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Promotion code too faced


promotion code too faced

But, from then on, global production will fall.9 per cent per year.
The Indian local market too was affected by the rupee slipping to a record low.50 per dollar.To address the problems faced by the diamond industry, gjepc had recently formed a Trade Advisory Committee with prominent diamond manufacturers and exporters, to equip and allow for better understanding of the prevailing conditions in the sector.But during may-June period, prices started falling.And if the diamonds are studded in gold, then the cost was even higher due to eight per cent import duty on gold.Not surprisingly, polished diamond demand remained passer le concours de gendarme adjoint volontaire weak during May-June and July.But even they felt there is no profitability on polished diamonds due to weak rupee against the dollar.So, how would a mere two per cent reduction in rough diamond prices in any way going to help the Indian diamantaires?So, there is light at the end of the tunnel.The reason why the small and medium diamond companies are badly hit every time rough prices are hiked is because when the rough diamond reaches the secondary market, they have to buy the stones paying premium of 4-5 per cent.A recent Kimberley Process Year 2012 annual report showed that global rough diamond production by volume has increased by 10 per cent year-over-year.Interestingly, in a gold loving country like India, the diamond's share in Indian jewellery market has grown from 24 per cent in 2005 to 27 per cent in 2011.Or is there hope still?But this could not match the Weak Rupee, which was at its record low.67 against the dollar.In addition, the increased rough diamond prices and the 5-6 per cent decrease in the certified polished diamond prices since January 2013 hit all and sundry.But, India is a robust growing market and is the world's third largest market for diamond jewellery.When the demand from the Asian region dropped sharply in July, there was further decline, pushing the diamond prices further down.
According to the Report, the rate of rough diamond production globally will rise.8 per cent every year between now and 2018.



The traders who have imported rough at high prices were now forced to sell the polished stones at a lesser price.
According to Bain Company report, Indias annual diamond jewellery sale is.5 billion or about 12 per cent of the global demand, which is even more than Japan, the European Union and the Gulf.

[L_RANDNUM-10-999]
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