPOTTED Z | 2.5-4 CTS | $1,076 | 8% | 90 DAYS |
| SPOTTED Z | 4-8 GRS | $921.20 | 0.50% | CASH |
| SPOTTED Z | 8GRS | | $1,300 | 90 DAYS |
| 1/3 C MIX Z (NON PIQ) | +11-8GRS | $391 | 6% | 120 DAYS |
| 1/3 C MIX Z (NON PIQ) | 8GRS | | $770 | 120 DAYS |
| 1/3 C MIX Z (NON PIQ) | 3GRS | | $265 | CASH |
| 1/3 C MIX Z (NON PIQ) | 11+ | | $190 | 120 DAYS |
| FINE Z | 4-8 GRS | $1,135 | 3% | 90 DAYS |
| COLD Z | 4-8 GRS | $741 | 3% | CASH |
| COLD Z | 3GR/+7 | $225 | 2.50% | 90 DAYS |
| LT BROWN Z | 4-8GRS | $585.90 | 4.50% | 90 DAYS |
| Z | 3GR/+7 | $336.70 | 2.25$ | 90 DAYS |
| Z | 3GR | | $570 | 90 DAYS |
| Z | 11+ | | $376 | 90 DAYS |
| Z | +11-9 | | $254 | 90 DAYS |
| Z | -9+7 | | $213 | 90 DAYS |
| Z | -7 | $169.60 | LIST | 90 DAYS |
| Z | -7 | $169.60 | LIST | 90 DAYS |
| Z/CLIV | -11 | $97.10 | 3% | 90 DAYS |
| CHIPS | 4-8 GRS | $949.70 | 3% | 90 DAYS |
| MB | 4-8 GRS | $741 | 2% | 90 DAYS |
| 2/3 BLACK MB | 4-8 GRS | $480 | 2.25% | 120 DAYS |
| CUBES | 3GR/+7 | $184.20 | 2% | 60 DAYS |
| | | | 3% | 100 DAYS |
| CUBES | 3GR | | $315 | 60 DAYS |
| CUBES | 11+ | | $215 | 60 DAYS |
| CUBES | `11-9 | | $144.50 | 60 DAYS |
| CUBES | `-9+7 | | $120 | 60 DAYS |
| IND CLIV | 4-8 GRS | $275 | 3% | 90 DAYS |
| PREP LOW | 2-10 CTS | $253 | 6% | 120 DAYS |
| PREP LOW | 3-6 GRS | $80.90 | 3% | 60 DAYS |
| PREP CUBES | -10CTS | $548 | 3% | 75 DAYS |
| | | | 5% | 120 DAYS |
| MB CLIV | 3GR/+7 | $102.60 | 1% | 90 DAYS |
| MB HIGH | 3GR/+7 | $214.50 | LIST | 30 DAYS |
| | | | `-2% | CASH |
| MB HIGH | 3GR | | $413 | CASH |
| MB HIGH | 11+ | | $252 | 60 DAYS |
| MB HIGH | 11-9 | | $166 | 90 DAYS |
| MB HIGH | -9+7 | | $128.50 | 90 DAYS |
| MB HIGH | -7+3 | $122.10 | LIST | 60 DAYS |
| MB LOW | -7+3 | $66.20 | 4% | 60 DAYS |
| 1 COL REJ H-L | +11+7 | $51.50 | 6% | 75 DAYS |
| | -7+3 | $53.70 | 6% | 75 DAYS |
| COMMON CLIV RJN | 2-10 CTS | $50.90 | 8% | 60 DAYS |
| COMMON REJ | -2CT | $7.80 | LIST | 90 DAYS |
| GREY PIQE | | $99.30 | 3% | 60 DAYS |
| GREY REJ | +7/3GRS | $31.60 | 4% | 90 DAYS |
| MIXD REJ | | $14.90 | 11% | 60 DAYS |
| IND FLATS | +/-3GRS | $122 | 3% | 60 DAYS |
| BRN REJ | 10CT +5 | $21.50 | 8% | 120 DAYS |
| BRN CLIV/MB | 2-10 CTS | $347.90 | 6% | 60 DAYS |
| BRN CLIV/MB | -3GR | $47.40 | 4% | 120 DAYS |
| COLD CLIV/MB | 3GR-10 CTS | $220.60 | 6% | 30 DAYS |
| COLD CLIV/MB | -3GR | $67.50 | 5% | 90 DAYS |