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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Polished diamond imports to China fell by 14% last year, to $ 6.69 billion, a slowdown of the economy and worsening consumer sentiment, Rapaport reports portal.
According to data released by China Customs Information Center, a decline in imports was noted in each of the first three quarters of 2015 compared to the same periods of the previous year, but increased slightly in the last quarter.
The news comes after it became aware of a similar-sized decline in 2015, polished diamond imports to Hong Kong.
Jewelery retailer Chow Tai Fook, whose sale to the current Chinese New Year fell 29%, blames the drop in sales deteriorating consumer sentiment and the economic slowdown in the country, and also points out that the residents of the Chinese travel more abroad, but did not go shopping in their own country.
By volume, polished imports to China fell by 17%, to 7.6 million carats, while the average price of the stones increased by 3.7%, to $ 883 per carat.
Chinese polished exports fell by 21% to $ 2.14 billion, respectively, net polished imports decreased by 10% to $ 4.55 billion.
Rough imports fell by 45% to $ 764 million, and rough exports decreased by 50% up to $ 27 million, in connection with which the net rough imports declined by 36% to $ 1.77 billion.
at the end of 2015 the balance of the diamond trade in the country decreased by 17% and amounted to $ 5.29 billion compared with $ 6.4 billion a year earlier.
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