Hong Kong show slow but better than expected. Decent Chinese demand with buyers insisting on lower prices. Cash strapped Indian suppliers discounting while others struggle to hold prices firm. Rough prices continue to soften. We estimate next week’s DTC sight at $500M. De Beers signs 10-year deal with Botswana. India’s Aug. polished exports +1% to $2.4B, rough imports +20% to $831M. Moshe Mosbacher resigns as president of New York’s Diamond Dealers Club amid reports of financial irregularities. THE RAPAPORT PRICE LIST WILL NOT BE PUBLISHED NEXT WEEK DUE TO THE JEWISH NEW YEAR.
Tuesday to Tuesday the 4th to 11th of October
Rapaport Melee Auction in October
Mon to Friday the 7th to 11th November
Rapaport Melee Auction in November
Further information at: Rapaport Auctions