Trading centers cautiously optimistic about demand after Vegas show but concerned about profitability following June rough price increases. Strong demand and lower discounts for small goods under the carat and 1-ct. pique stones. Christie’s New York jewels sale brings $15m (84% by lot) with 27.03-ct, D, VVS1, type IIa selling for $3.6m ($131,500/ct.). Lucara Diamond begins production at Lesotho’s Mothae mine. U.S. April polished imports +71% to $1.4b, polished exports +65% to $973m. India’s May polished exports +73% to $1.8b, rough imports +55% to $978m. Israel’s polished exports +64% to $601m. NGOs pressure Kimberley Process to suspend Zimbabwe and include human rights in mandate ahead of meetings.
RapNet Data: June 18, 2010
Diamonds 697,799
Value $4,440,711,934
Carats 777,124
Average Discount -30.22%
- Rapaport News
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