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India's natural diamond rough imports dropped sharply in October, and diamond prices may receive greater support!
2023-12-28 09:32:35
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India is a midstream country in the diamond industry and is responsible for 90% of the world's diamond cutting work. Therefore, rough diamonds are its "raw materials" and loose diamonds can be regarded as its "products". Although the GJEPC October report has not yet been released, some Indian media have already provided several important sets of data.
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India is a midstream country in the diamond industry and is responsible for 90% of the world's diamond cutting work. Therefore, rough diamonds are its "raw materials" and loose diamonds can be regarded as its "products". Although the GJEPC October report has not yet been released, some Indian media have already provided several important sets of data.
During the period from October 1 to 15, India's total rough import volume was 3.837 million carats. After the industry-wide suspension of rough imports, the total rough import volume in the second half of the month (16-31) was only 1.446 million carats, a 62.3% decrease from the first half of the month. (Note: Imports in the second half of the month are all orders placed before the purchase suspension was implemented)
"The quantity of bulk cargo dropped from 758 packages in the first half of the month to 328 packages in the second half of the month." - India's "Economic Times"
From the data point of view, the effect of the suspension of imports is very obvious, so some reports believe that the prices of rough and polished diamonds will receive greater support as a result. Although the industry has not seen a rapid recovery of the market, and the "eating effect" of lab-grown diamonds still exists, there is hope that the price of natural diamonds will stop falling. In addition, the "Natural Diamond Rough Price Index" produced by Paul Zimnisky also shows (as shown in the figure below) that rough prices also rebounded slightly after the purchase suspension began.
High Light Intelligence Technology has been engaged in the production and research and development of diamond materials for seventeen years and has its own diamond factory. In 2020, the advantages of CVD lab-grown diamonds have gradually become more prominent. The company has successively established a research and development department, carried out strategic cooperation with scientific research institutes and universities on equipment, semiconductors, diamonds, etc., invested in and cooperated with Stella Creations, an Indian CVD production factory, to create a production line starting from MPCVD machines. , R&D, CVD diamond growth, R&D, sales, complete sales chain of brand effect. With MPCVD technology as the core, we have long been committed to the R&D and manufacturing of high-quality diamond materials and related equipment. We have advanced MPCVD equipment, laser processing equipment and precision polishing equipment.
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