This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Diamond Market Update (December 6, 2012)

Certified diamond prices were down for November. The RapNet Diamond Index for 1 carat diamonds slid 0.7 percent and was down 12.5 percent year to date. 0.3, 0.5 and 3 carat diamonds also posted losses for the month and remain well below last year's prices.

At the beginning of last month, polished sales were reportedly slow ahead of India's Diwali festival. However, as the festival has now ended, traders in the wholesale market are reporting improvement, though with pressure on prices.

In the US, Thanksgiving weekend, which is a major holiday shopping occasion, delivered a positive outlook for holiday purchases. Pricing is a notable issue there as well as consumers remain very price conscious. Lower price points are expected to be necessary this season as consumers seek inexpensive goods and as brick and mortar retailers aim to compete with online retailers in this price-sensitive environment.

Activity in rough trade is picking up as Indian market participants in India and Belgium are getting back to work. However, traders in diamond centers in Belgium and Israel appear to be more cautious than those in India, where activity is said to be mostly focused on rough stones that yield polished diamonds in SI and lower clarities.

Diamond Market Update (December 6, 2012) from Diamond Investing News


Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,984.29 -50.64 -0.28%
S&P 500 2,099.57 -0.83 -0.04%
NASDAQ 5,013.2040 +18.6020 0.37%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs