IDEX Polished Price Index: The Decline Continues in May
June 06, 24
(IDEX Online) - The IDEX Polished Price Index continued its downward trend through May, with a fall of 1.02 per cent.
That compares with 0.59 per cent in April, which seemed to indicate prices may be stabilizing.
But markets remain weak as uncertainty persists - over the future of De Beers, the next phase of Russian sanctions, China's recovery (or lack thereof), the rise and apparent fall of the lab grown, not to mention global economic woes, inflation, interest rates and ongoing weak demand from consumers.
You could also throw a bit of cyber-insecurity into the mix, following the hack on Christie's which may have cause little actual damage, but raises very real concerns in terms of "who's next?" There may also have been something off a lull before the JCK storm.
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