Diamond jewellery to become costlier by 5% on rough price rise

Diamond jewellery to become costlier by 5% on rough price rise | LinkedIn
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Diamond jewellery to become costlier by 5% on rough price rise
Contributeurs principaux de ce groupe
Diken Lakhani
Sales Executive at Dharmanandan Diamonds Pvt Ltd
Contributeur principal
 Suivre Diken
Diamond ornaments are set to become costlier by at least five per cent this festive
season, on Indian diamantaires’ decision to pass on the rise in prices of rough
diamonds (‘roughs’ in trade parlance) to consumers.
Diamond Trading Corporation (DTC), the online auctioning arm of London-based De
Beers, prime miner and supplier, has raised rough prices by three to five per cent
across all categories for October sales. Rough import from Russia has also become
costlier, by two to three per cent.
The benchmark diamond price here is about Rs 3.85 lakh a carat.
“Cut and polished diamond prices will increase proportionately, as processors would
certainly pass the rough price increase to consumers,” said Mehul Choksi, managing
director of Gitanjali Gems, also one of De Beers' sightholders (authorised bulk buyer
of roughs).
De Beers contributes around 40 per cent of global rough supplies. Since 11 of 13
roughs mined globally are processed in India, any price rise affects Indian processors
directly. De Beers has a near-monopoly on supply of roughs to India through close to
40 sightholders, beide online auction participants. Other rough suppliers are
Australia-headquarterd Rio Tinto and Russian mining company Al Rosa.
Diamond & Gold S.
Diamond & Gold Supplier
Suivre Diamond & Gold
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Diamond jewellery to become costlier by 5% on rough price rise | LinkedIn
15/10/14 22:39
Shyam D a lancé une discussion dans Diamond
Networking Group. Polished Diamonds Hi if there are
any buyers or reps for polished diamonds, feel free to
message me. I have a reputed source based out of
Singapore who can provide a wide range. Message
me to discuss further. Shipping... plus
il y a 4 h
Andries Fourie a commenté une
discussion dans Diamond Networking
Group. 31.447 carat Black Diamond for
sale.. 31.447 CARAT ROUND
BRILLIANT CUT NATURAL BLACK
DIAMOND This totally opaque natural
black diamond, certified as 31.447
carats, averaging 19.86 millimeters in
diameter and 13.02 millimeters in
depth,... plus
il y a 10 h
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