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For diamond lovers
by 8DonCo Thu Jul 23, 2020 1:01 pm
Diamond Crash. Just Don’t Ask How Bad It Is
Covid-19 has wreaked havoc on various industries, including the diamond trade. According to Bloomberg, some smaller diamond producers have been forced to drop their prices as much as 25 percent.
Jewelry stores have been closed for months due to the pandemic, while cutting and polishing artisans have in turn been confined to their homes. So as stock continues to pile up, it remains to be seen how providers will protect the market and coinciding value of product as coronavirus restrictions begin to loosen.
While smaller plays have reduced their prices, larger producers such as De Beers and Alrosa PJSC are defending their market and refusing to lower costs. This comes even after De Beers was forced to move its annual March sale to May, resulting in sales of $35 million compared to last year’s $416 million. The company has decided, however, to host another sale later this month.
Specialist advisory firm Gemdax points out that the five biggest diamond producers currently have an excess of inventory worth about $3.5 billion, and the figure could reach $4.5 billion by the end of the year.
The diamond trade was struggling even before the spread of Covid-19, although some are seeing signs of recovery. Chinese retailers have opened their doors, while manufacturing in India has resumed at 50 percent capacity.
For more on the impact of Covid-19 on the diamond industry, visit Bloomberg.
www.bluenile.com
https://www.jamesallen.com
Covid-19 Has Caused Diamond Prices to Drop Significantly
Covid-19 has wreaked havoc on various industries, including the diamond trade. According to Bloomberg, some smaller diamond producers have been forced to drop their prices as much as 25 percent.
Jewelry stores have been closed for months due to the pandemic, while cutting and polishing artisans have in turn been confined to their homes. So as stock continues to pile up, it remains to be seen how providers will protect the market and coinciding value of product as coronavirus restrictions begin to loosen.
While smaller plays have reduced their prices, larger producers such as De Beers and Alrosa PJSC are defending their market and refusing to lower costs. This comes even after De Beers was forced to move its annual March sale to May, resulting in sales of $35 million compared to last year’s $416 million. The company has decided, however, to host another sale later this month.
Specialist advisory firm Gemdax points out that the five biggest diamond producers currently have an excess of inventory worth about $3.5 billion, and the figure could reach $4.5 billion by the end of the year.
The diamond trade was struggling even before the spread of Covid-19, although some are seeing signs of recovery. Chinese retailers have opened their doors, while manufacturing in India has resumed at 50 percent capacity.
For more on the impact of Covid-19 on the diamond industry, visit Bloomberg.
www.bluenile.com
https://www.jamesallen.com
_________________
8DonCo
Re: For diamond lovers
by Meiji Thu Jul 23, 2020 1:54 pm
Đó là ở đầu vô thôi, chớ ở đầu bán ra có thấy nó bán rẻ miếng nào đâu à.
Meiji
Re: For diamond lovers
by 8DonCo Thu Jul 23, 2020 1:57 pm
Meiji wrote:Đó là ở đầu vô thôi, chớ ở đầu bán ra có thấy nó bán rẻ miếng nào đâu à.
down a lot , check again
_________________
8DonCo
Re: For diamond lovers
by Meiji Thu Jul 23, 2020 1:57 pm
8DonCo wrote:Meiji wrote:Đó là ở đầu vô thôi, chớ ở đầu bán ra có thấy nó bán rẻ miếng nào đâu à.
down a lot , check again
Check ở đâu?
Meiji
Re: For diamond lovers
by 8DonCo Thu Jul 23, 2020 1:58 pm
Meiji wrote:8DonCo wrote:Meiji wrote:Đó là ở đầu vô thôi, chớ ở đầu bán ra có thấy nó bán rẻ miếng nào đâu à.
down a lot , check again
Check ở đâu?
2 links ở trên đó
_________________
8DonCo
Re: For diamond lovers
by beGUN Thu Jul 23, 2020 2:33 pm
Khong tien đe mua diamond even with price drop!
beGUN
Re: For diamond lovers
by 8DonCo Thu Jul 23, 2020 3:44 pm
ga10 wrote:Giá vàng có xuống giá 0?
vàng thì ngược lại , going up the hill
_________________
8DonCo
dakao2- Location : TX
Re: For diamond lovers
by EmKay Thu Jul 23, 2020 7:09 pm
Ko ai mua diamond hay diamond của người chết gd mang bán?
_________________
Đất tốt nhờ giun
Người vui khoẻ ... vì đào đất kiếm trùn
EmKay
Re: For diamond lovers
by Cuom Thu Jul 23, 2020 7:30 pm
Sao đờn bà ai cũng thích diamond? Có ai tin là tui chẳng bao giờ màng tới nó không? Nữ trang tui chỉ có 1 chiếc nhẫn cưới bằng vàng, và 1 xâu chuổi pearl. Bỏ tiền ra mua diamond phí của quá, tui thà invest tiền đó cho con tui đi học còn hơn.
Cuom
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