Market Comments 9/21/2007

Раздел: Новости на английском
21 сентября 2007 г.

News: Trading markets active as dealers prepare for important Hong Kong show. Fine quality large 4ct+,G+,VS1+ goods hot. Plummeting U.S. dollar confuses and delays Indian trading as Rupee surges below 40 per dollar (7 year high, +15% past year) and Euro hits record $1.40. Markets coming under severe pressure to increase prices for dollar denominated diamonds in spite of expected decline in U.S. economy. Indian demand for gold jewelry surges 23% in H1-07. August Belgium rough imports +41% to $860.24 mil and polished exports +65% to $480.71 mil. India rough imports +116% to $682.21 mil and polished exports +43% to $1.31 bil. First Rapaport Certified Diamond Auction sells 27 of 210 lots for $223,840. Next auction Thursday Oct. 25.
RAPAPORT
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