Rio Tinto announces the winning bidders for rare and exclusive diamonds

Rio Tinto's 2012 Argyle Pink Diamonds Tender, the most exclusive diamond sale in the world, recently announced the highest bidders for this years Tender collection of 56 single pink diamonds, including two red diamonds and an additional 19 lots of blue di

Post By : IJ News Service On 22 October 2012 12:41 PM
Every year, retailers in the US are busy building up stock in October for the forthcoming Christmas season, but apparently the reduced imports of polished diamonds this October signal a bleak retail for the holidays. In October 2008, polished diamond imports into the U.S. dipped in both volume and value terms. In value, the slide was of 23 percent to $1.486 billion, while in volume the imports decreased by 32 percent to 1.229 million carats. Polished diamond prices increased by 14 percent over 2007, to $1,209 per carat in the said month, against the backdrop of economic slowdown. %% Polished exports from the country increased by 6 percent in the month amounting to $1.055 billion, although decreasing in volume by 26 percent to 2.398 million carats. This is indicative of the increase in prices by 43 percent Y-o-Y to $440 per carat. Net polished imports dipped by 54 percent to $431 million. %% The rough imports decreased by 33 percent to $65 million in the month, so also did exports falling by 25 percent to $27 million. The net rough imports slipped by 38 percent $38 million. %% The net diamond account in October 2008, which is indicative of the extent to which total imports (including rough and polished) exceeded the exports, showed a decline of 53 percent to $469 million. %% The imports of polished diamonds saw a 12 percent increase to $16.939 billion in the first 10 months of 2008, while exports of polished diamonds for the period increased by 37 percent to $12.521 billion. Import of roughs for the 10 months of 2008 increased by 6 percent to $711 million, however, exports decreased by 3 percent to $362 million.

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