In Petra Diamonds said that the recovery in diamond prices does not affect the category of the smallest and most low-quality gems.
Bloomberg quoted the Chief Executive Officer Johan Dippenaar (Johan Dippenaar), who said that the fall in prices for stones smaller than 0.75 carats was like an unpleasant consequence of excessive waste producers of diamonds, because of which there was excess supply in the first half of the year.
Prices of most diamonds were small this year is 15% lower compared to the average price increase of 7% for all stones, which remains to be faceted, noted in Bloomberg.
Leading manufacturers of diamonds - De Beers and Alrosa - last year cut diamond supply to stimulate sales, which helped the market to recover.
Diamond prices have fallen by 18% in 2015 due to weak demand from China, and in view of the reduction in lending segment cutting and polishing the diamond industry, reminds Bloomberg.
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Indian Association of gold and jewelers (IBJA) hire a professional consulting firm Ernst & Young to develop a project for the exchange spot gold trading on the example of the Shanghai Gold Exchange (Shanghai Gold Exchange).
"Currently, the gold trade in the spot market in India is not regulated If we manage to create a stock exchange, we make it easy for the operation of all industry participants." - said Ketan Shroff (Ketan Shroff), a representative IBJA.
Shroff said that Ernst & Young will submit its report within a month, after which the association will address his proposal to the Ministry of Finance.
. "China, the second largest gold consumer in the world, has created the Shanghai Gold Exchange We also need to do something similar," - he added.
Shanghai Gold Exchange has launched trading platform for gold September 18, 2014 with 11 contracts in gold, whose prices are denominated in RMB. This international business marketplace is also located in the Free Trade Zone of Shanghai, making it open to foreign investors. Contracts for new Exchange and are traded between banks, gold, precious metal refineries, gold mining companies and trading houses.
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