Oct
14

India diamond exports point to possible softening in market

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Rapaport Diamond news site is reporting that India has seen a huge drop off in it’s polished diamond exports for the month of September. This is bad news for US retailers as India is now a major factor in the diamond industry and the fact that these numbers are down could reflect a weakening of demand heading into the major US retail season. Most US retailers see about 80% of their annual revenue during the next 3 months and we could see a softening of pricing if this low demand keeps up.

You can read the full article here: http://www.diamonds.net/News/NewsItem.aspx?ArticleID=41317&ArticleTitle=Indias%2bPolished%2bExports%2b-39%2525%2bin%2bSeptember

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