Diamond international prices fall to five-year low; Japanese media: due to shrinking demand from China.
Release time:
2016-03-03
Source:
Reference News Network, January 28, 2016
Key takeaway: Regarding the international price of diamonds ground from raw ore, 1 The standard product of Kela is currently sold at a price of per unit. 7100 Around the U.S. dollar. Compared to 1 It fell before the new year. 5%。
Reference News Network 1 Moon 28 According to Japanese media reports on the same day, international prices for diamonds—as jewelry—have fallen to... 5 The lowest point in years. Second only to the U.S. in the world. 2 The rapid decline in demand from major diamond-consuming countries such as China and emerging markets like India has had an impact. As a result, jewelry stores and diamond-processing companies have seen their profitability deteriorate. However, domestic consumption in Japan continues to recover. Affected by the depreciation of the yen and the appreciation of the U.S. dollar, Japanese jewelers... 2015 has successively raised domestic diamond prices in its own country, however... 2016 The year is very likely to turn into a period of falling prices.
According to the Nikkei. 1 Moon 28 According to reports, regarding the international price of diamonds ground from raw ore, 1 The standard product of Kela is currently sold at a price of per unit. 7100 Around the U.S. dollar. Compared to 1 It fell before the new year. 5% Regarding raw diamond ore, Anglo American Group ( Anglo American plc )’s subsidiary, the world’s largest diamond supplier, De Beers Group ( De Beers Group ) Occupy the globe 30 ~ 40% market share. Unlike platinum, which is priced daily on the international market, the company has consistently sold rough diamonds at high prices. However, due to China’s economic slowdown and subdued luxury consumption, the company has begun to explore lowering its sales prices for rough diamonds.
Diamond sales have been sluggish at jewelry stores in China. Chow Tai Fook, a jewelry retailer that also operates stores in Hong Kong, ... 2015 Year 10 ~ 12 Sales at the current stores for the month decreased compared to the same period last year. 15% The company's stock price is at... 1 It has fallen by half this year, and discussions are underway to close loss-making stores.
Global No. 4 In Japan, the world’s largest consumer of diamonds, retail prices for diamonds vary significantly depending on factors such as quality, size, and cutting techniques; however, overall, prices have yet to show any signs of decline. Various jewelry retailers... 2015 In the first half of the year, diamond prices were just raised on the grounds that the depreciation of the yen had led to higher procurement costs. However, at present, in addition to diamonds, the price of platinum—used for setting diamonds—is also declining. According to Tanaka Precious Metals Jewelry, Japan’s leading jewelry giant: “ If costs continue to decline in the future, diamond prices could be lowered. ”。
Diamond sales in Japan are currently performing well. Major jewelry retailers are operating... 4 Celsius Holding jewelry and miscellaneous goods F.D.C. PRODUCTS 2015 Year 12 The number of customers at the store this month has increased compared to the same period last year. 11%。4 Celsius The holding company stated “ With marriage-related needs as the main focus, consumer willingness to spend is very strong within Japan. ”。
Nobuyuki Harada of Suwa Trading, a Japanese trading company that deals in diamonds, commented on the international supply and demand for diamonds as follows: “ Supply capacity remains high. ” believes there is a gap between the current demand and actual needs. De Beers executives are... 2015 Year 12 At the analyst briefing held this month, it was also acknowledged that diamond inventories are oversupplied.