The slow trading environment continued this week with traders either starting to return from vacation, on vacation, or doing small volume business while waiting for the vacations to end and orders to flow in.
U.S.
The New York market is slowly opening up and people are returning from the break. While physical trading activity levels have been passive due to the vacation, orders for August and the beginning of the season have been coming in.
Overall, traders and retailers hold an optimistic outlook when the market resumes. In the current orders, requests are for goods up to one carat in SI+ qualities as well as 1.00-2.00 cts in VS / D-J colors. Additionally, 2.00-4.00 cts goods in D-K colors are amongst those requests for August.
Rounds
0.005-0.15 cts, D-J / pique, slow
0.005-0.15 cts, D-J / VS+, slow
0.10-0.75 cts, D-J / SI+, selling
0.25-0.90 cts, D-J / VS+, slow
1.00-3.00 cts, D-M / pique, slow
2.00-3.00 cts, D-K / SI1-2, slow
2.00-3.00 cts, D-M / VS+, slow
3.00-4.00 cts, D-K / SI+, slow
4.00 cts, D-J / pique, slow
Fancy Cuts
Fancy cuts, 1/5-3/4, D-J / SI3-I1, slow
Fancy cuts, 1/5-3/4, D-J / SI+, slowing
Fancy cuts, 1.00-3.00 cts, D-J / I1, slowing
Marquises, Ovals and Pears, 1.00-3.00 cts, white / SI+, slow
Antwerp
Offices at the Antwerp market were mostly empty this week with very little activity if any as traders left for their summer vacations.
Rounds
0.005-0.15 cts, F-J / pique, slow
0.005-0.15 cts, F-J / SI+, slow
1/5, D-J / VS+, slow
1/4-3/4, white / pique, mediocre demand
0.25-0.90 cts, F-K / SI+, good makes, very slow
1.00-2.00 cts, white / pique, including goods for treatment, slow
1.00-3.00 cts, F-J / SI1+, good makes, slow
4.00+ cts, F-L / VS+, slow
Fancy Cuts
Princesses, Pears and Emeralds, 1.00-5.00 cts, D-K / SI+, slow
Marquises, Radiants, Ovals, and Hearts, 1.00-4.00 cts, G-K / SI+, slow
Tapers and Baguettes, 1/10-1/6, D-I / SI+, no demands
Ramat Gan
The Israeli diamond market remained very slow this week, on the verge of closing. A few traders here say they would continue to work, as the slow trading environment provides its own business opportunities. A number of buyers arrived in the market, looking for well priced goods. Much to their disappointment, they did not find the bargains they hoped to find.
Rounds
0.005-0.15 cts, D-J / pique, slow
0.005-0.15 cts, D-J / VS+, slow
1/5, G-K / SI+, mediocre demand
1/4-1/2, white / pique, mediocre demand
0.25-0.90 cts, G-K / SI+, good makes, mediocre demand
0.70-0.90 cts, white / pique, including goods for treatment, slow
1.00-3.00 cts, white / pique, including goods for treatment, slow
1.00-3.00 cts, G-K / SI+, good makes, slow
4.00-8.00 cts, G-L / VS+, slow
Fancy Cuts
Princesses, Pears, Emeralds, Radiants, Asschers and Cushions, 1.00-5.00 cts, G-L / SI+, slow
Marquises, Hearts and Ovals, 1.00-4.00 cts, G-J / SI+, mediocre demand
All fancy cuts, 1.00-2.00 cts, fancy colors, slow
Mumbai
Mumbai also experienced a slow trading environment, with a drop in demand from international markets as well as the local market. The drop in local demands left traders a little worried as the large IIJS show is coming up next month and a lot of expectations are hinged on it.
Rounds
0.005-0.15 cts, F-J / SI+, mediocre demand
1/5, H-J / VS, mediocre demand
1/4-3/8, white / pique, mediocre demand
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, mediocre demand
1.00-3.00 cts, D-K / SI to pique, mediocre demand, mostly by overseas buyers
1.00-3.00 cts, H-K / SI1+, good makes, slowing
4.00+ cts, H-M / VS+, slow
Fancy Cuts
Emeralds and Stabbes (wide baguettes), 0.25-1.00 cts, D-J / VS+, slow
Marquises and Hearts, 0.25-3.00 cts, F-J / VS+, slowing
Princesses, Pears and Emeralds, 2.00-5.00 cts, I-L / VS, slow
Far East
The global lowdown in the diamond market did not skip over the Hong Kong diamond market. Traders are only buying goods for which they have orders, avoiding stockpiling at all costs. The pressure on the prices is increasing despite continued resistance by buyers.
Rounds
0.005-0.15 cts, white / SI2 to pique, selling
0.005-0.15 cts, D-J / SI1+, good makes, slow
1/5, G-J / VS+, slow
1/4-3/4, white / pique, mediocre demand
1/4-3/4, H-J / SI+, slow
1.00-5.00 cts, D-J / pique, slow
1.00-3.00 cts, H-M / VVS-SI, slow
4.00+ cts, H-L / SI+, slow
Fancy Cuts
Princesses and Emeralds, 1/10-1/3, H-K / SI+, slow
Princesses, Pears, Emeralds, Marquises, Ovals and Hearts, 1.00-5.00 cts, H-K / SI+, slow
Tapers and Baguettes, 1/10-1/2, H-J / VS+, very few orders
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