Abstract On the 28th Beijing time, the Nikkei Chinese website reported that the international price of diamonds as jewelry has fallen to the lowest point in five years. The rapid decline in demand in emerging markets such as India, the world's second-largest diamond-demanding country after the United States, has had an impact. Jewelry store and...
On the 28th, Beijing time, the Nikkei Chinese website reported that the international price of diamonds as jewelry has fallen to the lowest point in five years. The rapid decline in demand in emerging markets such as India, the world's second-largest diamond-demanding country after the United States, has had an impact. The profitability of jewelry stores and diamond processing companies has deteriorated, but domestic consumption in Japan continues to recover. Affected by the depreciation of the yen and the appreciation of the US dollar, Japanese jewelers have increased their domestic diamond prices in 2015, but in 2016 it is likely to turn into price declines. In terms of the international price of diamonds milled from raw ore, the 1-carat standard is currently priced at around $7,100 each. It fell by 5% from a year ago. For diamond ore, Deglos Group, the world's largest diamond supplier to Anglo American plc, has a global market share of 30-40%. Unlike platinum, which is priced daily on the international market, the company has been selling diamond raw ore at high prices, but due to the slowdown in China's economy and the sluggish consumption of luxury goods, the company began to try to lower the selling price of raw ore.
The retail price of diamonds in Japan, the world's fourth largest diamond consumer, varies greatly depending on the color, size and processing method, but overall the price has not fallen. In the first half of 2015, the jewellery and accessories companies have just raised the price of diamonds due to the increase in the purchase price due to the depreciation of the Japanese yen. However, in addition to diamonds, the price of platinum used to set diamonds has also fallen. Japanese jewelry giant Tanaka Precious Metal Jewelry said: "If the cost continues to decline in the future, the price of diamonds may be lowered."
The sales of diamonds in Japan are currently well maintained. Large jewelry retailer, FDC operating 4°C holding jewelry and groceries. PRODUCTS Customers in existing stores in December 2015 increased by 11% over the same period last year. 4°C Holdings stated that “the main demand for marriage is related to the domestic consumption will be strongâ€.
The original supply and demand for diamonds by the Japanese trading company, which manages diamonds, said that the supply capacity is still high, and there is a gap between it and actual demand. De Beers executives also acknowledged the excess inventory of diamonds at an analyst-oriented briefing in December 2015.
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