28 Sep 2021
DiamondWorld Directory
Home |
Up, Above, Rough Prices So High!-What effect will increasing prices of rough diamonds have on the market?
Prices of roughs have been rocketing in the recent past, industry stalwarts believe that they will stabilise soon. They share their analysis with R Sugandha
By: Diamond World News Service
Apr 12 2021 1:48PM
Reference: 25512  


Prices of rough diamonds will hopefully stabilise in the coming months. At present this hike has affected the manufacturers of cut and polished diamonds alone. It hasn’t affected retail demand for diamond jewellery. Nilesh Chhabria, Finestar DiamondsThe world’s biggest diamond producers both De Beers and ALROSA raised prices of rough diamonds – once again pushing the diamond-supply chain out of gear. Confirms Vipul Sutariya of Dharmanandan Diamonds Pvt Ltd, “Yes, prices of rough diamonds have been increasing in recent times. High premiums also exist in the secondary market.” Explaining the probable cause of this price hike, Nilesh Chhabria of Finestar Diamonds says, “Mining companies usually keep a close watch on demand for cut and polished diamonds and retail demand as well. Therefore, their prices change based on the market trends that they study.”

Prices are a reflection of demand-supply dynamics
Whereas Evgeny Augureev, Deputy CEO, ALROSA explains, “Rough diamond prices dynamics mirror the real, confirmed demand from the midstream sector. We saw a double digits growth in jewellery demand in the second half of 2020 and a good demand in early 2021 driven by both improved consumer sentiment and a pent-up demand.” Rough diamond prices will depend on demand and supply balance while being linked to polished prices’ dynamics. ALROSA always makes sure that prices reflect the actual market trends and a confirmed real demand. In recent months, the industry is evidencing a promising market development. The demand for rough diamonds is solid and all prerequisites for price recovery are in place.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet

First | Previous | 1 | 2 | 3 | 4 | Next | Last | All

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 29920
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 6266
GJEPC Chairman Interview
Views: 26216
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 35895
Promo for IJ Awards 2012 at NDTV Profit
Views: 49844
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 63048
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 20211
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 47810
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 46901
Finestar Diamonds
DW Whatsapp Sub sq
Member of:
Supporter of: