Friday, July 14, 2017
Stellar Diamonds has received $ 228,000 from the auction of diamonds belonging to her 75% of the mine Baul (Baoulé) in Guinea. The average price per carat was $ 72.65.
Thus, added to the company as a result of processing of bulk sample weighing 100 000 tonnes of diamonds have been obtained on the $ 1228 000.
"The lower average price per carat, which has been achieved in the framework of trading compared to the previous auction, due to the fact that this party was entirely made up of diamond with smaller mortgage share of the project It contains diamonds of lower quality compared to the larger share of the eastern kimberlite in addition, the sales figures put pressure current diamond market ", -.. are added to the Stellar.
"At the same time, it should be noted that the diamonds of higher quality and were sold at a higher price Two 5-carat diamond went for the price of more than $ 3,500 per carat.", - concluded the company.
http://royalpearljewelry.blogspot.ca/
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After December 2015, in which the results of India's diamond cutting industry deteriorated, in January 2016 the producers of diamonds in the country once again faced with serious difficulties. In January 2016 India's polished exports declined immediately by 41.7% to $ 1.044 billion versus $ 1.8 billion in January last year. A downturn in the global consumer markets had such a strong impact on the industry, that the negative trend may persist much longer period of time than previously thought. By volume, polished exports amounted to 1.78 million carats against 2.78 million carats a year earlier. This is evidenced by the preliminary data of the Council to promote the export of gems and jewelery (Gem and Jewellery Export Promotion Council, GJEPC).
Since the beginning of the financial year (April-January) polished diamond exports fell to $ 15.83 billion compared with $ 19.1 billion for the same period of the previous year, which represents a decrease of 17.2%.
Polished exports during this period also decreased and the volume to 26.19 million carats to 28.68 million carats in the same period of the previous year.
Rough imports grew by 16.4% to $ 990.15 million in January 2016, compared to $ 851.38 million in January 2015. By volume diamond imports increased to 12.25 million carats against 8.78 million carats in the same period last year.
Meanwhile, during the period from April to January 2016 the import of diamonds into India declined by 21.6% to $ 11.1 billion from $ 14.2 billion in the same period last year. The volume of imports during this period also fell to 121.54 million carats to 107.8 million carats.
Rough diamond exports from India grew by 0.7% in January 2016 to $ 107.18 million, compared to $ 106.45 million a year earlier. By volume, this figure fell to 2.36 million carats against 3.02 million carats last year, a decrease of 22%.
From April to January 2016 diamond exports amounted to $ 882.32 million, compared to $ 1.2 billion for the same period last year, a decrease of 25%. The volume of diamond exports fell by 17.4% over this period, from 27.6 million carats to 22.8 million carats.
Polished diamond imports to India decreased in January 2016 by 47% to $ 197.34 million from $ 372.70 million in January 2015. Decrease in this indicator has a positive effect on the cutting and polishing factories in India, which and so has to reduce production capacity.
However, from April to January, this figure fell to 60%, from $ 5.7 billion last year to $ 2.3 billion this year. The government sought to reduce the import of diamonds to support the cutting and polishing sector in India.
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