Diamond markets remain depressed, as the prospect of possible G7 sanctions on Russian diamonds looms and disappointment that China's post-lockdown bounce-back hasn't happened. .
De Beers reported a 20 per cent drop in rough sales at cycle 4, blaming slow demand in China. It also cancelled auctions in response to poor sentiment among buyers.
Petra suffered sharp drops in both revenue and prices at its May tender and held back parcels of over 75,000 carats because of weak demand.
For more Updates Do follow us on Social Media
Facebook Page https://bit.ly/3blw5Rg
Instagram https://bit.ly/3MsRHbP
YouTube https://bit.ly/3LjGj2L
Twitter https://bit.ly/3E9IO5U
Linkedin https://bit.ly/3M17Xlk
WhatsApp Group https://bit.ly/JEWELBUZZ
Commentaires