In May, gold imports into mainland China from Hong Kong amounted to 115 tons, which is 68% higher compared to the previous month and the highest level since December last year, the AOJ, citing data from the Department of Census and Statistics of Hong Kong.
In addition, a volume of gold imports by 63% compared with May of the previous year, when it amounted to 70.7 tons.
This year, the physical demand for gold fell due to high world gold spot prices, but in May, in some regions it has increased with a decrease in prices.
In late April, the price of gold on the spot market closer to $ 1,300 per ounce, and in May the price of the metal fell back by approximately $ 100 per ounce. This month, gold has risen in price again due to lower expectations of rising interest rates, and due to increased demand for the metal as a safe-haven asset due to the uncertainty in the global economy.
Last week in China for the first time in 2016 were marked by discounts of gold in relation to the global spot price of $ 1.00 - $ 1.50 per ounce, which shows a decline in physical demand for the metal.
http://pearlsgift.blogspot.ca/
In the past two months, there was an increase in prices for certain categories of diamonds by 4-5% due to a shortage of demand for the Indian diamond market. This may indicate an improvement in performance cutting and polishing segment that has long been plagued by low prices for polished diamonds. However, this factor can affect the retail demand for diamonds in India.
ReplyDeleteIndia has become the third largest consumer of diamond jewelry in the world after the United States and China. At the same time, the global market for these products is estimated at $ 80 billion. India accounts for about 8% of the world consumption of diamond jewelry. The US and China (including Hong Kong and Macao) provide, respectively, 42% and 16% of global demand.
For the Indian market in 2016 has begun on a good note, as buyers sentiment improved in January. Prospects of profitability of producers also rose, while De Beers has reduced rough diamond prices by 7-10%. Demand for rough diamonds grew as cutting and polishing companies increased production to meet the supply deficit.
It is expected that in the coming months, India's polished exports increased amid rising demand in the United States. The Chinese market also opened higher after the New Year according to the lunar calendar. East shows a gradual increase in the consumption of jewelry with diamonds. In general, expected in 2016 will be relatively more good for diamond companies than 2015.