Pearl Necklace

Thursday, August 3, 2017

The global crisis continues to test all areas of the diamond pipeline for strength. Among the last significant events: the decision of the management of Leumi Bank of Israel to stop crediting operations with rough diamonds, a significant drop in jewelry sales in retail chains in Japan, a negative acceleration in jewelry Internet trading, the braking of the acquisition of Archangel Diamond Corporation (a subsidiary of De Beers) 49.9% of the package "Arkhangelskgeoldobycha" and, accordingly, - uncertainty in the prospects for development of the Verkhotinskoye field, a sharp reduction in the net profit of ALROSA.

On this negative background, the optimistic expectations of the management of 4C-Diamonds, one of the few companies specializing in operations with investment diamonds, stand out. Vice President 4C-Diamonds Michael Thorner believes that diamonds in the era of the crisis are fully capable of fulfilling the role of a full-fledged investment object and comparable in their appeal to traditional commodities commodities. According to M.Torner, now the most attractive for investments are three-kart. If the price of significantly more rare diamonds in the range of 5 to 10 carats today still fell within 10%, then the two- and three-kart carriers are still successfully withstanding the onslaught of the crisis and the investment portfolios built on this base did not upset their owners. In November and the first decade of December, demand for investment diamonds of this dimension began to grow steadily, which inspires cautious optimism. M.Torner also predicts a significant revival of the market for investment diamonds in the first half of 2009.

http://rough-polished.com/ru/analytics/20768.html

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