医療従事者の為の最新医療ニュースや様々な情報・ツールを提供する医療総合サイト

Rapaport Press Release: Diamond Markets Reflect Uncertain Outlook

2020年05月05日 PM08:39
このエントリーをはてなブックマークに追加


 

LAS VEGAS

Diamond trading was restricted in April due to the coronavirus pandemic and global lockdowns. Sentiment was weak, with dealers frustrated by the inability to resume business. The industry was focused on the Far East as China and Hong Kong started to open, while the outlook for the US remained uncertain.

The RapNet Diamond Index (RAPI) for 1-carat diamonds was basically flat for the month due to the low volume of trade. The index was down 8.5% since the beginning of the year.

RapNet Diamond Index (RAPI)

 

April

Year to Date
Jan. 1, 2020, to May 1, 2020

Year on Year
May 1, 2019, to May 1, 2020

RAPI 0.30 ct.

-1.0%

-4.2%

-5.7%

RAPI 0.50 ct.

-0.7%

-5.6%

-9.2%

RAPI 1 ct.

0.2%

-8.5%

-12.5%

© Copyright 2020, Rapaport USA Inc.

The diamond industry is trying to limit supply to support the market, with Indian manufacturers considering a one-month voluntary suspension of rough imports beginning May 15. Miners have paused operations or reduced production. Some mines have been placed on care and maintenance and are unlikely to resume operations at current low prices. Mid-tier miners are under pressure and unlikely to generate the cash required for their debt payments.

Global rough production in 2020 is projected to decline 16% to 119 million carats by volume and 29% to $8.5 billion by value, the lowest level since the 2009 recession, according to estimates published in the April Rapaport Research Report.

There is more than enough rough and polished in the pipeline to satisfy demand as trading centers start to reopen. Belgium and Israel have eased lockdown restrictions, while India has allowed select manufacturing in Surat and special shipments to Hong Kong.

The return to “business as usual” will be gradual. It will take some time before demand returns to levels prevalent before the pandemic. The industry has an opportunity to refresh its messaging as consumer values shift toward strengthening meaningful connections and relationships. A significant investment in marketing is necessary for the industry to capitalize on this moment and ensure long-term growth.

For in-depth diamond price, supply and demand data, subscribe to the Rapaport Research Report here.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200505005541/en/

CONTACT

Rapaport Media Contacts: media@diamonds.net

US: Sherri Hendricks +1-702-893-9400

International: Alex Shine +1-718-878-5138

Mumbai: Prashant Bhojani +91-97694-66855

Related Posts Plugin for WordPress, Blogger...

同じカテゴリーの記事 

  • First Patients Treated with the World’s Smallest Heart Pump, the 9Fr Impella ECP
  • ABEC To Deliver Industry’s First 6,000 Liter Single-Use Bioreactor to BioInno Bioscience
  • Patients with Severe Paralysis Use Stentrode Brain-Computer Interface to Text, Email, Shop, Bank Online, First-in-human Study Reports
  • Dr. Reddy’s Laboratories Announces Appointment of New Chief Financial Officer
  • Dr. Reddy’s Q2 & H1 FY21 Financial Results